how i can prepare cash flow statement pls provide me anyone cash flow file.
My email id is ajaydube2006@rediffmail.com

Y is it that at the time of retirement ,profit or loss on revaluation is not considered for goodwill calculation ?

X Ltd. purchased a machinery from america on june 15 for 1000$. the machine will start to put to use on aug.15. the payment will be due on dec.15. balacne sheet date is sept 30.
foreign exchange rate is
on june 15 $1= rs. 45
on aug 15 $1 = rs. 47
on sept. 30 $1= rs. 49
on dec. 15 $1 = rs. 51
i want to know the accounting entries made in the books of X ltd.
plz suggest the ans.

Dear Sir, Please give solution to me following case. A company gave Rs.100/- as gift voucher to employee and Rs.100/- cash as gift. both are accounted under gift or salary or staffwelfare. which is correct booking. will expect your reply soon.
Any provision regard this under IT Act.


Thanks & Regards
S.Raj

Dear i want know we r what show on Sales Tax in profit & loss a/c Direct Expenses ya Indirect Exp

Please send me the tips for finalization of accounts, including adjustment entries

could some one help me how to tackle with stock/asset repossessed .i mean wile preparing HP trading A\c at which value should the repossessed stock or asset should be taken.I'm getting damn confusion about it

If there is purchased goodwill in the balance sheet and then after admission of a new partner the partners further value g/w so self generated g/w shall be only what is now valued rite ? and total goodwill will be selg generated +already appearing in b/s ?

Sirs,

As-26 describer the Accounting treatment of R&D expenses as expenses incurred on research phase should be expenses as when incurred and expenses incurred on development phase should be capitalized by satisfying given conditions,and if it is not possible to classify the same then all expenditure incurred should be treated as on RESEARCH phase and charged to P&L a/c,

Then Any capital expenditure incurred for example, Plant and machinery purchased for R&D can be write off to P&L accounts.

According to the new fomat of Revised Schedule VI,under what conditions Inventories will be classified as "Other Non-Current Assets" ?