hello

one company not started commerical activity and hence profit and loss a/c is not prepared. i have capitalised all expenditure and grouped as expenditure during construction period.. but i come to know that icai has withdrawn this guidline.. so wht i can do??

can i grouped under expenditure during construction period is correct??

so i grouped under pre and pre exp??

as per guidline

plz help me??

An old machinery (worth Rs. 84000) exchanged for a new machinery (worth Rs. 324000) by XYZ ltd payment made 256000
what will be the journal entry for this

SIR/MADAM

I WANT 2 KNOW THAT IN AS-13 (INVESTMENTS)UNDER THE HEADING RECLASSIFICATION OF INV. IT WAS WRITTEN THAT

a.WHEN LONG TERM INV. R RECLASSIFIED TO CURRENT INV.THEY R VALUED AT LOWER OF COST & THEIR CARRYING AMOUNT.&

b.WHEN CURRENT INV.R RECLASSIFIED TO LONG TERM THEY R VALUED AT LOWER OF COST & FAIR VALUE.

PLEASE EXPLAIN THIS.
I KNOW THAT INVESTMENTS R CLASSIFIED INTO 2 i.e CURRENT & LONG TERM.

PLEASE HELP.

Dear Sir/Madam

Consider the following data pertaining to a company for the month of March 2005:
Particulars `
Opening stock 22,000
Closing stock 25,000
Purchases less returns 1,10,000
Gross profit margin (on sales) 20%

The sales of the company during the month are
(a) Rs.1,41,250
(b) Rs.1,35,600
(c) Rs.1,33,750
(d) Rs.1,28,400.

ANS: Rs.133750.

Please tell how to calculate?

can anyone clear me section 295?

Dear Sir/Madam,

Consider the following for Alpha Co. for the year 2005-06:
Cost of goods available for sale Rs.1,00,000
Total sales Rs.80,000
Opening stock of goods Rs.20,000
Gross profit margin Rs.25%
Closing stock of goods for the year 2005-06 was
(a) Rs.80,000
(b) Rs.60,000
(c) Rs.40,000
(d) Rs.36,000.

ANS: Rs.60000.

Please tell how to calculate?

49. A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs 100000. Repairing expenses Rs 10000, printing expenses Rs 10000. B sold it at 20% margin on selling price. The sales value will be:
(a) Rs.125000
(b) Rs.150000
(c) Rs.100000
(d) Rs.140000

ANS: Rs.150000

Please tell how to calculate?

Please guide me in respect of Derivative Accounting that for MAY-11, which method is applicable.

Whether a traditional accounting prescribed before introduction of AS-30,31,32 or specific method suggested in AS-30,31,32.

plz tell the difference between cash flow statement & fund flow Statement

M/s XYZ Pvt. Ltd. receives the purchase bill dated 21.08.10 but the purchase entry is passed on 31.10.10. The accountant explains that they record the bill once the payment is made. Is this method correct? If not, then what is he correct method? Please explain.


Thank You,
Regards,
Devendra Kulkarni