Sir,

I am working for a software company, wherein they do not have any income, they get funded by their parent company to take care of salaries & opeational expenses, how do we raise the invoice to the parent company,does it invoice taxation also,,,,,,if so. I request you to provide me the sample/format of the invoice.

Regards

Shashi prasad

Dear sir/Madam
i want to know that what will be accounting entries for custom duty paid on importing of a machinery .
Either it need to be capitalized .or it will reflect in profit and loss account .

As per my understanding whatever credit we will get for cvd is our asset and should shown in asset side of balance sheet .

And actual amount paid for custom duty need to be capitalised . But again a question struck in my mind . After capitalising custom duty we will calculate depreciation on custom duty also . It will be just like write off of depreciation .
Either it will be allowable under Income Tax Act .

with thanks

sir

i Had passed MBA finance in Sikkim manipal university. I want to join course of master in finance control . Please confirm me university of this subject door distance

Is revised schedule VI applicable for CA final November 2011 exams? If yes, pls do send the link from where i can avail the same. Thanks

HOW SHOULD THE INTANGIBLE ASSETS BE TREATED???? SHOULD IT BE TREATED LIKE THE ORDINARY ASSETS ITSELF OR SOME OTHER WAYS???? example: goodwill a/c while the admission of a new partner EXPLAIN THIS WITH AN EXAMPLE AND JOURNAL ENTRY AND PLEASE EXPLAIN THE JOURNAL ENTRY TOO...........PLS........THANKING U IN ADVANCE!!!!!!!!

sir please suggest me.........accounting treatment.

Q.leasehold land shown in trial balance debit balance Rs. 20,000.
adjustment,
leasehold land was purchased during the year.on the date of purchase the unexpired period of lease was 5 years.

What is the rate of depreciation as per schedule XIV of the companies act for a continuously processing plant..?

if cashwithdrawl entry is omitted by us in regarding month, how can i rectify this entry in next month?

for exam.

cash withdrawl on dt. 02.08.11 was on posted in Aug.-11 and month is closed.

what is the solution?

Dear Expert,

How to calculate Net Worth?

Hi

We have purchased computers on a theree year warraty and the total cost incurred is capitalized at the time of acquition. After 3 mnoths of capitalization, we have taken additional warranty for one more year and we have paid Rs. 741216 towards extended warranty. Whether these charges to be capitalized or expensed?