While calculating valuation of shares on the event of winding up, the surplus assets / funds should be distributed among the shareholders either on the basis of paid up value of each share or face value?

Financial Management logic says paid up value should be used. But the paid up & face value may be different when voting power is concerned.

As per para 9.5 of AS 10, states that the expenses incurred between the asset ready to use and asset put to use can be deferred for the period 3 to 5 years.

But such statement is in contradiction of AS 26 which states no expenditure other than Intangible Assets (as per the definition) should be capitalized / deferred.

Dear Experts,
For an Assessee doing business he has 2 places of business. One is treated as Head Office and the other as Branch Office.
Both the Head Office and Branch Office has separate Trial Balance. Assessee does not want to file separate P&L A/c and Balance Sheet starting from this year. My doubts are
(1) In both the T.B. there is stock transfer from H.O. and B.O. How i have to treat the stock transfer from H.O. other than not crediting in P&L A/c?
With regards,
Rajesh.

whether disclosure of dividend payment is necessary under AS-18 in case of

Dividend paid to Promoters who holds 48% stake in public limited company and their relatives?

HAI SIR, WE ARE USING TALLY 9.ERP ACCOUNTING FOR SPINNING MILL. OUR MILL IS UNDER CONSTRUCTION.
PLEASE SAY UNDER EACH ACCOUNT SHOULD THE UNDER GROUPS PLS SAY YES/NO

1)BANK LOAN PROCESSING CHARGES

2)INCORPORATION CHARGES (SHARE CAPITAL INCREASE CHARGES)

3)TITLE DEEDS DEPOSIT CHARGES (FRANKLING CHARGES)

4)DD ISSUED TO APITCO FOR TECHNO ECONOMIC VIABILITY

5) DD ISSUED TO DIRCTOR TOWN & COUNTRY PLANNING

6) DD ISSUED TO POLLUTION CONTROL BOARD

7) TERM DEPOSIT AGAINST BANK GUARANTEE

8) METAL PURCHASE

9) ADVANCE PAID TO PARTYS FOR PURCHASE CEMENT & IRON

10)GRAVEL PURCHASE FOR SITE DEVELOPMENT

11)FREIGHT CHARGES PAID FOR GRAVEL SUPPLY

12)SAND PURCHASE

13)FREIGHT PAID FOR DELIVERY OF IRON

14) GRAVEL SPREADING COOLIE PAID

PLEASE ADVICE ME WHICH BOOKS REFFER FOR CONSTRUCTION HEADS FOR ACCOUNTING OF THIS KIND OF CONSTRUCTION OF FACTORIES.
MY MAIL: buujjibabu1@gmail.com

ON 15.03.2010 BANK GUARANTEE DEPOSIT OF RS.1,51,000/- FOR THE PERIOD FROM 15.03.2010 TO 15.03.2020. @ 7.5 % INT. P.A.
HOW I WILL PASS INTEREST ENTRY CLOSED ON 31.03.2010.
AND INTEREST ACCRUED A/C WHICH UNDER THE HEAR OF ACCOUNT

Whether LAN cabling & Installation charges of Rs.7150/- , Cost Of Battery for Laptop Of Rs.4800/- and cost of 2GB DDR Memory card of Rs.2450/- could be capitilised to Computer/Hardware A/c or to be charged to revenue under computer Maintenance charges. please confirm

Dear all,

Please let me, at the time of closing accounts, we must take bank balance as per books or as per bank according to tally.As balance as book can be less as compare to balance as per bank.

thanks

Hi Friends

Suppose I have some Long Term Investment in the books and the market value of the Investment have become NIL as on the last day of the Balance Sheet and also no amount is recoverable from the Investment in the upcoming future.

What will be the accounting treatment of the same in Double Entry System.

Thanking you in anticipation.

Regards
Shyam

How to book interest on income tax in the books of accounts