Dear Friends,
What are differents aspects to be emphasised in construction industry regarding revenue accounting?

What is the meaning of APC charges?

What is 'asset denominated in foreign currency'? How should the exchange difference as on year-end date be treated as per AS 11?

Is it possible to convert at the same time share application money to Share Capital and loans from shareholders.

If yes what are the accounting and reporting implications under companies act.

What is the meaning of cost to company?

What is the meaning of distribution tax?

What is the meaning of FPO

What is the meaning of Memorandon of understanding?

we are in air hostess training services, in the month of feb and march we did udaan activity in which we collect rough data from the school and colleges than we give the rough data to a IT company for converting in to final data from which we can call the student from april onwards from this we received the business which generate revenue in comming year.
my query is that whethwe we can deferred the exp incurred in collecting the data in the month of feb & march.to the period in which we generate revenue from this activity. pls give some supporting evidence for ur reply of the same such as any AS, Section , Case Study , Guidance , so i can discussed with my boss

Dear Professional Friends,

A Company has paid a amount of Rs. 10,00,000/- for acquring a LEASEHOLD LAND for a period of 60 years and which are to be amortise equally in the books of account during 60 years period.

Can you please suggest me what will be the accounting entry. can it be treated as fixed assets in the Fixed Assets schedule.

Plz reply.

Thanx & Regards,

CA Arvind Singh