The manufacturing company has given its building on rent.As per income tax act depreciation can not be claimed as the building not in use of company business.

Under companies act, Can we claim depreciation in books of accounts?

We if claim then liability towards MAT will reduce.

Please suggest.

Dear All,

I'm currently working in a newly established Fruit Processing Company.We are in a bulk business of processing various fruits.Our finished products are Fruit Pulps ,juices & concentrates.We want to prepare a cost sheet of our Finished products.Pls guide me about the preparation of detailed cost sheet.

when we issue shares to promoteres then we debit goodwill account means creating goodwill. What are the provisions of AS 26 about this kind of goodwill. Is it consider as internaly generated goodwill and not going to disclose it in balance sheet. Plz tell me the treatment plz !

kindly provide guidence on the following question:-
1)if accummulated depreciation equivelant to cost of the assets than it is necessary to take W.D.V Rs. 1

2)it is necessary to equivelent W.D.V as per company law and as per income tax.

3) if any have any suitable formate kindly provide.

Regards
Akbar

what is death stock
what is unforseen liability
example for unforseen liability
difference between contignet liability and unforseen liability

sir,
in a pvt. Ltd. firm on of the director purchase a car on loan and and repayment mad e from companies a/c so please suggest me whether this transaction right or wrong suggest the same for accounting

DEAR SIR,

I AM DOING ICWAI INTER. I HAVE TAKEN SUKHLA & GRAVEL BOOK FOR FINANCIAL ACCOUNTING. ANY OTHER RECOMMENDED BOOKS FOR THIS SUBJECT? AND CAN U PROVIDE ANY MATERIAL REGARDING PARNERSHIP , INCOME&EXPENDITURE COMPANY ACCOUNTS & OTHER TOPICS?

Dear Sir, please explain me the difference Between Capital employed & Net worth

Sir,
Please attach an excel file contains Balance Sheet & Profit & Loss account for traders,firms in horizontal forms

Thanks & Regards in advance

Hi, M a accountant in a jewellery showroom.
We have a coustomer who make apayment Rs. 1,20,000/-. He want issue the bill in his name but payment made from Credit card of his friend. So, please suggest wat to do..