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.

Hi friends,

Can anyone tell where the text for IFRS and IAS are available. In the website, only the abridged version is available

Regards

V.S.Sugan

Hi

Ours is an service company, everymonth we will account some portion of work executed as Work in process. Now I need to bill the same. can any one guide how to account the sales bill and whether we need to reverese WIP account.

AT THE END OF Every month i will do the following entry

WORK IN PROGRESS DR
TO INCREASE OR DECREASE IN UNBILLED REVENUE CR

can any one clarifiy this .

my email id is vanee_ind@yahoo.co.in

With rgds
Vanee

It is help me CS Course with MBA Finance