Dear All

I have my Final due in May 2013.Just wanted to clarify the applicability of IND-AS and whether they would be applicable for Our Exam or Not???

Please respond in this query on an earlier basis so may schedule my classes accordingly

Many Thanks
Utkarsh Garg

CST and VAT Tax Rate Details

An indian listed co. has a 100% foreign subsidiary.Whether the parent co. is required to prepare consolidated financial statements for the purose of limited review of half yearly period???

sir when in contract accounting, when the contract is not fully complete,then potion is crefited to P and L and other to reserves. How will be that reserve treated in future?

I am an enginnering student working in bank.I have to write exam in ca.I heard online classes are available.Anyone plz help me out

In capitalization amount of the fixed assets, whether insurance charges on the assets should be included or not?

Also, if buyer is fisrt stage dealer and not a manufacturer then whether exice duty of the fixed asset should be included in capitalization amount or not?

HOW TO RECORD COST PER UNIT IN TALLY ?

DATA- FACT
a busineesman is engaged in book business.
he is purchaing exclusive right book from foreign on big consignment.
cost of purchase per book-225
no of books:-25000
freight charges 10 lac
clearing & forwarding charges on above consignment :-1 lac

from above e g which cost to be recoreded per book .
pl tell me the journal entry

Sir,

We have made the provision of Rs.100.00 against the work done and not billed by the contractors in the FY 2009-10. But the actual is finally determined in Rs.80.00 in FY 2010-11.

In P&L A/c for the FY 2010-11, Whether the excess provision of Rs.20.00 shall be deducted from the Current Year expenditure or to be shown otherwise.

Kindly resolve my query.


Regards,

Sai krishna

suppose a co. is dealing in manufacturing of fertillisers and for that a "pipe" of special specification is required which gets totally used in the manufacturing of that fertilisers, so the co. imported those pipes suppose at a price of rs. 10 lacs as those pipes of same specific technical specification were not available in india at that time,but after certain time those pipe of same technical were available in india at a price of rs. 7 lacs..now the co. wants to value those pipes..as these pipes are treated as inventory..now my query is that at which price these pipes will be valued at the year end?..

Hello every one,

i want to know that there is any facility in tally to freeze data,
i mean if i want to freeze data of aprl to sep so what to do....