Dear Experts,

Before, incorporation of a company, some expenditure has been incurred, in addition to normal preliminary expenses like preparing MOA & AOA etc.

What is the Accounting Treatment ?

What is the compliance requirements under the Companies Act ?

Kindly favour with your reasoned reply.

Rgds,

SL Naik

PVT LTD COMPANY GAVE ITS CAR FOR SERVICING.SMALLER PARTS OF DIFFERENT VALUES LIKE 500,1000 ETC WERE DAMAGED WHICH ACCUMULATED TO TOTAL DAMAGE OF 11000.COMPANY CLAIMED INSURANCE AND GOT RS 9000 .WHAT WILL BE ITS ADJUSTMENT?WILL IT AFFECT ITS CAR VALUE IN BOOKS(PARTS ARE OF IRRELEVANT VALUE AS STATED ABOVE)?WHAT WILL BE ENTRY PASSED FOR INSURANCE CLAIMED AND AMOUNT RECIEVED?

PVT LTD COMPANY GAVE ITS CAR FOR SERVICING.SMALLER PARTS OF DIFFERENT VALUES LIKE 500,1000 ETC WERE DAMAGED WHICH ACCUMULATED TO TOTAL DAMAGE OF 11000.COMPANY CLAIMED INSURANCE AND GOT RS 9000 .WHAT WILL BE ITS ADJUSTMENT?WILL IT AFFECT ITS CAR VALUE IN BOOKS(PARTS ARE OF IRRELEVANT VALUE AS STATED ABOVE)?WHAT WILL BE ENTRY PASSED FOR INSURANCE CLAIMED AND AMOUNT RECIEVED?

hey i m an ipcc student and this is a query regarding as 2 'valuation of inventories'
the sum is
y ltd purchased 500 raw materials @ Rs 150 per unit gross less 10% trade discount sales tax is chargeable on the net price. the excise duty on product is Rs 12 per unit against which MODVAT can be claimed .The company spent Rs 1000 on transportation and Rs500 on loading and unloading . Calculate the cost of purchase of raw materials
please help me solve this asap... thank you!

If office building is to be capitalised under the category of Non factory building or office Building, then what about the heavy equipments installed for such building i.e. like Heavy DG set, Heating ventilation and water treatment plant, water chillers, Lifts etc. Under which category should these assets be capitalised.
1. Plant and Machinery
2. Electrical Equipments( DG sets)
3. or any other category,

A building constructed by the company for office purpose but is also used for manufacturing of sample products. I want to know if complete building will be capitalised under category Non Factory Building/Office Building or we have to proportion it under factory and Non factory Building.

Dear Sir,

Can you suggest me what is the maximum limit elegible for rebate on Higher Education other then educational allowance.

Thanks

iam working in an export firm . i want to know journal entries for foreign bill purchase ,entries for packing credit loan , related entries for current a/c etc

A Propritor has purchased A.C. Rs.26000.00 and its installed at his Home.

his Prop.Shop is not in his home its away from his house.

Can the Air Cond A/c capitilised as fix asset OR Shown to Drawing.

Please Reply.

Hi,

In Feb-11month in our office fire accident is happend and some worth of Rs.25lakhs servers burnt and not usable of those servers, can u explain how to treat accounting