What is the difference between fictitious assets and deferred revenue expenditure?

Please help me in this regard;
One company have to pay an one time payment of 25 cr to govt for using river water and it is to be paid in 5 installments,there is no specific time period for using the water after payment of that amount to govt.Then what will be its treatment in companys books of account. That amount will be paid from this f.y.

If currency purchase or sale what entries is passed in books of sccount
please share

what is method of calculation of

Bonus
Leave Encashment

Gratuity

please reply this question.

what is C W I P as per accounting language

my cousin brother wants to transfer money to me or either my parents so from tax point of view who will benefit in this? if I receive the money then do both of us have to pay gift tax as it is not in blood relation, he is my cousin . please help. other than gift what can be done?

If a government retired employee receives arrears of pension during the previous yr. Is there any provision related to arrears received in Income tax?

Whether Investment in Residential Flat only covers Expenditure incurred on Roof, Walls, Carpet area and Electrical Fittings etc..What about Cupboard fitted in kitchen, living area, Bedroom by the builder, whether the Income Tax officer would treat this towards Capital Cost of Construction or it will be excluded at the time of valuation of the property.

Thanks in Advance.

sir i m new in Accounts feild. pls tel me something about finalisation of blance sheet why we do it and how?

Hi how to compute turnover for maintenance of books of accounts in case of speculation business?? what is the limit beyond which we have to maintain books for speculation business??? Thanks in advance.