Hi Sir,

Could you please clarify

can depreciation be charged before commencement of business in case of a newly formed company??? if yes..then as there is no P&L a/c..the same would be treated as pre operative exp..isn't it???

how to do share entry from contract note (purchase & sale)?

Please can you tell me that FD for the period of 6 months or more, is equivalent to cash or not. Furthermore, please tell whether FD for the period more than 1 year can be assumed as current asset.

And please support your suggestions with logical reasons also.

Thanks

A company has sold some goods to its sister concern in FY 2008-2009. Now in 2009-2010 the company would like to take back the said sold material.
Whether it could be possible to show it as a fresh purchase in our books? any accounting standards, norms, principles, policies on this issue?

Company gives fixed expenses to employees as well as professionals. Fixed expenses includes fixed mobile bill payment, fixed food expenses irrespective of expenses incurred or not by the person. What should be the head of the expense. because we dont have any bill to support the expense.

A company has sold some goods to its sister concern in FY 2008-2009. Now in 2009-2010 the company would like to take back the said sold material.
Whether it could be possible to show it as a fresh purchase in our books? any accounting standards, norms, principles, policies on this issue?

I want to know that can i club my agri income with other business income & show it in P & L A/C
IN DETAILS
1. CAN I CHARGE AGRI EXP IN P&L A/C
2. CAN I CREDIT AGRI INCOME IN P&L A/C
3. IN THAT CASE MY OVER ALL PROFIT IS
FROM 2SOURCE ONE IS AGRI & ONE IS
BUSINESS.
4. IN THAT CASE MY AGRI INCOME IS ADDED
TO CAPITAL OR IT WILL CHARGABLE AS
REGULAR INCOME & NO SPECIAL TREATMENT

Hello, Please advice what are the basic requirments in bank reconciliation. and provide meaning and over draft. and please advice me bank interest formola.

Can someone please send IFRS- List(updated

Sir,

A company has increased the authorised share capital and has paid ROC fees as Rs.80,000/-.

What will be the accounting treatment of this expense.

Regards,
Jyoti