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

In case of BOT Road project:
PBT: A
Add: SLM Dep B
Less: WDV Dep C
Taxable Profit: (A+B-C)
Pls explain the logic behind once adding dep and then again deducting it.

Dear Expert
Good day and greeting
As we are manufacturer of corrugated boxes .
When we are sending goods to our customers some time they reporting shortage of goods , this may be either due to counting mistake or goods sold by drivers during transit .
My queries is that either we can show this as loss in transit or goods pilfered in transit as debtors are ,making payment after making adjustment for the same .
Is it is admissible expanses as per Income Tax Act .
Further sometime goods were rejected on ground of inferior quality how we accounting for that .
Your valuable advise on the above mentioned matter will be highly appreciated by me

Thanks

1.Preliminary expenses of Rs.75,000 are incurred for incorporation of company in FY 2008-09 what entry need to be passed ?

2.Whether the whole of expenses to be charged to P/L or can only 1/5 is to be charged to P/L & remaining is to be shown in B/S?

Dear Experts,
pls. suggest me procedure & steps for outward remittance.I want to make payment against import of goods for resale.

Hello, I had a query on Goodwill -

In case of a taken over company with Goodwill is it a must that we make an Amortization (AS26) or is it enough if we do an impairment testing (AS28).

Kindly help to clarify.

Thanks a lot in advance.