Can anyone explain me the reasons for not recognizing internal generated good will?

Please can any one advise on the journal entry for proposed dividend at the time of closure of books and then declaration of Final Dividend and payment thereof.

Should it be as below:

At the time of closure of books

Profit & Loss A/c Dr.
To Proposed Dividend (liablity)

On the date of AGM when final dividend declared

Proposed Dividend Dr.
To Final Dividend Payable

At the time of payment

Final Dividend Payable A/c Dr.
To Shareholders A/c

Shareholders A/c Dr.
To Bank A/c

Thanks in advance.

Dear's

If Forex Loss due to purchase of machinery from USA.

Pls. Give A Entry and above loss can a take a part of capitailisation.

Kindly Advice To Me.
------
Thanks
Arun

Kindly tell me TDS refund entry received from Income tax department for f.y. 2009-2010.

AS13 says that carrying amount of Long Term Investment usually at Cost, or
if there is decline in value of investment which is not temporary, then carrying amount of investment is reduced by the amount of such decline.
My doubt is if there is an increase in value of investment after 1 year of purchase of such investment which is not temporary, then what would be the carrying amount of investment for the purpose of Balance sheet?

please tell me the difference between demerger and amalgamation????????

Dear Sir,
my company is manufacturing co. and exporting its product to various countries. Co gets advance licence on which co. imports it raw material and then export.The accounting followed is that when import is done license expenses are debited in Profit and loss and credited to advance licence on hand account and when export is done incentives are booked as part of sales and advance licence is debited.My query is whether this accounting is proper or incentives or obligation should not be booked as it is contingent liability. please suggest me if any other method can be adopted as it is affecting profits of the company?What does accounting standard says?please it is urgent. thanking you in advance.

Daer All,

We imported a Ready to use Machinary, for which seller has a precondition of opening LC. Can we capitalise the LC opening charges as cost incurred for bringing the assets into its present condition???

Please suggest me corect treatment and why??

Regards
Prasanta.

how to do stock valuation of stainless steel manufacturing company as on 31/3/2011 pl inform immediately

DEAR SIR,

PLEASE HELP ME TO GET THE EPF ANNUAL RETURN SOFTCOPY.

THANKS
ARJUN