Whether ASI is applicable for MAY EXAM 2010(PCC)or not?????pls rply. my attempt MAY2010

As per AS 2 exclusively says that excise duty is to be included for ascertaining the cost of inventory. However it also says that refundable duties are to be reduced from cost...
How the two is possible..?

Hi,

I am working in a software company, we are reselling CAD/CAM etc., software. Currently, we can download all software with any security but we should have authorization.

So once we get a order from the customer we will invoice to customer without getting purchase bill.

We will get the purchase bill in a month.

But as a year end 31st March 2010, we have billed to some of our customer in the month of March 2010 but we haven't recv., the bill but it will get in the month of April 2010. So please guide me whether we can account bill dated in the month of April 2010 in the Month of March 2010.

Also, if i am purchasing at CST 2% against C Form, bill dated April 2010 if i am accounting in March 2010. Can I issue C Form in the period 1st Quarter of 2010-2011.

Please help me in the above case.

CAn Interest PAyable on TErm Loan Account be grouped with Secured Term Loan (O/s.) Account in Balance Sheet or interest payable should be shown serparately in Current Liabilities.

My company has entered into a contract for purchase of fixed assets and an installment is due on 15 march 2010.

Company has not paid the installment.

Is it required to make the provision for the amount payable ? as it would increase my fixed assets and my current liabilities.

Please advice

Any body help me, how to calculate depreciation on dies,modules & development in pvt ltd company and what is rate for it??

Please send me depr. chart as per pvt ltd company act

what cash balance should be show in the balance sheet for small business

How should one treat this while preparing holdind co. B/s(treatment of pre acqn profits):-
The shares(of subsidiary co.)purchased on 31.7.1999, are ex dividend & Ex bonus from existing share holders...
Dt of acqn no's cost
1.4.99 8000 110000
31.7.99 6000 86000
Total shares in subsidiary co-20000

The a/c's of Holding co are prepared as on 31.3.2000.

give me plz numerical question..........

How the accounting of DEPB license is done, when it is allowed at the time of export from the government?