HI Experts,

I am here with a question that how to prepare Cash flow statement where during the financial year a merger has happened...?

I will elaborate the situation
X company has a 100% subsidiary Called Y Company... X has decided to Merge Y in to X as on 01st April 2009 (financial year being 2009-10) The court has given the order; Now on 31st March 2010 X is presenting its financial statements where it requires to Present Cash Flow Statement also. My Doubt is How to Prepare Cash flow statement in the above scenario?

I Request Respected Experts to give a Experts Advice on this issue....

Expecting a reply ASAP

Thanks & Regards
Amit V Nagure

My cient being an Individual engaged in providing Security Services to renowned customers like IOCL,AIR at different locations in Gujarat.

The same is covered under Tax Audit.

Now query is whether we can prepare Income & expenditure A/C instead of Profit & Loos Account for auditing purposes as he is service provider & charging only Service Tax in Invoices/Bills raised to customers.

In relation to such activities Normal/routine expenses are expended/incurred accordingly.

Hi

If there is a Indian Company subsidiary of a foreign company and it has granted advances to another subsidiary of the holding company. There is no turnover in the Company. Would this transaction covered under AS- 18?

Which Co. will prepare consolidated accounts in case of cross holding?

Example - A Ltd holds 100% shares of B Ltd. B Ltd also holds 100% shares of A Ltd.

Q- Which Co will prepare Consolidated Accounts A Ltd, B Ltd or Both?

one company has paid licence fees for boileer for the period 01.04.10 to 31.03.2015 in financial year 2009-2010. Whether it will be prepaid expense in financial year 2009-2010 in view of AS-26

I am really confused about treatment of advance tax in cash flow statement. What are the different treatment when advance tax paid is given in adjustments and when it is already given in balance sheet. How do we present them in cash flow statement in these two cases?
Pls help me.thanks

Sir,
If i purchase an asset in previous year but ommitted to capitalise the same last year but capitalised current year. The asset was put to use last year itself. Can i claim depreciation from the actual date it is put to use or from 01.04 of the current year? Pls explain

Hi,

A person has made fd dt 26/9/2009 and maturity date is 27/7/10 for 13 months

Opening Dt Amt 25000.00
Maturity Dt Amt 26899.00

In FD Statement Bank shows 1410.00 interest is paid as on 31/3/2010.

What Entry Should I Pass:
FD Cretied: FD Dr Cash Cr
Interest Entry: Accrud Interest Dr Interest on FD Cr

OR
FD Dr Interest Cr.

Please Clear when we pass entry for Accrud Interest.

Thanks & Regards
Survesh

how is the interest calculated on partners current account ??? is it calculated on closing balance or as per Avg Due Date... pls give detailed solution and calculationssss.........

the profit for 1998-1999 are rs. 2000; for 1999-2000 is rs. 26100; and for 2000-2000 is rs 31200. closing stock for 1999-2000 and 2000-2001 includes the defective items of rs. 2200 and rs. 6200 respectively which were considered as having market value NIL. calculate goodwill on average profit method.

pls anybody help me out from this problem