pravin
24 September 2011 at 09:51

Credit card payment

many of customers amount paid through the credit card, how to maintain in tally the entry of payment through credit card



Anonymous
24 September 2011 at 00:34

Accounting standard 22 - deferred tax asset

Is it true if a comapany makes loss,it should create deferred tax asset? evenif there is no timing difference arising out of Depre & Disallowances ?



Anonymous

cumulative loss is greater then loan+ capital so sources of fund is negative.net current assets is negative and which is more then fixed assets so application of fund is also negative.
CAN WE SHOW THE NEGATIVE FIGURE IN SOURCES OF FUND AND APPLICATION OF FUND IN THE AUDITED BALANCE SHEET.


Lakshmanan Velu

Dear Sir/Madam,

We have purchased the home furnitures items (such as Cot, tables, sofa, curtains, air conditoner, washing machine, fridge) on Sep, Oct and Nov, 2009. Now we would like to sell that items. How can we find the selling price of all the items? At what price will we sell?


CA Hanuma
23 September 2011 at 13:42

Shedule vi

where i should show mis. exp like preliminary exp not written off in revised schedule IV



Anonymous

please let me know if website development isa capital expenditure and we can charge depreciation on it?

If yes, then at what rate Depreciation be Charged?



Anonymous
23 September 2011 at 12:38

Inventory valuation

What are the methods of inventory valuation generally used by companies?



Anonymous
23 September 2011 at 12:35

Cash flow from operating activities


If company's cash flows from operating activities are positive then what is meant by that?



Anonymous
23 September 2011 at 11:58

Query regarding as -20

i want to know in case of a pvt. company where there is a loss is it necessary to calculate EPS ?



Anonymous
23 September 2011 at 11:57

Amalgamation as per as-14

Sir,
'X' Company is going to be merged/amalgamated with "Y" Company. In the balance sheet of 'X' Company the following amounts appear :
Liabilities Assets
Share Capital 100000Fixed Assets 130000
Free Reserves 50000Current Assets20000
Capital Reserve 20000Misc.Exp. 30000
Current Liabili. 30000P & L Account 20000
------- -------- 200000 200000
------- --------
Share capital to be issued by "Y" Company as against purchase consideration is Rs.150000 . Please tell what are the items to be taken for calculating Purchase consideration under net assets method?

Thanks in advance,
C.Rao






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