Dear Sir,

can any one help me regarding certificate course on IFRS through ICWAI chapter

as a semi qualified cost accountant & 3.5 years of articles ship experience do i get any edge with specialization on IFRS ( in india or at abroad )

M.P vijay kumar sir (accountants ) announced in class that IFRS may not implement in india or it may take long time to implement in india. i.e more then 4-5 years.

what to do? shall i join the course or not?

plz help me in this regd.



thanking you

PHANISH GOLI

Sir,

We are paying the Rent Rs. 21735/- per month.
For one month how much we have to deduct & the percentage I need.

I am working as a consultant taking Rs. 8,000/-. How much is the deduction.

sir
I sanjay speaking. I want to know about the expenses to be taken in the business of investment and sale of property. Kindly advise. Kindly give the detail of expenses. It is urgent.
thanks and regards
sanjay

Hi,
Please advise - Is it required that the Final Accounts of non profit religious institutions such as churches should be closed at a year ending date such as 31-12-2011 or FY - 31-03-2012.
If the previous year closing was done on 15/01/2011, then is it required that the next year closing should be done on 15/01/2012. OR Is it compulsory to close accounts at a year end such as 31/12/2011 or FY- 31/03/2012. Please advise.

Dear Experts,

We have charged one of our debtor towards compensation for cancellation of purchase order from him.

We have raised normal sales invoice for this.

My query is, whether this will be sales or other income?

Thanks,
Regards
Sushil.

what is the difference between bills receivables bills payable and accounts payable
bad debts are shown on which side in party account
sundry creditors show which balance?

please help

My friend holds two residential properties. Out of this he wants to sell one residential property. He has already purchased a new property 5 months back. Will he be eligible for exemption under sec 54F ?

Dear, sir

What will be the accounting treatment of purchase of Tally software of Rs.11,500?



Regards

Ajai Kushwaha

Dear Expert,

I had a query.

A company X invests Rs.100 in company Y. X takes over Assets (Rs.100)& Liabilities (Rs.50) from Y. Net Assets taken over is Rs.50. So will the balance Rs.50 (paid Rs.100 & Net Assets Rs.50) be treated in his new company as Goodwill as per the entry below?

Assets Debit Rs.100
Liabilities Credit Rs.50
Goodwill Debit Rs.50
Share Premium Credit Rs.100

Kindly advise if other than Goodwill any other entry is an option. Because if we bring in Goodwill same will be subject to Amortization.

Thank you in advance.

Aroop Datta

Hi,
If we purchase the furniture costing below 5,000 in the 1st year of operation, then can we capitalized the same or we have to write back as 100%.

Is there any opinion of Institute on the said issue?