Accounts QnA - Page No 1695

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Prakash Jasani

04 August 2008 at 21:15

Forward Contract

Dear Experts,

I need material related to forward contract,if anybody have. Pls.send me my email id bec's I dont know how to accounting in FC.

Curently I am in one audit of our client & they have transaction related to FC.

prakashjasani_56@rediffmail.com

Regards,
Prakash Jasani

Vishnu Agarwal

04 August 2008 at 16:31

reporting currency

what is the reporting currency?

GOPAL JOSHI

04 August 2008 at 15:11

Account head

hi friends,i am gopal, please help me my querry is:-
340 books of Rs.9,65,649 purchase for library is debited to Library exp (as a revenue exp) but i think that this is wrong account head. What "Books & Periodicals" is correct account head or any other. please reply as soon as. Thanks (in advance)
my e-mail id- gopalj7@gmail.com

GOPAL JOSHI

04 August 2008 at 15:10

Account head

romil jain

04 August 2008 at 14:02

Accounting policy w.r.t AS - 15

i) Total No. of employees is less than 20.
ii)Period elapsed from the date of
commencement of incorporation of the
Company is less than 5 years.
iii)It is a private limited company.
iv) Company is not providing any retirement benifit scheme including gratuity.
What are the accounting policies and notes on account that the company should follow w.r.t. AS 15 ?

Anil

04 August 2008 at 12:15

Balanced Scorecard

A job requirement for Finace professional says he/she should have exposure to 'Balanced Scorecard'.

What is Balanced Scorecard ?

Thanks.

Vishnu Agarwal

04 August 2008 at 12:04

reporting currency

What is the reporting currency?

Vishnu Agarwal

04 August 2008 at 11:49

reporting enterprises

What is the reporting enterprises?

Vishnu Agarwal

04 August 2008 at 11:46

intellectual property

What is the intellectual property & examples of it ?

Angayarkanni Murugesan

04 August 2008 at 10:33

Capitalisation of Exchange rate difference

Sir,
the fixed asset is imported in December 2007 and is capitalised at the exchange rate prevailing on the date of bill of entry. The purchase consideration is payable only after 180 days. when the balance sheet is prepared, the current liabilities and the fixed assets have been shown at the rate as on 31.03.08 and the difference is adjusted to Fixed assets and taken to P&L account. Depreciation also adjusted accordingly. Is this entry correct?