Dear Friends
Can anybody clafy this?
We had opended a site L/c on 01st May 2011 for importing a machinery. On 1st July 2011, we received documents and we paid an amount of USD 1300000 @ Rs. 46/-. On 31st July 2011, the machinery was installed and capitalised in the books @Rs.47. Whether it is proper to calculate the Exchange difference between Rs.47 and Rs.46?Else we need to consider date of shipment date or Date of Bill of Entry or any other date?

In another case, we have availed Buyers Credit on 01July 2011 for One year. On 30th June 2012 we have paid Buyer's Credit @ Rs. 46/-. How the Exchange differences should be considered?

Dear All Experts

please give me valuable solution.

My boss want by me the calculation of Cash Credit Bank A/c Interest Calculation Day to Day how much he paid to Bank.In bank statement its show at the end of month,but my boss want day to day detail of interest,any solution in excel and tally format.

Warm Regards
Arshad

Can we use the pencil in ipcc papers to draw up T-shape A/Cs...???

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Sir,
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are these reserves part of the shareholders fund
1.capital reserve
2.capital redemption reserve
3.revaluation reserve
4.sinking fund reserve

what are the possible treatment for outstanding liabilities of the current year in the beginning of next year?