hi...
Can anyone reply me fast on the following query?

A
bank holds 30% stake in a company A. and Company A has two wholly owned subsidiaries company B and company C.
My Query is (1) whether transaction between Bank and Company B (100% subsidiary of A in which bank holds 30% stake) be reported by company B under AS 18.
(2)whether company A should report the transactions taken place between company B and bank while preparing its consolidated accounts under AS 18.

Please reply fast as I am finalising the accounts and preparing the reports for the same

dear sir,
i ask some question in logic way as follows:

1. why, we are calculate goodwill in scarifice ratio.

2. sec 37 deals?
3. treatment of jlp

If there is any other Course apart from the CA, CS, ICWA to doing the carrer in Accounts

please suggest

Thank you

what is the ideal ratio for debt equity ratio whether 2:1 is correct or not.what is standard ratio

Hi

I am working in event management co
Its a pvt ltd, i have paid TDS up to 30th Mar 2010 but 31st of mar 2010 I have received some vendor bills but I havent paid TDS

when i have to pay the remaining balance of TDS , which is a last date
Also i want to file returning process


Please guide me

Regards
Mrityunjay

Please explain the difference between
'Trade Creditors Personal Account' and
'Total Creditors Account' when they are being maintained separately in Creditors Ledger and General Ledger respectively.

What is the nature of entries represented by both of them ?

Pl. Clarify if Total Creditors Account shows all the creditor's entries from their respective personal A/cs.

Thank You.

On 1st March, Kripalu Ltd purchased Rs.5 Lakhs worth of land for a Factory Site. The Company
demolished an old building on the property and sold the material for Rs.10,000. The Company
incurred additional cost & realized salvaged proceeds during March as follows:
Legal Fees for purchase contract and recording ownership Rs.25,000
Title Guarantee Insurance Rs.10,000
Cost for Demolition of Building Rs.50,000
Compute the balance to be shown in the Land Account on 31st March Balance Sheet.

dear experts,
i want to know that which exchange rate should be used for revaluation of foreign Debtors & creditors for quater end as per indian accounting standard, whether it would be closing rate of SBI or RBI or FEDAI?
please reply at the earliest.

thanks

Sir,

Will someone guide me in the following:

What does the AS say in respect of Stock-in-Transit.Whether raw material in transit on 31st March should be booked as purchase on March itself and cenvat should be availved in March or the same be recorded as Stock-in Transit.

Thanks

Sir,

We have split data in Tally from the financial year 1st April,2010 to 31st March,2011.

But before splitting we had performed Bank Reconciliation in the previous financial year pertaining to the current financial year.

Hence,in the split data cheques not presented to Bank in the Bank Reconciliation is not matching with the data as on 31st March with the split data on 1st April.

What are the options available for correcting the same.

Thanks