Bank figure shows in the Bank Statement of RS.100000 on dtd.31.03.2009 but in our A/c (i.e.in our computer) shows Rs.95,000. At the time of finalisation of Account at the end of the year, which figure I will take in Balance Sheet (Rs.100000 or Rs.95000)? Will I pass entry of Rs.5000 in our computer which has not been cleared & credited to my Bank A/c? Kindly reply.

Please let me know, under what conditions we can provide the Depreciation Rate more than permitted by Companies Act & what are the pre-requisites for that.

This is regarding the presentation & disclosure of information under AS 19.
Please some one let know how the following transaction will be shown under AS 19 for year 2009-10 & 2010-11 books :

1. A company has taken a machine on lease rental for 3 years starting from 1st july 09 to 30 june 2012 for monthly lease rental of Rs. 10000/-, which after 3 years will become company property.

2. Company has took on rent a premise for 11 months lease from 1st jan 2010 for monthly rent of Rs. 20000/-..

3. A company has taken a car on loan for 6 years starting from 1st Oct 2010 to 30 Sept 2016 for monthly emi of Rs. 8000/-, which after 6 years will become company property.

suppose I had suppressed an investment in share from income tax. Now in scrutiny department had found that and charged the tax on the income derived from it. Now I am confused about accounting treatment of disclosing that asset in my book. please suggest proper accounting treatment. Refer, if any, accounting standard about this?????

Sir,

What is the journal entry for writing of fixed asset which has suffered depreciation. pls reply ASAP

As per As-11 Rules 2009 , Exchange difference arising on Depriciable capital assets is to be capitalized but at the same time increase/ Decrease in liability how to be account?

1. Increase/Decrease in Liability or
2. Increase/Decrease in General Reserve

Plz Kindly inform how to account for increase/ decrease in liability ?

Hi all

what is accumulated depriciation with example and treatment in accounts and journal enteries. Please as soon as possible it is urgent

Monia

DEAR SIR,
WHTHER THE DIVIDEND EXEMPT U/S 10(34)/(35) WILL BE CONSIDERED WHILE CREATING THE PROVISION OF DTA/DTL?
THIS QUERY IS ARISED DUE TO THE DILAMATIC PROVISION IN AS 22.IT SAYS THAT DIFFERANCE ARISING DUE TO "TAXABLE INCOME" AND "ACCOUNTING INCOME".BUT DIVIDEND IS AT ALL NOT TAXABLE INCOME.IT IS EXEMPT AS PER ABOVE MENTIONED SECTIONS.SO PLEASE GIVE ME SATISFACTORY REPLY REGARDING DTA / DTL.

Purchase good will from X company for 10 years for 100 lakhs (brand name)

what will be the accountanting treament entry per year will be come that is 100 lakhs/10 = 100000 per year

or Consolidated entry for first year for
100 lakhs for first year

(How to write of this expenditure some part for every year or total amount in one year )

Which are the books for a/c for PCC.
How we should study for a/c.