If the price paid by the holding company for the shares acquired in the subsiduary company is more than the intrinsic value of the shares acquired, the difference is treated as.........................

Our company purchased some computers in $1500 on 01.01.2010. Converson rate on 01.01.10 was Rs. 46/- we paid $1500 on 20.01.2010. Rate on that date was rs. 47/-.

We booked in our books on 01.01.2010 as Fixed assets purchased for Rs. 69000 ($1500*46)so as creditors. and on 20.01.10 liability paid by Rs. 70500/- ($1500*47).

Now what will be the treatment of the differnce of Rs. 1500 as exchange loos?

Will it capitalised with assets or show under P/L A/c?

Hi,
I want to know the ESI % for employee and employer contribution and PF % and how topass accounting entries for the same in Tally.

PLEASE TELL ME WHAT IS DEFFERED TAX LIABILITY AND HOW IT IS SHOWN IN THE BOOKS OF THE COMPANY.

IS IT A PART OF THE PROVISION FOR INCOME TAX FOR THE CURRENT YEAR AND THAT TAX LABILITY FOR THE CURRENT YEAR WAS DEFFERED AND TO BE PAID INTHE FORTHCOMING YEAR AS LIKE DEFFERED REVENUE EXPENDITURE.

PLEASE GIVE ALL DETAILS.

I am auditing a charitable school?
1000 of student studing their?
Fees for the year 1000/ students?
50 Nos student being poor not charging fees?
100 Nos students paying half fee( ie 50%),because unale to collect?

How should account the above?
Should I accounts Cash basis Or accruel basis?
Pls advice on me about this?
Pls Specify the respective heads of accounts also?
What audit evidence should I collect?

Pls reply Urgently

Please send me a format of BRS.

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.