when asset is treated as qualifying? in some questions advance to supplier for machine is treated as qualifying n in some it is not! whts the concept!???

dear sir , i am working in automobile work shop . we are purchasing paint material with excise invoice. can we take input credit for100% on that. pld clarify as early as possible.

what is mean by trading on equity? ????

just want to know the procedure or diffent kinds of taxes deducted from contractors bills and departmental work bills please i want to clear doubts help thank you

DEAR SIR, my query is following -credit sale made to a debtor.being payment due from long time period ,a provision was created. later on recovered from debtor. what will be accounting enries in all such cases. what will be entry of provision reversal. will it be adjusted against our co.'s income.
thanks in advance.

Dear Experts,

I need your valuable suggestions regarding IFRS. I am working in a PVT LTD Co. in Accounts.
I am planing to go for IFRS but confused whether this will help me because the Implementation of IFRS in India is still unclear.
Since 2009 most of the students completed IFRS but not many got opportunity to work in IFRS and not many got advantage/appreciation in their jobs for doing IFRS.

Also, If you won't suggest IFRS now then should I go for CIMA.

Best Regards

A company engaged in the manufacturing and exporting of jewellery and have purchased immovable property i.e. shops in the mall. The same has been on rental basis and the rent income is shown under the head fixed assets and the depreciation is being claimed on the same .

please advise us the above practise is correct or whether this should have been shown under the head of investment.

Pls help
A party purchased a land of rs. 50lacs from a seller, the sales person had already borrowed from GIDC . At her request, purchaser had paid a D.D. of Rs. 30lacs directly to GIDC(Gujarat Industrial Development corporation)& remaining amount to him.

what is the journal entry for above transaction ..

I have received of postpaid bill for the period 22.03.2014 to 22.04.2014 of amount 1000.
please help me to how to pas the entry in my own book
I have pass the entry like this


telephone exp... 733.33
telephone exp payable 266.67
HDFC BANK 1000

my company has 6 branches and the turnover of each branch constitute
A-10 LACS
B-4LAC
C-25LACS
D-45 LACS
E-80
F-1.1 CRORE

HOW TO CALCULATE WEIGHTED AVERAGE TURNOVER AND HOW TO ASSIGN WEIGHT FIRST......