sir

Accounting treatment of the effects of foreign exchange fluctuation ie., loss or gain on the purchase of raw materials from foreign country.
ie profit or loss shall be transferred to Profit & Loss account or transferred to a separate account and then written off.

thanks
Nagarajan

If my current years DTL is Rs. 26977/- and Total deffered tax liability provided in earlier years is Rs. 40432/-, Is write back of DTL required in books of accounts?

Dear Sirs,

I am Vicky, i wanted the rate of deprecation as per companies act SLM & as per income tax WDV method as "cell phones and office equipment" rates of depreciation i required urgently sir yestraday i searched for that in income tax books but didn't found the exact which i wanted.

Please help me out sir;s

Regards,
Vicky

On receipt of application money:
BANK A/C.......DR
SHARE APPLICATION A/C......CR

while I understand that bank a/c has been debited because it has received money whats confusing is why has share application a/c been credited.

Q.Conider the following for Q co. for the year 2005-2006
Cosg Rs.100000
Total sales Rs.80000
Op. Stock Rs.20000
Gross Profit 25%.
Closing stockfor the year2005-2006 ?

Ans Rs.40000

How to find closing stock


Girish

Fixed Deposits Accrued Interest is covered under Current Assets or under Loans & Advances in Balance Sheet.

Pls give me advice on folowing from incometax point of view for my Employer





My employer is in Construction line & selling plots to customers



In F.Y 2007-2008 he has sold 2 plots and reced entire consideration. He has booked tis amount as sale in FY 07-08



But not a single agreement was executed between seller & buyer



Now this plot holder wants our company to sell out this plot to any available customer for which our company is ready



Pls guide me on how this transaction can be booked in Books of Accounts & what is the implication from income tax point of view



pls advice



Mahesh Godse

Can Sale of material to sub-contractor be disclosed as Sale of material or should it be adjusted against consumption of raw materials in the regular course of business?

sale value 50000, book value 30000. sale consideration to be received 20000 in 1st year , 15000 in 2nd year, 15000 in 3rd year. what is the profit to be considered in current year. Please let me know the clear conceptual understanding on this.

Some please tell me what is “JAMAKHARCHI” and what are the process, one more thing why do company receive the cheque and paid it through cash to JAMAKHARCHI Co. what are the motive to do so.