1.AS-2 Valuation of inventory :
company borrow money for working capital. can this borrowing cost include in inventory ?

2. can company follow cash system for income tax ??

3. can professional persona prepare books of a/c under cash system . follow as? or not?

4. AS-25 interim financial report is only applicable to enterprise prepare quarterly result ??

My CA Final attempt is due in May 2013.
please tell me that IFRS will be applicable for my attempt or not ?

An order is received in the month of April for a particular commodity. The sale price is realised in the month of June. The commodity is transferred in the month of May. Money will be deemed to have been realised in the month of May and not April to June.
.
Can anyone explain this concept to me.?

my query is i am filing our etds return with software saral tds i filed return for 2010-2011 in that 1 challan paid late example payable date is 31/3/2011 but i paid 27/09/2011, i filed return whatever i paid before march 2011 challan matching except that late challan still shows mismatch pls help in this matter

Our client sells car-insurance policies. The company gives 4% commission on policies sold. I want to know that what journal entry is to be passed, because there is 2% deduction of TDS, and also, 10.3% Service Tax element. How to pass the journal entry for TDS and Service Tax Element?

For example, policies sold, and its 4% is1,40,000 and 10.3% Service Tax is14,420. Total is1,54,420.

Of this1,54,420 TDS of 2% is 3088, and net amt receivable is1,51,331.

Anybody please tell me, how to pass journal entry for it. Thanks.

Hi sir,

Can you please explain what is a debit note when seen from accounts payable?

and when should an entity recieve or raise a debit note.

Hi,

Our co. has taken a land on lease for 12 years. Co. has incurred Rs. 5 lakhs approx on the filling of land and other land improvement cost. Apart from the above monthly lease rent of Rs. 30000/- is also being paid by the co. What should be the treatment of above expenditure of Rs. 5 lakhs? Whether this should be taken as fixed asset in the books of account or shall be written off over the lease period. If it is to be written off please tell that the balance portion shall be presented under which head in the balance sheet?

Looking forward to an early reply from all.

can you please tell me how enter voucher in tally regarding imported fix asset (machinery)
& how much take custom duty & excise please brief with figure???????????

sir,
(1) what is the main and exact difference between acts and rules?

(2) when shares originally issued at discount and re-issued also at discount, then what will be the journal entry for this situation at the time of the re-issue of shares and why?

Please explain Deffered tax Assets & Deffered tax liabilities.