The staff is going out for foreign travel and they withdraw foreign currency from ATMs and make cash payments. The period of travel is around 15-20 days. So what rate of exchange should be taken to reimburse them. Can I take the average rate of the number of days they were out on foreign travel? or there is any other way out?

Can any one tell me which author's book is the best one to study about Excise Duty from a practice angle.
Does V.S. Datey will be sufficient for it.
With regards,
Rajesh.

Please provide me the accounting entry in case where the purchase of Fixed Asset wants to claim Cenvat Credit in that fixed asset.
For example the cost of the Fixed Asset is Rs. 118.56
Base Price = Rs.100
Excise Duty= Rs.14
VAT = Rs.4.56
--------
Rs.118.56
--------
With regards,
Rajesh.

Sir, I've been going through the chapters Amalgamation and Dissolution.
There I met with an account named
"REALISATION A/C".

I saw that Assets and liabilities are transferred to such A/C to know the last Profit or Loss.
But I'm confused regarding its nature. What nature does this A/C hold...Real, nominal or personal....and Why...???

Same is the case of SUSPENSE A/C. I want to know its nature too.

Hello all
can anyone plz tell me about a treatment of TDS to be made in case of CA firms own books of accouting in following situation:

Our firm is maintaining books on CASH basis of accouting. But some of our parties deduct TDs on prof fees on accrual basis in their books of accounts.This TDs is there in Form 26AS in our A/c. But receipts relating to this has been received by us in next year for whICH tds IS showing in current year's 26AS. What should be treatment of TDS for the same?

THE SELLER HAS TRANSFEERED TO THE BUYER THE PROPERTY IN GOODS FOR A CONSIDERATION
OR
SIGNIFICANT RISKS AND REWARDS OF OWNERSHIP HAVE BEEN TRANSFERRED TO THE BUYER WHERE THE SELLER RETAINS NO EFFECTIVE CONTROL OVER GOODS TO A DEGREE USUALLY ASSOCIATED WITH OWNERSHIP

IS THERE ANY DIFFERENCE BETWEEN THIS TWO POINTS?

WE CALL IT AS PROFIT AND LOSS a\c BUT WE GET ONLY PROFIT OR LOSS NOT BOTH BUT WHY WE CALL AS PROFIT AND LOSS a\c

I have started with a hospital. Now after the building is constucted, I am making pipeline to supply oxygen to each bed in the hospital. Would I be capitalising the cost of making such oxygen pipeline available or else? Moreover now I am also constructing a lift for emergency patient, so should I capitalise that cost to building or else?

WHAT IS MEANING OF THIS?

REVENUE DOES NOT INCLUDE
CERTAIN TRANSACTIONS OR EVENTS THAT RESULT IN UNREALISED OR REALISED GAINS NAMELY

RESTATEMENT OF CARRYING AMOUNT OF AN OBLIGATION

WHAT IS MEANING OF THIS?

REVENUE DOES NOT INCLUDE
CERTAIN TRANSACTIONS OR EVENTS THAT RESULT IN UNREALISED OR REALISED GAINS NAMELY

NATURAL INCREASES IN HERDS AND AGRICULTURAL OR FOREST PRODUCTS.