Sir,
I am working in a Integrated Steel Manufacturing Company where I am facing a problem and want to discuss with you and want accounting treatment.

" Company is manufacturing MS Billet,TMT and Sponge Iron, On the other hand our power plant project is under construction where the company consumes its product like TMT for Construction of factory Shed.
and for the same we raise Excise Invoice.

No if I book our excise Invoice as sales of TMT than how I will capitalise it because the TMT is utilised in construction of Power Plant

thanking you

MD Sarzad Ansari

Baking Knowledge for Accountant formalities & documentation
I am an accountant I want to know what is knowlege required banking following point i required know procedure & documentation
1. New company current Account Opeing Procedure & documentation
2. Authorities for signature what is procedure & documentation
3. Bank Gurantee for Business procedure & documentation
4. Cash Credit Facilitie & Overdraft facilities formalities procdure & documentation
5. bank gurrantee for export procedure & documentation
6. Letter of Credit for delivery of Goods procedure & documentation

Guarantee deposited by co. to bank -Rs.7.5lacs
Bank charged Rs.45000 upto 31.03.2011(from 2008-09 to 2010-11),whether these bank charges expensed this yr or deffered

As certificate received today,what about 2008-09 bank charges which was not booked last year

Sir
Please tell me
In the auditee company,balances of provision for taxation & Tds Recoverable for the P.Y. 06-07 are still appearing in the books.Should adjustment entry relating to above be passed this year?

After how many years TDS Recoverable A/C ,Provision for Taxation and advance tax A/c standing from a long priod should be adjusted?It means that for how many yrs should we wait for Income Tax Assessment?

Sir
Please tell me the solution of the below problem:-
There is only a single A/C opened for TDS Receivable For A/Y 07-08,08-09,09-10,10-11 whereas seperate A/cs opened for Prvosion for taxation viz.Provision for taxation(AY 07-08) ,Provision for taxation(AY 08-09)and so on

Is it right to operate a single A/C for TDS Recoverable for all years,whether it will create any problem?
From the point of view audit,can any objection be raised?

What is Notes on A/c Please tell me in detail about it

Thanks

Anuj Bhatnagar

sir i am receiveng professional fees in cash so payer of cash payment asking me to affix a revenue stamp on the cash receipt issued by me so what should i do should i affix a stamp on the receipt or not. i am receiving payment so why should i affix a revenue stamp because i am not payer but i am receiver

SAP s/w cost should be classified as Intangible asset as per AS 26.

when taking the cost,should we include
server cost,server room cost also in it?

If yes, aren't classifying a tangible asset i.e server or room as Intangible asset?

will purchase or sale return be a nominal a/c or real a/c. if so then why?

If a business gets fixed asset by way of gift, then how would it be accounted in books?