is AS-7 applicable to Road contractor?????? if yes then plz tell me considarable points while conducting audit of an Road contractor books..............

Sir,
In the case of a non-profit organisation if the balance sheet of the previous year shows an ENTRANCE DONATION RECEIVED PENDING MEMBERSHIP worth Rs.100000 under liabilities. Also, during the current year ENTRANCE DONATION worth Rs.100000 are received and 50% of the donations are to be capitalised and there are no pending memberships at the end of the current year then what is its treatment? Do respond ASAP.

2 wheeler met with accident. plz tell me what will be effect in asset a/c and p&la/c.as there is simple accident , section 45(1a) will not apply.

in trading & P&L do we always take goods sent to branch,closing stock at cost??in some question i found Goods sent to branch,closing stock were at CP whereas in some que they were at Invoice price..even in former case it was given that head office send goods to branch at cost + X% profit?
kindly elaborate

I transfer stock at cost of 2000/- to branch. Now branch sold 1040/- (1000 item cost + 40 Vat). They send sales invoice & Cash to head office.
what all entry done at head office.

is it correct to say that if nothing is mentioned in the question about stock that whether is it at IP(Invoice Price) or CP(COST PRICE) then we always take it at CP always?

but if opening stock is given at IP then what shall be assumed for closing stock if nothing is mentioned for closing stock... or vice versa??

can anyone help me?
i m goin to appear in dec-10 of c.s executive program and still i'm confused that how to prepare for paper-2 i.e company accounts and cost accounts..plzz sugest me refernce book ...plz..

hello everybody

can any one give me formula to calculate EMI on loan with examples

Hi,

Can anybody explain step by step to make the service tax payment.

Thanks in advance.

Sir,
i have a query regarding valuation of shares.
i know shares are valued at market price or purchase price, which ever is lower..
But this is a year end entry...
Now suppose if i buy 20 share of jain ltd for Rs. 1000 and after few days i again purchase 10 share for Rs. 1500 and then i Sell 20 shares for Rs. 1800.. then how much profit should i book in my books... is there any subscribed method like fifo or average....
please suggest... and if possible then please assist me with some guidence note or accounting standard... my email id is abhishekdugar2202@gmail.com
Thankyou