what is the differnce between Travelling expense & Conveyance ?

Pls Kindly reply

Respected Experts

A company had taken 3 month Forwards Contract for $1000 on 1/11/2009 FC Rate 46.6 RBI on that date 46.2 and on 1/12/2009 another FC cover was taken (3 months )for $1000 the company paid the first amount $ 1000 on 1/2/2010..

Please show the Entry to passed on 1/2/2010
when ..

Dear Sirs,
We have purchase some rowmaterial from foreign. the supplier produce bill in $ and the bill date is 09.09.2009. We receive the R/M on 10.11.2009 at our stock yard in port. My question is we will take rate of forex of which date for bill registration in our book.

LET ME KNOW WHAT IS TAX % ON RESALE OF PLANT & MACHINERY

Can charges for delux room (inclusive of all meals on buffet airport transfers, all hotel charges and extra bed) are applicable for deduction of tax at sourvce. If yes under which section of Income Tax.

What is the accounting entry for the gain on sale & sale of mutual funds, whether it should be a compunding entry for both sale and gain

Q (1)What is the Cash Flow Statement?
Q (2)What is the Fund Flow Statement?

Thanks & Regards
FAZLE
fazle_sap_fi@yahoo.in

A company is in the process of contructing building of 20 floors. And 5 floors are almost completed and ready for its intended use.

My query is :-
1) can we do the partiall capitalisation for these 5 floors.?

2) Is there is any specific provision for the same in the Accounting standard?

3) If yes then what should be the basis for allocating the cost for these 5 floors?

revaluation reserve was created due to upward revaluation of a fixed asset "A".

Later a fixed asset "B" was downward revalued.

As per AS-10, the amount of downward revaluation may be charged to the revaluation reserve to the extent upward revaluation included in revaluation reserve.

My query here is that,
can revaluation reserve created due to asset "A" be utilised to charge the downward revaluation amount of asset "B".

What is the treatment of forgotten Public
Provident Fund Interest in accounts? In Income Tax any penalty for forgotten PPF interest?