Anonymous
02 January 2010 at 19:24

Bank Gaurantee & LC opening

Dear Sir,

I would like to know about th procedure for bank guarantee & letter of credit as per Indian Banking standard.


Ravi Dewangan
02 January 2010 at 17:50

Security Premium


Dear Sir

if we are 10000 equity sahre at each 10 rupees issuing with security premium 2 rupees and application money is 3 ruppes and allotement is 2 rupees.

dear sir plz pass journal entry with due and receipt entry simultenouly adjust security premium amount

plz discribe security premium and disscounted term in company , what is effect in total share capital thereof?


CA Jigar Parikh
01 January 2010 at 19:43

Cost of Fixed Asset

Hi
This question is with respect the cost with which the Fixed Asset should be recorded in the books of accounts. The transaction goes like this...

Mr.X sales few high value assets on behalf a company which in turn gives asset to Mr X. The assets so received can be termed as Fixed Asset for Mr. X. (May be one can take a view that this is Gift or can also say that its consideration in lieu of commission!!)

What should be the cost of asset that should be accounted / recorded in the books of accounts?? (pls give reference of ASI / AS / IFRS / guidance note paragraph in the context of answer)

Regards
Jigar


alpesh
01 January 2010 at 14:56

Depreciation Rate

Hello
How Company Decide to Charge Dep. method i.e. straight line or W.D.V. & reason for selection method.? which is best method?


CA-ASPIRANT
01 January 2010 at 13:07

Impresst to Un known Person

Dear Sir,

HAPPY NEW YEAR, 2010

PROBLEM:
Generally it is seen that a person who is not employee of the business enterprise receives imprest and in the books of account imprest receivers accounts is opened.

Should we provide imprest to the person who is not an employee in the business enterprises.

Please explain it.



kamlesh
01 January 2010 at 12:05

Expenses are allowed or not

If telephone bill and elecricity bill is not in the name of the Company, can these expenses will be allowed or not?


M Inam
31 December 2009 at 15:41

Accounts

What is the meaning of above the line & below the line items in Balance sheet? what are those items....?


alpesh
31 December 2009 at 13:00

Authorised Share Capital

Hello
How & Who decide about Authorised Share Capital , & on what basis amount decide. if Co want to increase the same on which fanancial factor to be conditionred

Please explain me
Thanks



Anonymous
31 December 2009 at 12:42

TDS on refill printer toners

Dear Sir,
I want to know about TDS applicability on refill printer tonners. Please guide
Thanking you


CA Haresh Varia
31 December 2009 at 12:08

Accounting of TV stand

A co - operative organaisation or trust have purchased TV Stand costing Rs. 10000
Should it be capitalised or treated as expense






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