please get attention on this query to everyone
if there is company export the goods and book it as sales at that time US $ 52 Rs. and while receiving payment at that
time US $ 55 Rs. whatever the foreign exchange gain i.e, Rs. 3 is realised whether it would be appropiate
to credit it in sales account or if not why ? please consider this sales has been made during the year not at the end of the year.
Answer the question as per applicabilty of AS -11

Can anyone pls tell how purchases of goods is done in an organisation.
I am more confused on when GRN should be prepared after or before receipt of invoice?
why & how is it prepared?

what is significance of preparing GRN??

pls reply soon..

expecting reply......

Dear All,

Can we stop providing depreciation on a machine which is totally breakdown from last 6 months and is send for repair and 'll take 3 to 4 month more to start.

Thanking you in anticipation.

Regards,
Akhil

Hi,

I want to close the proprietorship company.

what is the process of surrender income tax no, service tax no and tan.

Please help..........

Sir please clear the concept of sales in Transit and also tell me why cst or other tax is not imposed on a bill of sales in transit .

Respected Sir,

if Mr.A is employee receiving salary of Rs. 9500/- pm i.e 114000 pa. + bonus of Rs.10000/- pa.

Also he received security charges of Rs. 20000/- pm but chq. is received in the name of his son B [ who is minor ]. i.e 240000/- p.a.

Now my question is can he take PERSONAL LOAN by including his son (B) minor income in the INCOME TAX RETURN.

its urgent plz help me.

Advance received from customer where will be shown it in revised schedule vi,can i shown it in current liability

Dear Sir,

Pl let me know the meaning of the following presentations

M/s ABCDE Ltd.
A/c xyzab Pvt Ltd.

Question: Who is the service receiver?
Question: Is xyzab Pvt Ltd. eligible to books of bill?
Question: Can XYZAB Pvt Ltd. take CENVAT Credit?

Thanks in Advance

Hi,
Is Schedule VI is not applicable for May 2012 IPCC Exam?

But I have received the latest study Material issued by the ICAI (BOS) covers the Schedule VI(revised). i studied Schedule VI(revised).

Pls advice me may i go on with Schedule VI(revised) or should i apply the earlier version?

My company had some Rupee got converted to Dollar.
Suppose the exchange rate of Dollar to Rupees is Rs 50.00.
I converted Rs 5000.00 to dollars with an Agency ABC LTD. (Cheque given in the name of Agency)..

What would be my J.E's .

It's urgent, Please revert