Answer Posted / sanjay kumar mulia

AS1=DISCLOSURE OF ACCOUNTING POLICY
AS2=VALUATION OF INVENTORIES
AS3=CASH FLOW STATEMENT
AS4=CONTINGENCIES AND EVENT OCCURING AFTER THE BALANCE
SHEET DATE
AS5=NET PROFIT OR LOSS FOR THE PERIOD,PRIOR PERIOD ITEMS
AND CHANGES IN ACCOUNTIG POLICY
AS6=DEPRICIATION ACCOUNTING
AS7=CONSTRUCTION CONTRACTS
AS8=ACCOUNTING FOR RESEARCH AND DEVELOPMENT
AS9=REVENUE RECOGNITION
AS10=ACCOUNTING FOR FIXED ASSETS
AS11=THE EFFECTS OF CHANGES IN FORIEGN EXCHANGE RATE
AS12=ACCOUNTINF FOR GOVERMENT GRANTS
AS13=ACCOUNTING FOR INVESTEMENT
AS14=ACCOUNTING FOR AMALGAMATIONS
AS15=EMPLOYEE BENEFITS
AS16=BORROWING COST
AS17=SEGMENT REPORTING
AS18=RELATED PARTIES DISCLOSURES
AS19=LEASES
AS20=EARNING PER SHARE
AS21=CONSOLIDATED FINANCIAL STATEMENTS
AS22=ACCOUNTING FOR TAXES ON INCOME
AS23=ACCOUNTING FOR INVESTEMENTS IN ASSOCIATES IN
CONSOLIDATED FININCIAL STATEMENTS
AS24=DISCOTIUING STATEMENTS
AS25=INTRIM FINANCIAL REPORTING
AS26=INTANGIBLE ASSETS
AS27=FINANCIAL REPORTING OF INTEREST IN JOINT VENTURE
AS28=IMPAIRMENT OF ASSETS
AS29=PROVISION,CONTINGENT LIABILITIES AND CONTINGENT ASSETS
AS30=FINANCIAL INSTRUMENT:RECOGNITION AND MEASUREMENT AND
LIMITED REVISIONS TO AS2,AS11,AS21,AS23,AS26,AS27,AS28,AS29
AS31=FINANCIAL INSTRUMENTS;MEASUREMENTS
AS32=FINANCIAL INSTRUMENT:DISCLOSUR AND LIMITED REVISION
TO AS19

Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

2208

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send me accounting test ppaers

2250

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What goals do you have in your career

2447

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Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

2149

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Entrance Exam question & Answer required

2017

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WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION

2063

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Interest earned on investments is an__________

2175

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what are the payroll procedures?

2284

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Whatis new GL & Odd G.L What is the difference between these two.

2192

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What is outsider equity and time interest period ratio?

1991

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Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?

2048

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How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment

2239

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2. You are required to prepare a Profit & Loss Account for the year ending 31st December, 2007 and the Balance Sheet on that date. The Trial Balance of XYZ Ltd. for the year ended 31st December 2007 is as follows:- Trial Balance of XYZ Ltd. as on 31st Dec. 2007 Debit Balances Rs. Credit Balances Rs. Materials used 3,50,000 Sales(including 2% Sales tax) 9,18,000 Cost of Labour 1,50,000 Sale of Scrap 100 Stock, finished and work in process on 31st December, 2006 50,000 Rent received 2,000 Wages : Factory Staff 15,000 Discounts 2,750 Directors Remuneration 50,000 Recovered against fire claim re : Stock 5,000 Salaries : Clerical Staff 75,000 Capital : Equity 25,000 Insurances : Workmen’s Compensation 1,500 Preference- 9% 8,000 General, fire etc. 2,000 Creditors 1,56,000 Directors’ Life Insurance 1,500 Provision for Taxation 1,05,000 Maintenance : Buildings 1,000 Profit & Loss Account 13,750 Plant and Machinery 12,500 Rent and Rates of premises and hire of plant 20,000 Heat, Light and Power 15,000 Experimental and Laboratory Expenses 10,000 Canteen Expenses 5,000 Staff Welfare expenses 2,500 Motor Expenses 12,500 Professional Charges 2,800 Postage and Telephone 3,500 Books, Printing and Stationery 11,000 Sundry expenses 10,000 Carriage and Packing on Sales 3,300 Discounts 5,000 Debtors 1,78,000 Freehold Property 50,000 Plant and Machinery 12,500 Fixtures and Fittings – Offices 3,500 Office machinery and Equipment 3,000 Motor Car and Van 6,500 Stock of materials on 31st Dec. 2007 1,20,000 Bank 38,000 Sales Tax Paid 15,000 12,35,600 12,35,600 Depreciation is to be provided at the following rates: Plant and Machinery 10% Fixture and Fittings 05% Office Machinery, etc. 10% Motor Vans and Cars 25% The stock of finished goods and work in progress as on 31st December, 2007 was Rs. 35,000. Provide for preference dividend and ordinary dividend at 10%. The total taxation liability is estimated at Rs.1,50,000 of which Rs. 75,000 relates to the current year. Debtors include Rs. 10,000 deposited as security against government contracts. The Works Manager is paid partly by salary and partly by a commission; he is entitled to a commission of 5% on the amount by which the surplus in the factory cost exceeds 20% of the sales for the period. Charge the commission if any in the Profit and Loss Account.

2288

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Hi, I am preparing for Junior Accounts Officers test- APTRANSCO. Can any one suggest the model paper / Books available? john kadapa

2149

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In what cases can Convertible bonds be considerred as derivatives?

2346

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