Gayan Manaranga
11 February 2014 at 14:10

Accounting for investment in mutual fund

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


Nirav

hello sir, we are having manufacturing unit in SEZ, we are purchasing ine machinery from Dehli and that supplier will raise Retail unvoice or Tax invoice. we SEZ units are fully exempted of Taxes and excose duties. pls revert soon. thanks a lot.


Mohit Dudeja
11 February 2014 at 08:52

Account query

differnce between outstanding, due and accured ?



Anonymous
10 February 2014 at 22:51

Accounting principles

As per accounting principles, Fixed assets be always valued at historical cost as per cost concept.Then why at the time of revaluation ,fixed asset is revalued and recorded at Realisable value(market value).and as per conservatism concept no future profit can be record but why profit on revaluation on fixed asset be recorded in books ???



Anonymous
10 February 2014 at 16:28

Depreciation

Sir/ Madam,

We have invested on our company office building Rs.3.10cr as on 31.01.2014 but its not completed and not enter to office. Is there any possibility to consider depreciation? is there any exemptions for SME orations to show depreciation to avoid portion of tax ?
Please suggest us.


Sathish kumar
10 February 2014 at 15:55

Transaction treatment .....

we purchases a machinery on credit Base how will treat this as in P&L A/C and Balance sheet.......?,
(1) would I treats as nominal A/c and by transferring to P&L A/C......?
(2) commonly in Tally we are booked these transaction in Journal Voucher so Journal Voucher booked only Expenses how can i understand this transaction please advise me .............?


Pinky
10 February 2014 at 10:14

Tds on hanger rent

Dear Sir,

We are paying hanger rent on monthly basis to the Airport Authority of India.
I just wanted to confirm whether TDS attracts u/s194-I?

Thanks.
Pinky Kadam


shripad
09 February 2014 at 19:27

Books

tell me ipcc both group book and ca final books


Swathi reddy
09 February 2014 at 17:34

Ipcc

Which is the best book for IPCC Accounts Group 1 other than P.C.Tulsian ??


srinivas
09 February 2014 at 15:44

Preparation

i practiced accounts nly frm icai materail(both) almost all problems i done is it enough shd i practice frm any other book.and iam also practing costing and fm frm icai.pls suggest fr ipcc






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