Accounts QnA - Page No 1701

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Chitra Mohan

25 July 2008 at 15:16

Fixed Assets Register

Does anyone have the format of a Fixed Assets Register? Also, pls. guide on statutory provisions relating to the same.

joshy k.g.

25 July 2008 at 12:22

Prepaid expenses for Advertisment & publicity shown in Balancesheet from year 2003-04 onwwards
from which a particular amounts is shown as expenses in each year from 03-04
what about your opinion about showing balance not w/off amount in balance sheet in the f.y. 2007-08

Anil

24 July 2008 at 16:32

Scope of Financial planning

Please let me know all the matters Financial planning include in its scope.

Thanks.

Anil

24 July 2008 at 16:32

Financial planning

Please let me know all the matters Financial planning include in its scope.

Thanks.

C.A Alok Mukherjee

23 July 2008 at 18:41

Accounting treatment of free goods issued along with sale of

In a retail business, it is a common practice to issue goods at free of cost along with other items of sale. I want to know what should be true accounting treatment one should adopt in an ERP set up retail chain?

Some retail houses are showing as sales at cost prices and the corresponding value are also shown as sales promotion. Since purchase is already booked so effectively the loss is also booked. A retail house is transfering the items at zero value and simply showing as sales promotion by crediting purchase.I find the second treatment is more rational, however, there may be again the question of accounting treatment of VAT in this situation. Please provide your suggestion ASAP.

Bhaskar

23 July 2008 at 17:13

IFRS Web site up gradation considered as Intangible assets

whether investment on upgrading web site of organization will be intangible asset & how it will be treated
please elaborate as per IFRS

Bhaskar

23 July 2008 at 17:10

IFRS Web site upgradation considered as Intangible assets

wether investement on upgrading web site of organisation will be intangible asset & how it will be treated
please elobrate

Guest

23 July 2008 at 16:37

Negative EPS

Can a company have negative EPS ? Can we show negative EPS in Balance Sheet or just 0 if it is negative.

Padma

23 July 2008 at 13:31

Interest payable as decided in arbitration

Hi guys,

I have one quey, if any of you can please help:

We have constructed an asset in say 1998, for say Rs. 75 lacs, there was a dispute with the contracter regarding the cost of construction. The case was taken for arbitration and consequently in 2008 final decision came up, and we have to pay 10 lacs to the contracter for the asset alongwith Rs. 10 lac as interest. In total we are paying 20 lacs. Rs. 10 lac paid against cost of construction to the contracter will be capitalised (no doubt ). The question is regarding the treatment of Rs.10 lac paid as interest. whether it be capitalised or taken in P/L? How and as per which AS?

Thanks and Regads,
Padma