WIP VALUATION:-

INCLUSIVE OF raw material, consuable, power, and ........

WHAT ARE THE EXPS. WANTS TO ADD FOR THE PORPOSE OF CALCULATION OF WIP.

THANKS

we got bill of 60000Rs of professionl fees
we are giving them reimbursement of 2500
as ur expenses

so tds will deducted on which amt
57500amt or 60000

plz reply

HOW TO CALCULATE PURCHASE CONSIDERATION IN CASE OF

a.IN NATURE OF MERGER &
b.IN NATURE OF PURCHASE.

PLEASE HELP A.S.A.P.

A company was incorporated in 2009. There are 20 employees in the company as on today. They have not provided for gratuity till now. The obligation for payment of gratuity arises only after 5 years.

Is the company required to give provision for gratuity in the books. Do this need to be certifed by an actuary as per AS 15.

Please advice.

I have a debtors of Rs. 100 and for hedging this i took a forward contract of Rs. 150 due to transaction in normal course f business.

So wat will be treatment as per AS-11 on year end in books of A/c??

i always face the problem of DEBIT & CREDIT. give me example & concept of debit & credit so i wil never forget & mistake for debit & credit

what is intrinsic value

if balance in share premium and capital reserve account is 20000 at the time of acquisition of subsidiary shares and 50000 at the time of consolidation.

so my question is that whether 30000 will be considered as capital profit or revenue profit under AS 21.

please reply as soon as possible
Thanks

Active Asset Inc. owns a freely transferable taxi operators License which it acquired on 1st Jan 2011 at a initial cost of $10000. the usefull life of license is 5 years (based on date it is valid for). The entity uses the SLM to ammortise the intangible. Such Liscences are frequently traded between operators. At the balancesheet date on 31 dec 2012 Govt. permitted increase in fixed Taxi Fares. Hence the Traded Values of Such a license was revaluedas $12000 . Required:
a. Journal Entries on 31st dec 2012 to reflect increase or decrease in carrying value on the revaluation of the operating license based on the credit values of the similar lisences.

b. Also what would be the resultant carrying value of the Intangible asset after the revaluation.?

XYZ Ltd. purchases a debt Instrument with 5 years remaining to maturity for its fair value of Rs.1000 (including transaction cost). The Instrument has principal Amount of Rs. 1250/- and carries fixed Intrest of 4.7% i.e. paid annually. XYZ Ltd. recognised Rs 58.75 as Intrest revenue each year. Comment on Management's action... M not able to get from which IAS/ IFRS this ques is....