when is revenue recognised in a construction company? is it after completion of construction or as and when the expenditure is made? pls help me out.its urgent.

Dear All,

If book value of a commertial property (owned by a Pvt Ltd) is 50 Lacs and rent per month is 5,80,000
it means total rental income is 69.60 Lacs

then how in effect in

1. INCOME TAX
2. Wealth Tax

Humbly request you all to please advice

Dear All,

I need to know the margin percentage,
cost price 0.070 and selling price .800 how to calculate Margin percentage.

Profit is ( .070 - .800)= 0.730

Margin per is 0.730/.800 = 91.25%

is it correct

Dear Friends
I am working in company which have two manufacturing Unit. Out of These Two one unit in situtated in Specified area and its profit is 100% exempt from tax US 80IB. Company is paying MAT on its profit as its one unit profit is 100% exempt. Company has track record of earning profit and it is estimated that it will earn profits in forseeable future to.
I want to know how to treat MAT credit available for compulation of defferecr tax asset/liability.
Kindly clarify.

Can someone pls tell me how they calculate/estimate work-in-progress or unbilled revenue as per the requirement of As-7, for software development companies?

Contracts are both T&M and Fixed contracts.

Sir I want to know about Debit & Credit note its definitions & difference.

Dear sir/Madam Plz solve my problem i am accountant in NGO
Problem
On 31.3.09 bank Balance Rs 100000
on 31.3.09 advance to mr x 50000
i have joined the NGO from 1.4.09
1.4.09 Grant Received Rs 500000
3.4.09 Travelling allownce paid Rs 30000
30.4.09 Salary paid Rs 200000
MR X SETTLED ADV OF RS 5000 FOR FOOD ON 29.4.09
TRAIL BALANCE AFTER POSTING LEDGER ITS NOT TALLYIED PLESE HELP ME

TRAIL BALANCE AS ON 30.4.09 DR CR
CASH AT BANK 370000
GRANT RECEIVED 500000
SALARY 200000
TRAVELLING 30000
FOOD EXP 5000
MR X ADVANCE A/C 45000

GRAND TOTAL 605000 545000

what is "core current assets" in the chapter of working capital requirement ?

what is levered frirm & unlevered firm ?

dear sir

Pls clear

can i purchase a fixed assets in cash
and how much amount i can invest in cash
what loss i will get in the transaction