Can a chartered accountant issue Net Worth Certificate if Net Worth is Negative ??

if yes can anyone please give me the format of the same ???

The Trust has sold a fixed asset at a value less than book value (loss). The point is that now can we claim that loss (debit to p & l A/c ).

If so, Section 11 of IT Act 1961 permits to do so.

Please guide me with this.

When I saw the account statement upto 29 feb. The closing balance upto 29 feb does not matches with the opening balance of 1st March. I am using Tally 7.2. Thanks in advance.

suppose a company had a pending litigation as at the reporting date 31/3/2016 and it was probable that the settlement would lead to an outflow of resources, so a provision had been made based on reliable estimate for Rs. 50k. The financial statements were approved on 15/5/2015, on which date the estimate for settlement was revised to Rs.55k, then on 30/5/2015 the claim was finally settled for Rs 57k. so what should be the amount of provision to be recognized as at the reporting date i.e. 31/3/2015.

Altd has entered into agreement with Mr. B tht B will make sales on behalf of Altd. A ltd sell product to B at Rs. 100 and then such goods are sold by B at Rs. 105... would A ltd recongnise such Rs. 5 as its revenue in its books of accounts ? Explain with the help of AS 9.

From where to do IFRS course online or offline for CA based out of Bangalore.

i have 3 years of post qualification exp in Business development and my new role is of revenue assurance in IT cos . so i want to do IFRS course. please advice

Is there any need to provide provision for interim audit alo g with statutory and tax adit fee ??

A Proprietorship firm take a loan from bank. for bank loan bank open new account & credit loan amount in new a/c. now the question arises what is the entry for that transaction ???????????
bank A/c Dr.
To _________________
what is the entry in case of loan repayment ??????????

We as a nuclear family is residing in an ancestral home. As our family grows we have constructed a additional floor on this property for living. Me, my father and my mother has contributed the capital to construct this additional floor. My query is that as this is a very huge expenditure, could me, my father and my mother can debit our personal capital accounts to show this expenditure as the title of this property does not belong to us but to my deceased great grandfather and the asset created out of this expenditure will not reflect in our balance sheets. If not, then what would be the treatment of this expenditure.

commission on sales promotion is dirct expenses or indirect

Please tell me