I have purchased a vaccume cleaner and a coffee maker for office use, will they be shown under fixed asset???

The Company is involved in Textile business. it has an activity of booking F&O Contracts.. Should the loss from the same be booked as expense in P&L or it should be carried forward to set off?

If a person who is into construction business incurs certain expenses at site such as architech fees, security expenses though actual work at the site has not yet started, weather to keep these expenses under loans and advances head or to be shifted to development expenses and taken in closing work in progress

can we capitalise interior furnishing of rented building?
for instance shop furnishing with lights,shelves,false ceiling etc. should we take shelves in furniture, lights in electrical fittings etc as there doesnot seem to be a head for interior furnishing.
Then False ceiling costed 1 lakh under which head as this rented building
Can painting of rented building (-shop) also be capitalised?

What is the use of form 'F' in Inter State Sale and Purchase???

How we treat mobile purchased in name of employee. whether co show it as fixed assets in books or to show it as expenses.

in which AS investment in equity dealt with?
AS 13 or AS 30? Had investment in equity part in AS 13 withdrawn?

Hi,

I want to know if there is debit balncde in the Profit /Loss account ,where should it be reflected in the revised Format of balance sheet.


thanks & regards,
Binita Behl.

Q.
Mr. X Purchase a Plot of Land on 01/04/2010.Started Construction from very first day i.e. 01/04/2010.As there are only two person family i.e He and his wife Mrs. x they need only 1BHK and the construction gets comleted on 30/09/2010. Now to make a payment they have sold their old residential house on 10/10/2010. Now, Whether they can get the benefit of sec. 54 on the capital gain arising on sale of residential house?

Now What if rather than buying land and starting construction on it, if they go for purchase of readymade residential house on 30/09/2010?

Why we write off goodwill.Is there any logic?Please reply with exact answer with reference if any.