This is Lakshmi Narayana. If anybody is having detailed difference between Existing Accounting Standard and Proposed Accounting Standard and IFRS for all the standards. Kindly send to my mail calakshminarayana@gmail.com

Dear Sir,

Can any one forward me networth statement of ltd companies

My email id is:- shrishail.umaranikar@rediffmail.com

Thanks
Shrishail

ABC PVT LTD HAS BEEN GIVEN SHARE APPLICATION MONEY TO XYZ PVT LTD. NOW MY QUESTION IS SHARE APPLICATION MONEY IS SHOWN AS ADVANCE OR INVESTMENT IN THE BOOKS OF ABC PVT LTD.

Dear Experts,
Capital subsidy has been received by a firm. To purchase the asset the firm has taken term loan from a bank. Now the bank has received the capital subsidy, for which the bank has reduced the o/s term loan to the extent the capital subsidy has been received.
In such a case accounting entry passed below is right?

Term Loan A/c Dr. 500000
To Fixed Assets A/c 500000
(being the capital subsidy received by the bank)

Is the above entry correct?

With regards,
Rajesh.

What will be the accounting treatment of the capital subsidy received from the govt.?

Dear All,
Can you please explain,Whehter digital sign is mantodoty for directors of pvt ltd co. In case of pvt ltd co. whether director has to put digital sign on b/s and income tax returns of the co. Thanks...

is it ok to include PARTNERS' SALARY IN OPERATING EXPENSES?

A,B & C are partner sharing profits in the ratio of 1:1:1.They had a joint life policy of Rs. 1 lac. C died on 1 july 2010. Acconts are closed on 31 dec every year. Insurance company pay the amount of Rs. 1 lac on 31 dec 2010 . policy's premium is charged to P & L a/c every year. His nominee wants to take away the policy amount for his personal purpose as soon as it is received from insurance company. Then in this i want to know the entries with DATES

Dear Fellows,
can anyone provide me specimen of balance Sheet, Notes to A/c etc. of a Pvt. Ltd. Co. engaged in the business of Hotel Industry, filling for the first time with income Tax/ROC.

Please Advice:
Fact of Case :Company has raised the rate differance invoice on 02.04.2010.Original sales are made in 2009-10.
Query : Whether any sales provision is required to be made on 31.03.2010?
How it will be treated under income tax?