velraj
14 February 2010 at 15:11

costing

i want to know what is the marginal cost and how do i calculate,what is the variable cost & fixed cost and how do i calculate pls explan with example


nhasan
13 February 2010 at 22:29

Loose Tools

What is Loose Tools. What is the criteria for classification a Assets as Loose Tools .


Rahul
13 February 2010 at 22:11

Due and Accrue

What is the difference between Due and Accrue


CA Harit Kapoor
13 February 2010 at 20:15

ECGC/DICGC

can ne1 explain 2 me the concept of ecgc/dicgc cover in case of banking companies??....as to why we create such a provision???



Anonymous
13 February 2010 at 17:11

adjustment of FbT

how to adjust fbt with partners capital if Fbt Stand on books as provision & advance


Sam
13 February 2010 at 16:31

Accounting Treatment and AS

Dear All,
We have a client engaged in residential flat contruction. The project is not yet completed. Can The normal admin expenses and other expenses not directly connected to construction, cna it be taken to WIP and showing a nil P&L account.

Please quote the relevant AS and note to accounts on the same


Meekha
13 February 2010 at 15:23

AS 10

Can any one please help me to solve this?

The company has constructed a boiler for use in its factory. A substantial portion of the overheads has been charged to the cost of the boiler. thus the cost of the self constructed boiler is almost double the market price of a similar boiler. comment.


varun gupta
13 February 2010 at 11:23

Depriciation on Capital Work in Progress

A company purchased some Machines in F.Y 2008-09 but has not put them into use till 31st March 2009 and hence transferred them into Capital Work in Progress without claiming any depriciation over them under Cos Act and Income Tax act. But now in F.Y 2009-10, these machines have still not been put into use. Then, will the Company eligible to claim depriciation under Cos Act & Income tax act over these assets or they should be still shown under Capital Work in progress withoug claiming any Dep.?


Meekha
12 February 2010 at 20:04

AS 10

AD ltd acquired a plant on 1.4.2000 for rs.200lakhs. it charges depreciation on SLM basis estimated useful life 10 years and scrap value at 2.5%. At the beginning of 5th year the asset was revalued at 10% of the WDV and the revaluation profit was transferred to Revaluation reserve. The excess depreciation arising out of revaluation was adjusted by taking transfer from revaluation reserve. while charging depreciation after revaluation estimated remaining useful life was assumed to be 6 years and scrap realization was expected to be 2.5% of the revalued figure. at the beginning of the 8 years the company found the asset useless and accordingly had decided to retire it. on the date of retirement the estimated realizable value of the asset was rs.650,000. find out the loss on retirement of the asset.
Sir,the ans given is 62.30lakhs can you please tell me how and give me the solution part Sir?



Anonymous
12 February 2010 at 17:22

About Bank Reco

M cross check the Bank statement & Visual sofware accounting Bank book, but Bank book balance will not match with bank statement.Then what can i do.Plz tell me another option to tally the Bank Reco.






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