Can anyone of the CAs/ICWA explain what is overhead absorption and how is it calculated?

Hi,
I'm Working as a Financial Analyst in a 6 years old partnership firm. There are 7 partners who was shared their profit for last 5 years in the proposed ratio which they agreed . It's an architectural firm. Every partners are involving in project works. Here 2 or 3 partners earning much than the others.So for the past 5 years those earning partners are contributing more money for the office development than others. Now they felt that the partners who are contributing less money for office development are also enjoying the whole benefits. They reported me about this issue and asked me for some plans to change sharing system. Please give me a suggession for this issue. Is it possible to share profits against the ratio which is agreed in deed?

Hi,
I'm Working as a Financial Analyst in a 6 years old partnership firm. There are 7 partners who was shared their profit for last 5 years in the proposed ratio which they agreed . It's an architectural firm. Every partners are involving in project works. Here 2 or 3 partners earning much than the others.So for the past 5 years those earning partners are contributing more money for the office development than others. Now they felt that the partners who are contributing less money for office development are also enjoying the whole benefits. They reported me about this issue and asked me for some plans to change sharing system. Please give me a suggession for this issue. Is it possible to share profits against the ratio which is agreed in deed?

hi guys me aman............ my friend "rahul" wants to get entry in the ""direct entry scheem"" .... today he is done orientation training... and his ""ITT"" will start on 1st january 2014.... but the last date of submission of itt&op is 31st january for november 2014 attempt..... and he is sure that his itt will be completed before 31st jan.... here the difficulty is that issue of itt certificate in february..... but icai demand my itt certificate , ot certificate , articleship joining form..... before 1st february.... is rahul elizible for nov 2014 attempt.....?????

We have manufacturing unit in punjab & purchased Boiler from Delhi @ 120000.00 agst. C form with 2% cst.

My Q. is what will be accounting entry for the same as i wants to show it in purchase ( for getting C form from sales tax department) & in fixed assets also ( to charged Depreciation )

Kindly Help.

In a school, scholarship is provided to a student after the session ends.
For eg if Student A gets Rs 1000 for securing 1st position in class IX, which he gets in class X..
So whether this scholarship given should be treated as prior period expense or whether we should make a provision?
Please suggest

Suppose, company has taken a loan of Rs 100 Crore @ 10%pa (General Borrowing) as on 1.4.2011 and out of this amount it has infused Rs 20 crore in its Project-I on 1.4.2012 and further infused Rs 30 crore in Project-II on 1.4.2013.

Now What will be the interest amount to be capitalized of Project-I and Project-II on 1.4.2014.
What will be the treatment of interest on Balance Loan of Rs 50 Crore.??

Our company is into online training services. We have program of 400 hrs which includes 100 hrs of class room training and 300 hrs of online training. How do we recognise the online training revenue. Do we need to recognise based on the number of hours the user has used the online facility till the year end. or can we recognise the entire online revenue immediately irrespective of the user having access.

friends I already adjusted Unadjusted Forex gain/loss but now its showing 0.01 in B/S. Please help me to solve this. I have only one bank account in USD, all other are in RS. Please help me to solve this coz am not familiar with Tally.
Hope I will get a faster reply.

can we do ips aftr completing CA