CAN ANYONE TELL ME FROM WHICH BOOK .....THE ABOVE TOPIC PREPARATION IS GOOD, EASY AND USEFUL ?
My querry is relating capitalisation of cost inccured after the date which is declared as date of commercial production.
But the concerned company is saying even they declared date of production as 1-4-2009, they actually started producing commercially feasible quantity from 1-10-2009 only, and they are capitalising cost upto 1-10-2009.
Is it the right treatment?
Will it be allowable in tax consideration?
Dear Sir,
My Partner Ship firm has taken TDS benefit against Incometax for FY 2008-09
The opening bal Debit Bal. of TDS Fy 08-09 I Have passed Following entry
Income TAx Dr
TDS Fy 08-09 Cr
Please Say under what head should be Income tax Ac Created. (Group Ac)
Is the Income Tax Ac to be Adjusted against Capital Ac
Is there any other entry Please say.
Regards
IN BANK RECO WHICH BALANCE C/F FOR NEXT ACCOUNTING YEAR? AS PER BOOKS AUR AS PER BANK ?
AND
WHAT ADJUSTMENT MADE FOR STARTING NEW FININCIAL YEAR RELATED TO BANK RECO.
In case of sale of fixed assets to subsidiary
whether we can realise the profit on sale of fixed assets? My view is that any unrealised gain or loss on intragroup transactions are to be eliminated for consolidation purpose.
Let me correct if i am wrong. If i am correct please substantiate my answer with para no. in IAS 27 or any other reference.
Expecting your reply eagerly
A company leased a land for Rs.2.50 crores, whose lease period is 90 years. The payment was made by equity shares for 1 crore at the beginning, and balance 1.50 crores would be made by 10 annual payments of Rs.15 lacs. Apart from that the lease rent for each year is Rs.420/-
Whether it is covered by AS 19 or AS 10? If so,Kindly tell me what are the disclosure requirements in the Statements.
Can anyone explain the process involved in Accounts Receivable & payable process..
Under what head should the expenses booked for payament made to recruitment agency
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Bank Reconcillation Statement