Suppose Altd. has taken loan from director of say Rs. 10lakhs on 1/4/2012 @ 9% P.A. It has made various payments to directrs on various dates, say Rs. 150000/- on 14/06/2012, Rs. 43000/- on 02/08/2012, Rs. 190000/- on say 15/12/2012. A ltd. has further taken loan of Rs. 5lakhs on say 15/01/2013. How to calculate Interest on loan as on 31/03/2013????

Whether the two companies are related parties or associates?

Company X has a shareholder named A who holds 99% shareholding in Company X.

The mother of A is a director in Company Y.

Plz help me to know whether Company X & Y are related parties.

Plz reply asap, as its little urgent.

Thanks in anticipation.

How to calculate average monthly currency rate for accounting the foreign currency transaction.

Kindly guide about the concept of amortisation (of assets). Thanks.

what are the prerequisites for making an application for registration under section 12A for NGO...whether a newly registered ngo is eligible for making such application..plz give me your valuable advice...thanx in advance

our company got the notice from tds cpc regarding company have booked tds over. hence I have verified tds consolidated file. I found one mistake in that. in July month tds 7000 deducted and paid in next month 7th of Aug. but in tds return wrongly mentioned tds challn details that is 7th July paid challn. my question is how to rectify. pls suggest me

pls help! urgent.. is 30th april d last date for joining or for submission/registration for nov 2013 ipcc pass student in order nt to lose ca final attempt? some ppl say dt 31st march is d last date for joining! pls give clarity regarding d same..

Dear Sir

Shall we capitalise the following as fixed assets ?

1) purchase of new cartridges
2) purchase of computer mouse
3) purchase of motherboard, adapter, hard disc
4) purchase of UPS

Total purchases may be below 50000 to 60000.

Please answer and if yes to which account should this be debited ?

Thanks
Arun

I have fixed deposits of two banks and opening balance is shown of two fd accounts.when i tallied both the bank's fixed deposit,i found that there is a deficit in 1 bank's fd and the same amount is shown as surplus in other bank's fd. can i adjust the surplus amount with the defecit?
ex: fd with sbi showing deficit ( 10 lacs)
fd with central bank showing surplus 10 lacs

can i adjust them as on 1/4/2013?

What IND-AS are applicable on Companies ???