When interest is reinvested without crediting.As both principal + interest.what is accounting entry???????

Is there any depreciation will be charge on Jewellery item as the same showing as a Fixed Assets in Balance Sheet or what will be the accounting treatment for the same.

A property is owned by a male person. he has taken a house loan for the property and the same is self occupied by him n his family. can the husband n wife both claim deduction for interest paid on housing loan. if yes than how much? for eg the interest for the year is RS.2,50,000/-

I have one query . Suppose Mr. x owes 2 companies i.e. company A and Company B. company A sold of rs. 15000/- but amount recieved by Comapany B. so what should be entry in tally.

please mail me solution as early as possible.
my mail id is jpriya67@yahoo.com

what is important in taxation matters, the knowledge of law or practical experience... like if I have adequate knowledge of the taxation laws but at tje same time I have no practical exposure.. can I make a good career in this field??? please suggest

I got my transfer form signed on 6th feb.... so can u plz tell me the time limit for joining other office and submitting the documents???

Dear All,

I have a jeans factory(sole Proprietor firm) in which our work is only to color the jeans and send them back(i.e., Job work).We are not maintaing the proper accounts. Now, we want to maintain proper Accounting record from 1st April 2014. Kindly suggest the complete procedure for the same. Also suggest the legal and all other requirement I have to fulfill for the same.



Thanks in advance

My ca final exam due in nov 2013
I.registerd for articleship feb 2011 I want to know there is any time limit within which gmcs should complte ? Whether its possible for do gmcs after passing ca final

Guidance on Treatment of Excess of Investment in Subsidiary in the bks of Holding Co. over Share Capital and security Premium in the books of Subsidiary in Consol books.
Some history: in Q1 FY 14, in Subsidiary books Capital Reduction Scheme, we had written off all the brands against the Security Premium and Share Capital. This causes reduction in Security Premium and Share Capital. Accordingly we are adjusting the same in P&L Appropriation. Earlier (before Capital Reduction schm), the Investment in Subsidiary was = SC+SP of Subsidiary, therefore no question of GW or CR in Consol.

Hi,

Can some one help me to find out the accounting treatment for the investment in mutual funds,

at present I'm carrying the value in balance sheet at cost method and recent statements show a significant drop in the NAV. Should i follow the IAS 39 and account these on fair value method?

thanks