Pls give me updates on IFRS implementation in india. Comapny categorywise.

Thanks

Dear all,

done a contrect Rs. 6,90,000/- for termite control in current year and we paid 80% of current year.rest 20% paid in next two year.(as a security)

Now how much amount book in current year eatiher 80% or 100%.

Thanks

Vishnu Aggarwal

What is the meaning of Shadow balance in banking term.

Someone transfer from his account some balance then his account was showing shadow balance?

What is this?

Whether 3 days grace is allowed in case of promissory note or not like Bills of exchange???

from which site can i get the forex rates[as per rbi] as on 31/3/2011 for compliance of AS 11

1 ) if a firm was purchased a car of rs 1900000/-, same loan from sbi of rs. 1900000/- as on 23/08/2011.of 12 instalment,
instalment is Rs. 165278 ( prin. rs 158334/- & int is rs. 6944/- ) firm has paid 7 instlment up to 31/03/2011. and in firm b/s shows RS. 791670/- ( prin o/s RS. 158334*5 instlment)..now iffect of interest of RS 34720 ( 6944* 5 month inst) is shown in balance sheet or not?
please giv reasn.

2) in p&l a/c only 7 month interest is debeted or full 12 month int is debited?

Whether 3 days of grace will be allowed or not in calculating the due date of a Promissory note??

hi,
plz answer my quaries regarding trial balance
(1)why we dont take general reserve etc in trial balance?
(2) why only opening stock is taken in trial balance and not closing stock?
(3)if bonus shares are issued by the company then what is the ststus of it in trial balance.

hello,

i want to know about the capitalisation of plant and machinery.

my query is that there are various palnt and machinery purchased and end of the F.Y. the company could able to start only few palnt and mahchinery.
and there is capital expenditure on pipe line for the whole plant and machinery.

so my question is that whether capital expenditure on pipe line should be treated as separte asset or whether it can be transfered to various plant and machinery?

Hi,

Our company has recently opened Branch office in Singapore.

Untill now Accounting Standard (AS) 17 Segment Reporting was not applicable since Companys operations consist
of providing Software Development and IT enabled services to company offices located at USA,UK,Japan i.e. within Group.

I just wanted know whether Accounting Standard (AS) 17 Segment Reporting is applicable due to Branch office in Singapore.