As per AS 13, the Long term investment has to be recorded at cost unless there is a permanent reduction in value.

USGAAP/ IFRS require HTM (Held to Maturity) / AFS (Available for Sale) investments to be checked for impairment on every balance sheet date. (fair value principle).

There is an investment in stock market, which crashed on the balance sheet date. The management believes the fundamentals of the company are sound, and that there is no provision required as per AS 13.

1. Would this be ok to record the investment at cost as per AS13.
2. Would impairment be required as per USGAAP/ IFRS.

How Revenu Recognise in folloeing conditione

1> Land own by builder and developed by him
2> Land own by other's and developed by builder.

in above bothe case how revenu recognised in case such building are sold by builder in such a case what accounting stander followed. and method of accounting

reply as soon as eraly possible

thank's

is adjustment entries are follow golden acconting principles

hi,
I have doubt, as to when to account for sale of goods in the month end.
e.g if the invoice is dated 30th Nov but dispatch has actaully happened on 5th Dec.
The accounting of sales was done on 30th nov itself to show more turnover.

Further sale is not on ex-works basis (i.e.here seller is bearing freight)

as far as i know since the intention here is to book more revenue and also CIF basis i think it should be accounted on Dec 5th.
Am i right?
Kindly reply....

Hi experts
As per As-11 closing inventory should be valued at closing rate,but in case at what rate opening inventory should be taken either at opening rate or we to consider same value as we calculated in closing inentory?pls explain me how to value with reason

How does dep create funds for replacement of assets?

If one say that by creating accumulated depreciation account funds are created, i do not understand this logic.

By charging dep we may restricting some amount to be distributed as dividend but how are we creating cash for replacement of assets.

What are the documents to be verified for the amount shown as land in the Balance Sheet?

Please Suggest me the journal entry:
a car purchase of Rs. 200000 and car insurance 15000 on 30 sep. 2010. what is journal entry

Dear Sir,
I need one doubt,one company was purchase vehicle against bank loans ,how to pass the journal & payment entry

Plz tell me how to treat Subsidy Received due to export of Sugar.
it has been given by Sugar Mill to us because of purchase from him during the year, FROM THEA SAME MILL