Pls. help me in preparing the cash flow from the following figures :-
Rs. (in lakhs )
Net Loss (1076.79)
Depreciation for the year 581.61
Interest income 236.65
Interest Expense 11.45
Current assets:- 31.03.11 31.03.10
Inventories 190.52 343.15
DEbtors 46.48 81.60
Cash & Bank 2212.70 2989.57
Loans & Advances 429.37 225.81
Interest Accrued 126.39 76.58
Current Liab. 1748.07 1957.66

hello sir,
I have a trouble with regarding the understanding the IND AS.
My query is while transition of IND AS is there any impact on the profitability of organisation for the year in which transition took place

what do you mean by deferred tax liability and what is it acoounting treatment. how it is different from tds.
pls. also explain the accounting treatment of tds.
what is treatment of advance tax.

Hi Experts

How to calculate gratuity ?

hello
i waz doing profit prior to incorporation
i couldnt get the proper answer for ''DEBENTURE INTEREST''
i mean the ratio in which it should be calculated
plz reply anyone who knows the answer
thanx

I was overcharged by my party in a bill whch cannot be cancelled.. now to nullify the effect I will issue him Debit note..what eill be the accounting entry...

In previous year Audit report one asset is shown as Fixed Asset but it's nature is current.How will treat in current year audir report.

What what things we have to see regarding handling the loans of private company from financial institution???

DEAR EXPERT,

OUR FIRM IN CONSTRUCTION INDUSTRY. WE AVAILED SERVICE OF ARCHITECTURE FOR A PROJECT AMOUNTING TO RS 500000/-. BUT THIS FEES IS FOR WHOLE PROJECT. THE PROJECT IS LIKELY TO BE COMPLETED IN THIRD YEAR.
ARCHITECTURE HAS ISSUED A BILL OF RS 500000/-.

SHOULD WE BOOK THE BILL OF RS 500000/- AND DEDUCT THE TDS ON WHOLE?
OR

PROPORTIONATE BILL AND PROPORTIONATE TDS HAS TOBE DEDUCTED

PLZ GUIDE

sir,

In respect of my client where he is giving a performance guarantee to the govt dept but there is no default in performance made by them so in that case can he shows that bank guarantee as current liabilities. and same way can he show the person to whom the Guarantee given as debtors
please reply