pls let me know how to treat profit/loss on sale of an asset under WDA method and how to charge depreiciation during that year

X of koikata sends out goods costing 1,00,000 to y of mumbai at cost+25%.Consignors expenses Rs. 2000.3/5 of the goods were sold by consignee at Rs. 85000.Commission 2% on sales + 20% of gross sales less alll commission exceeds invoice value.Amount of commission willbe: (a)rs.3083 (b)rs.3000 (c)rs.2500 (d)rs.2000

most of the us companies present in financial statements level 3 financial instrument. Did you explain level 3 financial instruments what is difference between level 1,2,3 securities

Hi,

I am converting INR TB to $ TB, all BS items at closing rate and all P&L items are at average rate, but I am getting huge amount as exchange fluctuation difference, should i need to treat it as exchange loss? is that the right way to do?

Awaiting for your reply.

Regards,
Nazir

A company borrows USD 100 by way of FCNR (agst WCL) on say 5th Jul 10 at Rs. 46.74 On 10th Jul 10, when the spot rate is Rs. 46.10, it takes a Forward Contract agst the above FCNR loan at Rs. 46.64

Question:
a) Will there be Discount of Rs. 0.10 on Fwd. Cont i.e. difference between the rate at which it is borrowed Rs. 46.74 and the rate at which Fwd. Cont is taken Rs. 46.64 OR
b) Will there be Premium of Rs. 0.54 on Fwd. Cont. i.e. difference between the spot rate on 10th Jul Rs. 46.10 and the forward contract rate Rs. 46.64

Sir,
Pl. provided me depreciation rate according to co. act. & income tax act.

Thanks,

Dear CAclubindians,

What is Liquidity Planing?

Regards,
Jayanand.

Sir,
Pl. provided me depreciation rate according to co. act. & income tax act.

Thanks,

Is investment in shares a tangible asset since shares are in demat form now.

Will investment in shares be called tangible asset or intangible asset? please clarify with reason.