If a cheque has been received from the party say A, and then the cheque got bounced.Now the party issued a cheque in another's name say B. The cheque has been entered in the books with a new account B. B's account is showing credit balance and in A's account the bill had already been raised which is shown as outstanding. How the adjustment can be made. If the entry is made as

B Dr.
To A

is this correct. What should be the narration?

if advances have been received from clients and no bills have been raised yet. How can they be adjusted if the bills are not to be raised. Is this a correct practice by a company?

In the institute book they are given only 18 AS out of 32 AS for IPCC wheather these are sufficient for the examination point of view.
Pls give your Query.


With regards
MADHU

Can anyone tell me the rate of us dollar in rupee as on 31-3-2009. i search from google. but it was in vain

There are certain liabilities, say on account of credit cards which have been closed and other liabilities which are no longer required to be paid. Can they be written back? and the P&L would be affected by that. Will it also affect the income tax liability?

Hi ALL, I am planning to give the IFRS Certification exam., has anyone given this exam, how are the questions, are they very tough, does anyone have any question bank for the same ?

Or any relevant study material

Regards
Pooja

There was Credit card balance showing say Dr.52550 in our accounts and as per Card details it was Cr. 12000. The balance sheet was filed with the balance as per accounts. In next financial year, the opening balance was taken as afresh as per Card details. What and how the adjustment should be made to account for the difference in opening balances? could the difference be treated as prior period expense and Credit card credited with the difference?

Under A S - 16, borrowing cost includes the finance charges under Finance lease. Also, BC can be capitalised only if an asset is QA.

However, as per AS - 19, there is no such example or statement is provided.

Please let me know any example or case where finance charges of an leased asset under finance lease can be clubbed in the asset cost.

Dear All

I am working in one of Manufacturing company and in this company inventory control is very poor, i am new joining in this company and as an inventory control management task is given by managment to me we having 4 regional offices in Maharastra and that four regional offices having company own software i just want to know from all of you what is to major and major care taken to know about matarial in and out from that office i having following point if you having more then it then please add

STOCK TRANSFER NOTE (ISSUED FROM OFFICE)
1. Stock Tranfer Note No
2. Date
3. Issued to
4. qty
5. Amount
6. Name of Transporter
7. L.R. No
8. Items
9. expecting from you
10.expecting from you
11.expecting from you
12.expecting from you
13.expecting from you
14.expecting from you

STOCK TRANSFER NOTE (RECEIVED IN OFFICE)

1. Goods Inward Note
2. Date
3. Ref No (STN No of Other Office)
4. Ref Date (STN date of other office)
5. Received From
6. Qty
7. Amount
8. Item
9. expecting from you
10.expecting from you
11.expecting from you
12.expecting from you
13.expecting from you
14.expecting from you

its Practical dear i think all CA Student will implementing there Knowledge with hard core answer

thanking you

Dear Sir,

Define consuamble stores.

vat can be refundable on consumable stores.

its purchase and closing stock shown in trading and balace sheet or not under income tax act.

nut, bolt, arddite is consumable stores or not.

plz reply.
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