Anonymous
17 January 2011 at 20:13

Treatment Of PDC

plz tell the accounting Treatment of issue of cheque to bank as security against Loan



Anonymous

What is the treatment in Npo if opening balance and closing balance of stamps given in Receipt and payment account and expenses of postage given in payment side of Receipt and payment account.

E.g.
Receipts Payment
To b/d Postage exp Rs.1000
stamps Rs.50 By c/d
Stamps Rs.20
Please give me the solution and reason because in book the solution is not understandable.


Sunil Sharma
17 January 2011 at 17:53

share premium amount

if we have recd some amount as share premium above Rs.10/- then Rs.10/- will go to issued share capital in capital account & above then rs.10/- will go to ??????? in which head?


CA Sonu Kumar Agarwal
17 January 2011 at 16:16

DEPB License

Can a Company which is exporting Iron Ore Fines and paying Export Duty claim DEPB License..?? And how that license can be used?
Its urgent..



Anonymous

Electrification expenses are incurred by an undertaking in its leased factory which is to commence operations in 2 months.Can this expense be written off over a period of 3 years as the factory will be shifted to own premises in 3 years?



Anonymous
17 January 2011 at 12:54

help me please.....

I have joined as an accountant of a newly developed builders company.Private limited company.I have experience only in the field of Tds. Now complete accountant's responsibility on me. how to start ,I dont know.Company has 500000 authorized capital.200000 subsribed capital.what amount has to be shown as capital.Necessary ledger accounts in the books of builders firm.



Anonymous
17 January 2011 at 12:47

accounting treatment

Dear sir,
our products need to be packed in a costly material before their sale. at the moment we are debiting packing charges for purchase of packing materials. we are not considering it as part of our inventory. can we treat packing materials as part of our inventory as per as-2


kiran
17 January 2011 at 11:34

Entry

In A chit business

what is entry for recoding every month

installments received from member.


How to adjust chit dividend against evry

month installment through entry


C.A. LINESH PATIL
17 January 2011 at 09:06

AS-5

whether profit or loss from sale of assets is extra ordinary item under AS-5 or not.

Thanks


Sandeep Modak

Sir,

As per the subject, in case of takeover if the company who's business is takenover by another company has business losses can such losses be carried forward as business loss in the books of company who has taken over the business if so under which section.






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