If as on 31.03.2010

W.D.V , Depreciation
As per Co Act 490288, 86502


As per IT Act 495304 , 89390


OB DT ASSTS as on 01.04.2009 Rs. 242/-


WHAT AMT PROVISION TO MAKE (WHETHER DTA OR DTL )FOR

PROFIT AND LOSS A/C AND what will be WDV AS ON

31.03.2010.

Kindly explain me the areas where there will be main impact of Exchange rates while making accounts for enterprise having export&imports..
for example if a company having business in Singapore buys from Europe and USA- Company will account in SGD(Singapore dollar but payments will be according to specific currency of the party..
So it will show difference in ledger because of exchange rate..
Kindly explain impact and advantage

what are the tips for studying accountancy? PLz HELP

my co has purchased certain fixed assets from china. Cost was $ 500000. We paid 30% in adv. and balance 70% was paid through LC after 3 months. pls explain how to account for these entry. at what cost asstes shoudl be capitalised as rate of $ was changed at each transaction day.

DEAR SIR/MADAM,


KINDLY ADVISE ABT HEDGING PROCESS


THANKS


UMESH PATHAK

Hi All,

MR X transfers goods to MR Y , both are brothers, Can we treat the goods as purchases in Mr Y s books or How the entry should be in tally ?

Dear Experts
Review this Thread and Let me know how to treat Depreciation on Revalued assets
To my Knowledge

AS per AS-6 " Depreciation Accounting"
The amount of Depreciation is Calculated on Historical Cost or the other amount in place of Historical Cost like Revalued Amount

So, the depreciation should be charged on the basis of revalued amount and the same will be debited to profit and loss account

But A disclosure should be made for effect of revaluation of fixed asset on the amount of depreciation in subsequent years

Here is thread
https://www.caclubindia.com/forum/details.asp?mod_id=167777&offset=1

we got a hotel bill of Rs. 52000/- against our staff lodging bill. we book the same hotel every time for the marketing staff stay.

whether tds applicable on this amount or not.
if applicable what is the percentage.

from april 2011 onwards, for the same hotel we paid an amount of Rs.63546( excluding above amount)

Please clarify my doubt?

thanks in advance

Is it is mandatory to transfer Profit after tax to partners Current account . can it be shown as reserves.

Partnership deed states only profit sharing ratio to partners but does not state transfer of profits to capital account.

Plz Help....

Dear Sir,Very Goodafternoon.

1:Please,tell me the treatment of following and suggest the ICAI Guidlines specifying their treatmet.

Example:Pavillion Fund Rs.4,00,000
Pavillion construction in progress Rs.3,00,000.

2:Sir,what is the logic of calculating Average Capital Employed and which of three suggested methods is rightly used?