In case of IT depreciation being more than Accounting depreciation, the deferred tax liability would arise. Should be shown in Balance Sheet of the same year in which it arises? Besides as far as its accounting treatment is concerned it would be shown in next year books. While calculating advance tax for this year, whether it should be taken into account for adjustment or not?

In preparation of consolidated cash flow statement:

a) whether individual cash flow statement of subsidiaries and Parent to be taken and consolidated.

OR

b) Cash flow statement to be prepared from consolidated Balance sheet.

If a company got incorporated on 03-12-2008 and it has prepared its accounts for financial period from 3-12-2008 to 30-09-2009 and subsequent to that there will be one more accounts which will be for the period 1-10-2009 to 31st March, 2009 to follow the Income Act, 1961. Thereafter, the company accounts will be prepared from 1st April to March.

Can you please commend on this.

What is the use of
Accumulated Depriciation?
Give an example transaction for
accumulated depriciation.

Can we post depriciation monthly twice?

Thanks in advance
fazle_sap_fi@yahoo.in

Pls give me the balance sheet format under schedual IV

Thanks in advance

fazle_sap_fi@yahoo.in

What is the capital gain?
I am a little confuse about capital gain

Thanks in advance

fazle_sap_fi@yahoo.in

What is Payment advice note?
Pls explain it and give me a format of this.

Thanks in advance.

fazle_sap_fi@yahoo.in

WHAT ARE THE BOOKS OF ACCOUNT TO BE MAINTAINED BY A LAND DEVELOPER?

Pl. tell me the jouranl entries to be passed in the books at the year end to close the books like, transfer of profit to P&L account, Gen. reserve, Proposed dividend, tax on dividend, closing stock, Provision for tax, deffered tax, unclaimed dividend, etc.

I WANT TO APPLY FOR OD LIMIT WITH A BANK FOR A NEW COMPANY. I WILL HAVE TO GIVE PROJECTIONS FOR 4 YEARS P/L, B/S, FUNDLOW, CMA ETC. OUR REQUIREMENT IS 5 CRORE FUND BASED & 3 CRORE NON FUND BASED

I WANT TO KNOW IN THE PROJECTIONS SHOULD 5 CRORE BE CONSIDERED AS LAON FROM BANK OR NOT ?

PLEASE GIVE DETAILED REPLY