Dear experts, we have a memorial trust and it is formed for construction of a temple. while commencing the construction a separate amount as shown as corpus fund in b/s and amount spent was shown as advance for construction in asset side. Construction went on for two years and returns were filed. Now the construction has been completed. How to shown this effect in B/s asset and liability side. We want to close the trust now as it met the requirement and no more needed.

Dear Members

1.Review of FR Paper N13 is not positive, mainly AS

2.My Sir Prepare Annual Reports of a Pvt Ltd co. not giant size but above 50cr shareholder fund.

3.As all As are actually so important that we collegues can not prepare even one AS Disclosure without so much discussion and solving technical issues.

Sir please guide me how can i widen my knowledge of AS and IFRS for my Practical commanding in this.

As I have completed my FR Tution and As Notes and Institute previous Q are not much of so called Exposure..

Please Guide me with your precious experience and knowledge what steps should i take regard this?
I am having keen interest in this particular subject. if any certification course is there for widen my Knowledge please tell me.



Thanks in advance :)

dear sir
if we spent some amount for building improvement,that should be added to a capital account or not

In the introductory part to accounting standards Level I enterprises are defined as Non Corporate entities which fall in any of the following categories:
1. Entities whose equities or debt securities are listed or in the process of listing on any stock exchange.
What does Non corporate entities listed on stock exchange or in the process of listing mean?It is obvious that only corporate entities shares are listed on stock exchange.

if some npo has received donation to meet day to day expenses.(being specific), where will it be accounted for in the books??
what is corpus fund?
does it have any corelation with my above question??

what r the statuary books

Can a Computer System received as donation be treated as Fixed Assets. If so,how to calculate the value of this F.A.

What is Unabsorbed Depreciation? How it will treat in accounts ?

Sir I am audit assistant, engaged in internal audit of an automobile company.
During the course of physical verification of inventory i.e. parts of vehicle, some parts were found related to vehicle which is banned by government. as per as-2 the same should be valued at NRV.
my query is there around hundreds of line item related to that vehicle whether nrv is to check one on one basis or can be taken aggregate.

sir,
i have one problem in salary, one employee salary due by 6500 but we paid salary 1800 (full & final),what is the journal entry of set off salary a/c & employee a/c