1.X (Director) Holding substantial Shares in PQR Ltd and also X’s is a partner in XYZ firm during the year financial year the Partnership Firm(XYZ) has supplied raw materials and rendered other services to the PQR ltd Co, in which X’s has no interest in such transaction. Company on his own interest had made the transaction with XYZ firm.


Query
a) In the above question it Clearly shows as X’s has no interest in the above transaction , Now whether the above transaction should be treated as related party and should be recorded in the 301 register of the company act 1956?

b)In what way a transaction said to be related party transaction?




2.X (Director) Holding substantial Shares in PQR Ltd and also X’s is a partner in XYZ firm every year the Partnership Firm(XYZ) supplies raw materials and rendered other services to the PQR ltd Co, in which X’s had interest ,but during the Firm has not supplied any raw materials to the firm.

a).Whether any thing should be written in the 301 register of the company act 1956?

Is there any provision in Co. Act that if value of fixed assets (suppose P&M) purchased during the year exceeds 10% of WDV then it is to be capitalised ? Or does AS-10 contains any clause regarding it ?

Dear sir,

What is genaral ledger process?

Regards
Ram

How to pass an entry in tally when we issue a post dated cheque?

Or what is the best treatment for post dated cheque?

can anybody give the entry of Interest on PPF & NSC and also give the head under which it will be shown?

Need to connect with someone who is an expert on AS-26.

Loan taken by the relative of director for Co.from India Bulls Pvt.LTd.i.e. loan in the name of relative of director.It means co has taken loan from such relative
Repayment is done in the following manner:-
First EMI amt. transfer from Co's bank a/c to director relative's bank a/c and then repayment is done out of that a/c

Please tell me what will be the entries for above transaction?Also tell me whether co.will liable to deduct TDS on Interest amount paid to India bulls.

Hi Sir,
if we pay three months advance rental to a telephone company. then how will we pass entry? should it be divided in three months bills or not ?

a facility management company is collecting and maintaining a sinking fund for replacement of capital equipments installed in a complex ,
my query is:

what will be the accounting treatment of this in the books of the company which is paying such amount , the paying company is a leasing company and is the owner of complex.

Also, after few payments, the complex is given on lease to another company and since then the lessee is contributing directly to the facility mgmt co. (as per the lease deed)

please clarify the accounting treatment in both the cases.

its urgent

Please tell how we calculate Net Asset Value per share based on Balance Sheet

Regards

Girish Mani