My client has recently started a consultancy service and took a building on rent .He incured nearly Rs.1 lakh for improvements of the said building like ceiling,construction and partition of walls etc.How should this be accounted? Whether he can capitalize it or treat the same as expense?

Hi,

I have a query in consolidation of financial statements. These pertain to AS 21.

Facts:
H (Holding Co.) has acquired 100% shares in S (Subsidiary Co.). At the time of purchase, the pre-acquisition net worth of the company was negative (Say Assets minus Liability was INR -400). H however paid Rs 10 (equivialnt to share capital of S)to acquire the 100% holding.

Query:
What should be recognised as goodwill amount in CFS. Whether INR 10 or INR 410?
Please provide relevant supporting or logic for the same.

Dear Sir,

I have entered all the opening balances correctly, then also difference in balance amount is there, and the amount is exactly of closing stock of last year i.e., opening stock balance of current year.
I have entered opening stock balance in stock in hand, then also reflecting difference in balance.

Please tell me the solution.

Thanks.

Pls tell me what should be singing date of Financial Statement of FY 2013-14 if it is prepared now. The date should be in year of 2014-15 or year of 2015-16?

i have made provision of expenses some are excess and also some are short provision of expenses at the year end now my question is that any impact of income tax while computing income tax return(whether prior period expenses shall be treated excess or short provision of expenses.)

I want to know about the changes applicable in MAY 2016 ca final accounts.

I require all abt patent, trademarks, copyright & their differences

For Dollar Ruppee conversion rate from where do i take the rate? If the transaction is on Weekend then which rate to take?

Twenty two balance sheet when /why/ where , preparation my client want this, I don't no this so please me expert real to I pay service training this preparation my client is business type :- prop.ship

Sir / Madam,

A Loan account / CC of a Private Limited Company (Borrower) has been declared as NPA by the Bank in July 2014.

Bank has also reversed the interest charged on Borrowings for first 3 months i.e. from April to June 14.

My questions are from point of view of borrower:

1. What accounting treatment shall be given by the borrower in his books of accounts?

2. How to show this account in Schedule III?

3. What are the other required disclosures in the Balance Sheet?

Thanking you in anticipation.