A contractor, who is executing a project, is given interest bearing advance. What should be the treatment of interest earned on such advance?

Would be grateful if some reference to Accounting Standard is available.

SIR HOW TO CHANGE FINANCIAL YEAR IN TALLY THAT MEANS HOW TO GO FOR NEXT YEAR F.Y.14-15...AND IF WE WANT TO MAKE CHANGES IN 13-14 WILL BALANCES IN 14-15 WILL AUTOMATICALLY CHANGES OR NOT..??..LIKE OF LIABILITIES AND ASSETS..

THANKS

WHO IS RESPONSIBLE FOR SUBMIT THE 26QB IF I SOLD MY IMMOVABLE PROPERTY.

EXPERTS,
I HAVE 1 QUERY,
PLOT PURCHASE BY BUILDERS IS SHOWN AS PURCHASES OR CURRENT ASSETS.??

THANKS IN ADV

Dear Expert,

One of my client is starting renting of toys business . The life of Toys Is between 3 to 12 months.

What should be accounting treatment of toys in books of accounts.

Whether to consider it as inventory or assets & charge depreciation on assets.

If assets whether it will be covered under operating lease & will AS 19 attract?

Thanks in advance

WHAT ARE THE REASON TO PREPARE TRAL BALANCE.
WHAT ARE THE FUNCTION OF TRAL BALANCE

i have read in as that preliminary expenses have to be written off one shot. but until now we have studied that preliminary expenses have to be written off in 5 years

If i (A Ltd) have paid product permission charges ( B Ltd.) on behalf of party (C Ltd) then what entry will be pass?

Can any one guide me regarding the accounting treatment of works contract.

Actually we have done the interior work in our office last week worth RS. 7,00,000/-.

kindly tell me should I need to charge as a fixed assets or as a revenue exp. as a repairs and maintenance.
If as a FA under which head.

i m working in a manufacturing co., i have a hotel bill of m.d. of the co., kindly guide where to debit this bill.