I WOULD LIKE TO KNOW THAT WHAT TYPE OF ACCOUNTS ARE KEPT IN A HOSPITAL? ALSO I WOULD LIKE TO KNOW WHETHER A HOSPITAL BEING
NON-PROFIT ORGNIAZATION ARE REQUIRED TO DO THEIR ACCOUNTS AUDITED YES OR NO AND REASONS THEREOF?

do we really need to study IndAs when IFRS has come.

Is IFRS applicable for may 2012 examx????

IF DURING A FINANCIAL YEAR IF IT IS FOUND THAT A PARTICULAR JOURNAL ENTRY HAS NOT BEEN RECORDED IN THE COMPANY'S BOOKS OF ACCOUNTS AND THE ACCOUNTS ARE ALREADY FILED FOR TAX AUDIT PURPOSE, IS IT POSSIBLE THAT DURING NEXT FINANCIAL YEAR A RECTIFICATION ENTRY CAN BE PASSED & THE MISTAKE RECTIFIED IN THE COMPANY'S BOOKS OF ACCOUNTS?

hi sir/madam

in average due date it is said that its the date of settlement where both creditor and debtor dont loose or gain any interest.. can you explain the logic of loosing or gaining interest so that i understand the reason for calculating the ADD.

Thanking you

sirish

What is a deffered tax? & how it will
reflect in final accounts.

My query is how to do a a/c's payable reconciliation.

dear sir i received bill of service charge as on 28-sep-2011 of Rs. 10000 with service tax 1030 total amount is 11030,in tally how how we make entry,we received this party payment as on 12-oct-2011 how we make entri in tally when our service tax payment liability raise

The Trust does not have ownership of Land. It belongs to another trust. But the Trust has spent Lacs of Rupees on Consruction on that Land. Amount spent on construction over that land is shown as revenue expenditure.
My question is what is the duty of Chartered Accountant in such a case. How to acount for such expenditure.

Let me explain my understanding of a situation of importing and its AS - 11 implications:
1. The party has to pay the supplier in advance and this will be valued as per the exchange rate on which the payment has been made from the bank. for eg: paid Rs. 1,00,000.00 in advance to China
2. When the goods are imported the purchase has to be accounted on the basis of customs valuation. for eg: the customs valuation of the goods came to Rs. 95,000.00 only
3. The balance Rs. 5,000.00 is accounted in Foreign Exchange Loss and this A/c will be shown in the debit side of P&L A/c.
Now am i right in the above mentioned accounting entries?
Also, while preparing costing records, which amount should i take as purchase cost ? Rs. 1,00,000.00 or Rs. 95,000.00?