My ca final due date will be May 2013.I want to study finacial reporting accounting standard but most of my senior brothers tell IFRS will be applicable at that time. If you read AS then you will totaly confussed when you read IFRS.

Give me adequate sugession so that prefer that one which you suggest.

Thank u in advance

What is the Nature of Debit Note and Credit Note,Who Will Issue the both?

What is the A/cing entry for Purchase of Fixed Assets less than 5000 Rs.

If We purchase Fixed Assets during the year more than 1 time and Amt.is cross the 5000 entry than what entry should be passed in the books of co.

DEAR SIR
WHAT IS THE NATURE OF IMPREST ACCOUNT HOW IT IS TRANSATION PASS, EXACT MEANING & SHOW IN ACCOUNT


CA VIVEK SHARMA

SIDHI(M .P)

M.NO 09425179400

Dear All,

what is the entry for work inprograss. i want details explanation for the entry. if it the entry is passed where it should be affected Bal sheet and p&l ac

DEAR SIR,

I AM WORKING IN CONSTRUCTION OFFICE . I HAVE SITE AT OTHER PLACE. STATUTORY PAYMENT ARE ALL MADE FROM H.O. WHAT IS THE ENTRY I AHVE TO WRITE. UNDER WHICH HEAD I HAVE TAKE THESE MOBILISATION ADVANCE, LABOUR CESS VAT ETC...

DEAR SIR,

IF WE WITHDRAWAN CASH FROM BANK WHICH VOUCHER WE HAVE TO WRITE. BANK RECEIPT VOUCHER OR CASH RECEIVT VOUCHER AND IF WE DEPOSDIT THE CASH IN TO BANK WHICH VOUCHER WE HAVE TO WRITE CASH PAYMENT VOUCHER OR BANK PAYMENT VOUCHER. PLEASE GIVE THE ANSWERS.

Dear All,

Kindly clarify the below query.

For salary calculations number of working days is considered. For calculation of reimbursements like LTA, Medical Reimbursement is also based on number of days worked or it will be credited to employee salary fully.

SINCE WE ARE PROVIDING WAREHOUSING SERVICES AND IN THE FINANCIAL YEAR 2010-11 AN ADVANCE AMOUNT OF 17500 RECEIVED FROM OUR CLIENT WHICH WAS DIRECTLY BOOKED INTO THE WAREHOUSING INCOMES INSTEAD OF ADVANCE RECEIVED FROM PARTY FURTHER WHEN THE SERVICE COMPLETED THE FINAL AMOUNT DID NOT ADJUSTED WITH THE ADVANCE AMOUNT RECEIVED AND FULL PAYMENT AGAIN RECEIVED FROM THE CLIENT IN THE FINANCIAL YEAR 2010-2011 ITSELF. NOW IN THE FINANCIAL YEAR 2011-2012 IT IS COME TO OUR NOTICE AND THE EXCESS AMOUNT OF 17500 IS TO REFUND TO THE PARTY.
SO PLEASE CLARIFY THE ACCOUNTING TREATMENT AND ANY TAX IMPLICATIONS IF WE REFUND THE AMOUNT IN THIS YEAR AS OUR CORPORATION HAS PAID 33.33% TAX ON SUCH INCOME.

Is it necessary for the holding Company to consolidate the accounts of its subsidary Company in its balance sheet?

If yes, then please send me the format of consolidated balance sheet

Thanks in advance.