I m doing the audit of a Private limited co...
The Company has received subsidy from government against plant & machinery of Rs.1014900 on 11/what is the treatment of te same in the balance sheet & how can i disclose the same in Notes to accounts.
Plz advice soon

I have added one part to my existing old asset and the part is not increased the productivity a or life of the same old asset.Whether i will capitalise the part under the old asset or not.If yes what is the reason plz suggest.

My salary is 35000/- How to calcuted the HRA

DEAR EXPERTS
IN PVT LTD CO INCOME TAX WHAT WE PAY TO THE GOVT IT WILL BE TREATED AS EXPENDITURE?

balance of the petty cash book is an asset or an income

Hi,

Please clarify whether a change in assets in laibilities between two yerars can be entered in a cash flow statement. To my mind, CAsh flow should contain the sources & application of funds in a year. The change in the assets & liabilities comes in a Fund Flow. Please clarify.

If cash system of accounting is used and for any fixed assets purchased 80% payment is made and balance 20% amount is retained as retention money. In that case fixed assets should be Capitalised at 80% Valaue or 100% Value.


Thanks in Advance.

What decides, where will excel sheet containing tally export data be produced and how can we change destination to get the sheet produced at a place as per our convinience?

Hi Friends,

a piping contractor in tax audit ac asset is sold from the balance sheet ac the Profit of Loss calculated is after dep. or No Dep.
Eg: Truck Rs.50000.00 Dt:1/4/2008 is sold in 30/9/2008 for Rs.60000.00 there is a profit of Rs.10,000.00 should dep charged for 6 month or for the year 12 months. Profit on asset sale under which A/c Group in Tally.

Regards

A Ltd company invest some Amount in developing Software, and they want to recognise the same as deferred revenue expenses please suggest whether they can do so, please give me reference of Company Act, Accounting Standard or IT act whichever is applicable