Anonymous

What is a accounting tratment of exps like share capital issue exps, court fee, transer fee etc. when any existing co. incurred for purchasing new co.?


Sankar Chakraborty
20 June 2016 at 15:38

Depreciation

Please let me know how to calculate depreciation under new act 2013. if useful life is overs then how to find WDV AS ON 31.03.2016 ---PLEASE GUIDE

EXAMPLE
FURNITURE & FIXTURES

DATE OF PURCHASE
21.02.2004 AMT: 6580.00 DEPRECIATION RATE FROM BEGINING @18.10% AND USEFULL LIFE 10 YEARS


Deven
20 June 2016 at 14:28

Net worth certificate

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 ???


charan

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.



Anonymous
20 June 2016 at 09:11

Related to difference in balance.

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.


Lisa Biswas
19 June 2016 at 19:50

ind as 10 and ind as 37

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.


RENU GUPTA
19 June 2016 at 16:31

Consignment Sales

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.



Anonymous
19 June 2016 at 00:07

Ifrs

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


Arun Rajan
18 June 2016 at 21:50

Provision needed for interim audit

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



Anonymous
18 June 2016 at 18:19

Regarding journal enteries

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 ??????????






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