dear experts i just want to know the difference between the leases and hire purchase.
the doubt occored wen i strted preparing for my group 2 accounts.. speciall in AS. so ur answer must be in dat that perview!
thanx in advance!

Is this correct? or is there achange in this regard-
If any enterprise has incurred ancillary cost (related) for the arrangement of funds than amortized part of such cost should also be included as a part of borrowing cost.
For example:- Brokerage, commission, stamp duty charges and any other related cost.Amortized Cost =Total Cost/Usages Am. During the year

HI EXPERTS I GOT A PROBLEM THAT I THINK U CAN SOLVE.
I AM A IPCC STUDENT & DOING SELF STUDY.

PLEASE TELL ME WHAT REFERENCE BOOKS R THERE FOR IPCC TO GET GOOD MARKS IN EXAMS.
I WILL GIVE IPCE IN NOV'11(BOTH GROUPS) & PLEASE TELL FROM WHERE TO PURCHASE THESE BOOKS.

H ltd has two subsidiaries(Directly holding 60%,& 70% respectively) A ltd & B Ltd

Balance sheet H Ltd
Liability side
Current a/c with A ltd-Rs.40000
Current a/c with B ltd-Rs.40000

Balance sheet of A Ltd
Asset Side
Current a/c with H Ltd-Rs.36000

Balance sheet of A Ltd
Asset Side
Current a/c with H ltd-Rs.44000

Adjustment:
A remittance of Rs. 4000 by B Ltd to H Ltd has not yet been adjusted in the books of H Ltd.

Question : what will be the effect in the consolidated balance sheet & what is logic for opening current account ?

We are registered u/s 25 companies(an NGO company). we want to import books. I want to know that for importing books, do we have to get IMPORT EXPORT CODE? If yes, then what is a procedure for that?

Hello Experts
I am sanjay this side. I want valuable advise on one entry in Tally. There is a car in the co's book and the insurance claimed by the co and the cheque has been recieved. I want to know that this amount is treated as an income of the co or the value of car has to be increased.
the entry should be:
Bank A/c Dr
Insurance Claim A/c Cr and this account is under Indirect Income head while creating the account in tally.
Kindly advise.
thanks and regards
sanjay

if xyz is a pvt ltd co.,we paid for servicing
and maintenance charges on our computer or software for next one year(1.2.11-31.1.12),what is journal to be passed ,Suppose we paid Rs 10000/- ,what is the journal entry and how is it calculate? ,pls help me

Dear All,

I have purchase a extension of warrenty of 20 computers for one year in the month of december. Please help me in passing the journal entry for the same.

Thanks

Sir,
If the owner is having 3 godowns and given 2 godowns to Company "A" and one godown to Company "B" on rent of Rs.70000 per godown.
On an overall income of the owner crosses more than the threshold limit of Rs.180000 for all the 3 godown, will the company liable to deduct TDS?

Dear Sir

Can i let u know the following details from u bcoz i had been overseas last 2 years and i should know

1. Rate of CST witout form C
2. Rate of CST against form c
3. Rate of VAT
4. Rate of Service Tax for Transport
5. Rate of Excise

Iam very very thankful to u for helping above my doubts