My query is,trust wants to create gau rakshan (Place where cows are kept) (it includes construction of compound wall and other facilities for cows ),for funding this project trust issues lottery and collects Rs 11 Lakhs from sell of lottery tickets and distributes prizes to the lottery winners of Rs 5 Lakhs. so i want to ask whether this income and expenditure on behalf of lottery tickets for construction is to be treated as revenue expense or capital expenses..

We have started a business of waste paper collection from door to door house/shops/factories in that we use to purchase from the market @Rs.10-12/kg. we want to book purchases in our books against the purchase invoice issued to the respective sellers for value as well as weight in the system but it is observed that when we finally count/ weight of the material purchased there becomes difference of weight in the inventory balance with us in the month end, Due to moisture/ weather fluctuation/ pilferage carrying the stock to the godown.
please advise how to treat shortage/excess stock in the books of account.how to take effect of the same in the balance sheet.

Pls tell what is the criteria for identification of non -corporate level II enterprises currently for applicability of Accouting Standards ? (especially turnover limit)

Sir let me know that what is the Indian & international accounting aspects regarding Cash flow statement.

what is the difference between presentation and disclosure

Dear All,
Please clarify my doubt on works contract.
I wanted to know that whether the cost of printing charge of envelopes by a medicine company is a works contract or not.Moreover the name & address of the co.is printed on the envelopes.

Thanks.

can administrative charges paid on purchase of land from land developer after 8 years from purchase of land be capitalised? or expense out?

Sir, I want to know if a bill has been raised on 31st march 2013, F.Y. 12-13 but received on 5th dec 2013. what would be the treatment of that bill? whether it is to be included in the above financial year or not?

what should I do after my CPT ATC or IPCC

What is the concept of Moving Average for valuation of inventory in manufacturing industries.??