(i)In case of Private Limited Company a Margin kept in the form of FDR/TDR by Banks against issue of LC/BG(i.e.Non- fund based facility)is to be where shown in schudeles forming part of B/S as per schdule VI requirements as per Companies Act.
(ii) Interest accured/ receivable on FDR with Banks.

My view is both has to be shown under Bank Balances as certain CA's are showing under Loans & Advances schedule while finalising Audited Accounts.

Please comments in this regard.

hi,,,,

In case there is loss of stock and compensation received from the insurance co.is less than the value of stock destroyed what is the accounting treatment for the same (no stock register is maintained in this case)

could someone clarify me whether ifrs will be applicable for pcc may 2011 examination or will Indian AS prevail for this examination

Our company is registered limited company. and we are reimbursing the driver salary of Rs.6000/- to our GM. whether it is to be added to his salary income for TDS deduction or can take exemption. Car is provided by company.

01. A, B and C are co-venturer, The relative Profit sharing ratio between A and B is 3:2 and between B and C is also 3:2. Find out the PSR between A, Ba and C.
Ans : 9:6:4
HOw to calculate PSR?

please reply

regards

Girish

Purchase of TDs Software RS 2100 What is Account Treatment It is book as Fixed Assests or Put in It Maintaince Expence

In interview how to explain about TRAIL BALANCE,P & L ACCOUNT AND ACCOUNTS FINALIZATION ?

SHARATH
HYDERABAD

In inverview how to explain about accounts payble and accounts receivables in a short time.

SHARATH
HYDERABAD

There is a company which has not commenced its business yet. The company is having some establishment expenses. I want to know whether the company has to prepare a Profit & loss account or it can show the expenses as pre-operative exp. since the business has not been started? Whether the company can avoid the preparation of profit & loss account? Will the expenses be allowed under the Income Tax Act if shown as pre-operative?

Plz reply if anybody knows the answer...
Its urgent...

sir in as-24 there is one sentence which i didnt understood could u explain me.a sentence is "Discontinuing ,even if relatively abruptly,several products within an ongoing line of business".