Accounts QnA - Page No 1684

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amit goel

11 August 2008 at 16:35

ACCOUNTING TREATMENT FOR BOT

HOW IS THE ACCOUNTING FOR BUILT OWN TRANSFER "BOT" CARRIED OUT IN THE BOOKS OF TRANSFEROR AND TRANSFEREE. IS THERE ANY ACCCOUNTING STANDARD IN THIS REGARD?

Vishnu Agarwal

11 August 2008 at 15:30

work of hedger

what is the work of hedger?

Vishnu Agarwal

11 August 2008 at 15:27

relating to spot market

what is the spot market?

Vishnu Agarwal

11 August 2008 at 15:25

relating to market

what is the underlying market?

Vishnu Agarwal

11 August 2008 at 15:22

relating to assets

what is the underlying assets?

Vishnu Agarwal

11 August 2008 at 15:04

relating to spot market

WHEN is the spot market?

Reeji Rakesh

11 August 2008 at 14:55

Hai,

I have one doubt about fixed asset buyback. We have purchase a new EPBX and sale the old one ie in the buy back scheme. Actual value of New set Rs.28,000/-, Old set Rs.10,000/- the net amount, actual they billed in the invoice Rs.18,000.

What was the treatment in our books of accounts?

Whether it is true the invoice show only the net value ? or how it show?

Shall we accounted the net amount?

Pls help me its urgent............

Anil

11 August 2008 at 14:27

Pre-operative expenses

This query was posted few days back but strangely it disappeared shortly after posting(after the site was down for maintainance). Here is the query again:

Which AS or guidance note deals with the accounting treatment of pre-operative expenses?

Thanks.

Anil

11 August 2008 at 14:20

Bank terms negotiations

This query was posted few days back but strangely it disappeared shortly after posting(after the site was down for maintainance). Here is the query again:

I have two questions .Answer below questions Separately.

1)Is the terms of NATIONALISED BANKS IN INDIA with respect to Interest Rate, Bills Discounting Charges, Concessional TT/DD charges, Import LC charges, etc negotiable OR are they governed by internal policy which has to be strictly complied?

2) How does one go about negotiating the above mentioned terms ? Does one has to get the quotation from various banks before getting into negotiations ? I request the experts to please share their personal experiance in this regard in detail.

joshy k.g.

10 August 2008 at 21:03

AS-10 Fixed Assets

My Client purchased an asset on 01-04-2004. on 01-05-2007 company got asubsidy from govt relating to this asset.
How this subsidy amount treat in books?
Is it depreciation reworking from o1-04-2004 needed or not?