What is interest coverage ratio?
How is it calculated?

whether we can transfer the foreign exchange difference arising on long term liabilities to Foreign currency translation reserve or whether it has become mandatory to charge the same to charge it to p&l account as per AS-11?

Can depreciation be considered as a source of internal finance..?

i have started my firm as reseller/works contract/others
and also registered in VAT and give deposit of Rs. 25000/- as voluntary registration & VAT & CST Deposit Rs. 20000/- and also do expense of Rs.5000/- around. all the expense bear by my father.

Does the amount of Rs. 50,000/- treat as my capital or treat as unsecured loan ?

thanks

Fixed assets acquired in FY 2010-11 were not shown in audit report of FY 2010-11. Can we show fixed assets in audit report of FY 2011-12 ? As per my opinion we can it as significant error while preparing financial statements and correct in FY 2011-12.

WHAT IS THE ENTRY FOR HIRE PURCHASE AND INSTALMENT PURCHASE.

WHAT IS THE EFFECT IN FINANCIAL STATEMENTS?????????
PLZ REPLY AT sheladiya.shailesh@yahoo.in


THANKS

IF COMPANY PAY 10,000 RS AS CORRUPTION TO ANY GOVERNMENT OFFICER THEN WHAT IS THE ENTRY????????
CHARITY & DONATION DR 10,000
TO CASH OR BANK 10,000
IS IT CORRECT???????????
IF WE ENTERED UNDER CHARITY WE MUST HAVE RECEIPT BUT FOR CORRUPTION THERE IS NO ANY RECEIPT.

PLZ REPLY AT sheladiya.shailesh@yahoo.in

THANKS IN ADVANCE

Dear Sir,

In the recent past, Many NRI holding companies are pumping funds to their indian subsidiaries(?) in the form of share application money.

These Indian companies are utilising these funds for making investments/ acquiring assets and/or for day to day business purpose.

Is share application money can be utilised for above said purposes? If so, under what sections of companies act/ fema?

Please explain?

we are partnership firm, and one of the partner had given donation to aids cure center pls tell me under which head should i put donation, one of the accountant is of view that it will come under indirect expenses but i knw its wrong, is it drawings, pls let me knw the proper group and heading for ledger


thanks

sir / madam

can you tell me the treatment of tooling advance in books of accounts and tax