Naveen Soni
08 September 2017 at 03:40

Forex accounting

Our home currency is INR and and my company maintaining USD account also and when we recieved dollor from our client directly in usd account then on which rate i should take to enter transation


When we are pay to supplier from after recieving the dollor from usd account then what rate should take to enter the transation


venkata vamsi krishna vedantam
07 September 2017 at 23:46

Doubt clarification

in preparing cash flow statement though indirect method information given receipt of govt grant 12 lakhs depreciation provided 20000 lakhs net increase in working capital 56081 lakhs excluding changes in cash and cash equivalents they do not provide information regarding amortization of such grant now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs now we deduct 7 lakhs from net profit in order to arrive at operating profit what adjustment to be made to working capital changes considering this new adjustment made by me we have to deduct such 7 lakhs from net increase in working capital 1500 lakhs and we have to deduct working capital increase of 56074 lakhs from operating profit we found to arrive cash flows from operating activities i want to know the reason?
reference of above question ca ipcc old scheme accounting module 1 financial statements of companies chapter cash flow statements star oils limited problem page no. 2.74

Read more at: https://www.caclubindia.com/experts/doubt-clarification-2565029.asp


Swati Sharma
07 September 2017 at 18:22

Foreign exchange earnings and outgo

Dear Members,

What is meant by Foreign Exchange Earnings and Outgo?
Does Outgo includes any payment made via online to Foreign Co.


Yogesh
07 September 2017 at 13:52

Buy back of shares-debt equity ratio

Why we include Current Liabilities In Debt at the Time of Calculating Debt-equity ratio for The Purpose of Buyback and Why current liability is not included in debt-equity in Financial management?!


venkata vamsi krishna vedantam
07 September 2017 at 13:48

Doubt clarification

in preparing cash flow statement though indirect method information given
receipt of govt grant 12 lakhs depreciation provided 20 lakhs
net increase in working capital 1500 lakhs excluding changes in cash and cash equivalents
they do not provide information regarding amortization of such grant
now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs
now we deduct 7 lakhs from net profit in order to arrive at operating profit
what adjustment to be made to working capital changes considering this new adjustment made by me
we have to deduct such 7 lakhs from net increase in working capital 1500 lakhs and we have to deduct working capital increase of 1493 lakhs from operating profit we found to arrive cash flows from operating activities
i want to know the reason?



Anonymous
06 September 2017 at 14:36

Professional tax

What is the definition of salary for Professional Tax?
PT shall be levied on gross salary or basic salary?
Shall overtime be considered in the definition of Salary?



Anonymous
06 September 2017 at 10:40

Capitalise asset

can i put in accounts a new phone purchased from abroad?can i capitalise


venkata vamsi krishna vedantam
05 September 2017 at 23:09

Doubt clarification

what is the effect on working capital position on receiving grant from government?
and we amortize the grant so received over a period of time


arun

Please help me
Mr. A received Interest of Rs. 74865/- on Security Deposit from Electricity Company and TDS to be deducted @10%
What is the entries in the books of A for both Interest and TDS.


Nasir Ahmed

expenses paid for registration of vehicle under which accounting head.






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