what is accountanting standards

if an individual received bonus share from the company then what a/c he should credited in his books.

Dear Madam/Sir

An individual owning a property enters into a joint venture with a company to demolish the existing property and construct the residential flats on it for sale to the common public.

Is AS-7 applicable to the company.

Regards,
Jyoti

What are the pre requisits to comply with AS 9 in case of sale of goods?

I mean what are the things we should have, to book sale in books to comply with as 9?

Hi all,

i have one query regarding stock
i am using tally 9

suppose purchase is 100 mt @ 1250 Rs/Mt total amount is Rs.125000.

i am giving this 100 mt for cleaning process, after cleaning process i am getting 90 mt as finish goods.

can any body tell me what would be finish goods value and what would be cleaning loss amount.

please also tell me which entry to pass in tally and how.

thanks in advance for your co-operation.
hemant

Dear,

Let me know about the entry to be passed and the effect of the transaction as given:

One flat is purchased in the underconstruction builidng which will be completed in next 3 years but advance to be paid from the 1st year i.e. on the date of purchase so how can i show it in financial and the effect of it.

IF ASSESSEE HAS RECEIVED BONUS SHARE FROM COMPANY WHICH A/C HE SHOULD CREDIT.

Hello plz Help Me ......

My Question Is on 10.1.09 X taken Advance Of Rs 10000 , I have entered in cash Book X Adv A/c Dr To Cash A/c, but On 15.1.09 X Submitted Expenditure Against Adv taken Actual Expnditure Occured for travelling rs 15000 But Adv taken Rs 10000 only Still Rs 5000 Payment have to made , i have written the entery by the journal by Travelling A/c dr 15000 To XadvA/c 10000 to Cash A/c 5000 is it write plz sugeest me i am in confuse Plz give Example By Passing Entery

Hello sir,

I wanted to know the applicability of AS-7 in the following case:

An individual has given his property to a company to develop and build residential flats. In exchange the individual will get 3 flats. So, is AS-7 is applicable on the company.
Please help.

Regards,
Jyoti

The asset is wrongly classified as P&M instead of Intangible asset. whether Amortisation/ Depreciation shall be with retropective or propective effect?