What are basic funda/documents requred for finalaisation of accounts

A co. Named XYZ having:
-Business of construction
-no income from construction during the year.
-only rent income from house property during the year.
-there are also some administrative expenses like Audit fee/bank charges..etc
so there would be loss during the year.

now my query is that whether loss could be carried forward next yr or setoff against rent income as there is no business income during the year.

regards
Abhishek Sharma

I'm Reena S

I'm working in advertising Agency. Can you please send me the MIS Report format in Excel with Cash Flow and Fund Flow Statements.

Thanking you

1.Please let me know whether the cost of fixed assets includes expenses like transportation charges to bring that asset into factory premises that is directly attributable to the cost of that asset.
2.If yes is it right to claim the depreciation on such expenses also included in the cost?
3.If the asset is revalued in the next year itself whether such expenses will also be considered in the cost of asset or only the cost related to the asset will be taken. Please clarify me in this regard.

Dear Sir,

Can you please explain whether exchange fluctuation will be included or not in contract cost while recognizing profit on contract?


Regards:
Prafull Kumar
CA Final

PLEASE GUIDE ME BY SENDING A MIS REPORT IN EXCEL FORM. I AM IN A ALLUMINIUM FOIL INDUSTRY. SO PLEASE HELP ME OUT SO THAT I CAN GET SOME IDEA.
THANKS TO ALL EXPERTS FOR GUIDING ME.
REGARDS
SIDHARTHA

Dear sir, please tell me about the provision for audit fee at the 31 march year ending. in the company books accounts. What will be entry ?

In customer account credit amount is showing for a longer period and that customer has not showing any claim for. can any one guide after what period we can transfer that amount to income a/c?

We have installed ACs in our offices now can we book installation cost under the Electrical Installationhead - Fixed Assets.

Pls confirm

Thanx!!

Some companies have provision of Income Tax A/c till they receive Income Tax Assessment Order. In such a case please tell me how to reverse the entries made in the books?