if X ltd sells goods to y ltd for 100000 INR on 1st january 2011 and in return Y Ltd gives cheques of 25000 INR each for every month (that is 25th date of every month till april) . .

Query is : ON WHICH DATE SHALL I RECORD THE BANK CHEQUES AS RECEIPT ....?

Is translation of balance in bank accounts denominated in foreign currency realised or unrealised?

The invoicing is done in USD and the receipts from customer have been deposited in USD account. From USD account to INR account, funds are being transferred based on the requirement. Now, as on year end close, the balance in USD bank account is being translated to INR at the closing rate. Is this realized or unrealized? If unealized?

Dear Sir

Can you please explain me the treatment of the balance amount left in unpaid dividend Account of the public limited co of past years.The period begins from A/Y 2004-2005

Thanks in advance

I am very eager to see the solutuions of accountancy paper nov pcc 2011 attampt.can anyone tell me how can i get solved ansersheet.i have tried a lot to get it but still i didnt find it..

What is Revaluation Reserve?What is its accounting treatment?

Which book should i refer for Accounts in CA final???

My client is providing service for SAP to external clients. They are also purchasing service (SAP) from other external clients.Eg. Client is providing service for the period Dec 2011 to Nov' 2012 and they are receiving contract amount for the full period. Quetion arises whether the amount received for the months subsequent to financial year 2011-2012(i.e from April 2012 to Nov'12) should be charged as Advance received (or prereceived)?? Plz Advice...

Dear Experts,
WAITING FOR THE EXPERTS REPLY FOR THE PAST ONE WEEK STILL NOT RECEIVED. PLZZ ANSWER ME
Can we automate any internal control with respect to accounting of purchases in Tally ERP 9 version?
Such as only if GRN number is entered for the purchase invoice entry can be passed.
Else is there some other internal control pls. share it with me it will be gr8 help for me
Thanks & Regards,
Rajesh.

Dear Experts
Can you please explain the Concept of letter of credit and what are all the types of LC with explanation.

Thanks in advance.

please provide defination of capitalization.

and give an example of capitalization of capital goods.

Thanking you,