Dear friends,

Please tell me the basic steps in preparation of accounting manual.
Format of Accounting Mamual of a construction company and hotel industry.if someone is having please me at ashugoel_ca@yahoo.com

Dear friends Give me more details about Bank reconciliation

Can anyone guide me on the following?

A company has acquired leasehold land for a substantial value compared to its turnover ( nearly 10%.) The same is shown in Sundry Creditors.
I want to know about the possible voilations in presentation of financial statements and computation of Working capital Gap? To me this appears as utilisation of short term funds for long term investment. Please clarify.
At present, I am not able to know the source of finance for this acquisition.
Thanks in advance.

why we write DR notation for Debit and CR notation for Credit

WHAT IS THE DIFFERENCE BETWEEN IAS AND IFRS

If originally the asset was purchased with an option to sell back the asset to the vendor within
stipulated time(if company gets better price in market, it can sell it in the market) and so the
depriciation was charged on the term of the buy back agreement considering the buy back price and
the period of option as the usefull life of the asset. But subsiquently management has decided not
to sell the asset back to the vendor and to retain it. How would this decision affect the charge of
depriciation on such asset?

in a company during the financial year the rent income is adjusted against the advance rent every year. but in previous year the same was not done by mistake. what is the solution to this problem?
whether the same can be done for the previous year in current period or it should be leaved?

HI friends, i come across many times with ECONOMIC BENEFITS and ECONOMIC DECISIONS. can anyone explain me with example the above 2 words?

After amendment to AS 11 and Schedule VI on foreign currency transactions involving fixed assets, Can anyone guide me of the treatment of exchange fluctuations for foreign currency loan utilised for purchase of fixed asset from a country outside India? Is gain / loss charged to P/L or adjusted in the carrying cost of Assets?

Please guide.

Can anyone guide me on the following?

A bank guarantee was given by a company which was encashed by the party. Earlier the amount of guarantee was shown as Contingent liability. Though the same is encashed, company is sure to recover the same but this litigation process may take some time. Till the time, do we need to adjust financial records for the amount?

Thanks in advance.