One PSU has transferred some assets/money to another PSU under corporate social responsibility whether assets/money received by another PSU will be covered under AS-12 Govt Grant and what will be the accounting entries of assets/money in the books of the receipent PSU.

Thanks

treatment for business creditor directly paid by proprietor not brought into books

can some1 plz refer me sites for ca final nov 11 attempt on the topics of developments in financial reporting, valuation.....as i m doing self study!!!!!!!!!!!!!!!!

how can i prepare bank reconcilation in a better way

We are getting Raw materials from X company and will send to Y company for job work.
Finally will get finished products from Y company.
Is there any TDS deduction to be deducted on job work, if it is what is the percentage & the minimum value of the Principle amount?

These transaction is happening last 6 months and so far we have got 4 consignment from Y company.
Finally, is any other transaction are there to avoid to pay or change the JV ?

Dear Sir,

Our company constructing a steel manufacturing mini plant. In case of capitalization, every thing is o.k. But if I come to Civil Works expenditure, how to capitalize these civil works expenditure asset wise.

Present we are just debiting expenses to like total cement cost, total steel cost, total labour expenses etc. How to divide these expenses asset wise.

I am thinking about three options. But I dont know which one is correct option.

1) Debiting total expenditure to a particular asset (i.e., cement, steel, labor, sand etc.) After completion of plant dividing these total expenditure asset wise based on estimated cost.

2)Debiting expenses to particular cost a/c (cement), after getting data from Civil Works department, passing a Journal Entry EX;-
Asset A/c Dr.
To Cement/Steel A/c

3) Capitalizing at the time of purchase itselt, based on estimated/actual cost.
Ex:-
Building 1 A/c
Building 2 A/c
Foundations A/c
To Cement Supplier A/c

But the 3rd option is not possible in actual time.

Sorry, if there is any confusion in my explanation said above.

Thank you all,
Swamy

Respected Sir,

Our's is private ltd. co.
we have paid dec 2010 salary on 7th jan so when is quarterly tds return to be filed on 15th jan date or 15th may due date
sir we have filled tds challan before 7th feb 2011 & 15th jan due date has already gone so we have to file it now as late return or on 15th may 2011 due date
please provide me guidance

please help - i have a client who has mad e some share transactions and i have put down in tally accounting software 9. i want to know how to correct accounting of share transaction in tally 9. i have generated shares as quantity detail and made sales and purchase entry but i am dissatisfied of that entry please tell or teach me how to enter correctly. if any answer and want to sent me my email id is mjsolanki74@yahoo.in

Sr,
Please suggest me the accounting way to follow and things to keep in mind while accounting for small construction companies in Tally 7.2 considering 194C and 194I for hiring of machineries as i am confused in maintaining the Advance accounts of contractors and to keep a good internal control on it through Tally software
Please guide me for the same

can anyone plz tell me machine maintenance exp including maintenance material are direct expense or indirect?