we are maufaturure doing Export Sales. Some time we get advances $ (Dollar) for Sales.
My question is

in May Dollar was 54 (Assume), that time we received advances Dollar for sales, now price is dollar is rs. 64. if we sale this time for that advances, in which rate of dollar amount we consider sales. is we sales booked on that advance as rs. 54 or 64 ??
please guide us for sales treatment

whether Provisional & Projected Balance Sheet of a Pvt Ltd Company is prepared in Revised Schedule VI Format or it can be prepared in Horizontal format as well.

Also Tell me Basic Difference B/w Provisional & Projected Balance Sheet

We are into Exports Business. We receive VKUY & FPS licence against our exports as incentive. My query is how these licence to be accounted. On mercantile basis or as an when sold.

how to pass sweep trf entry in tally , where i am working co. that co current a/c of kotak mahindra bank a/c kmb offered Sweep facility , in the bank st showing debited amt to sweep trf rs 40000/- , what the entry should pass in tally plz help me

i want transfer within 1 year i was joined artcleship in july 13 for may attempt if i take trfr now can i give may attempt its valid???

sir tell me the calculation of interest on capital provided to a partner of the firm

what do you mean by free reserves and what all reserves are included in free reserves?

what exactly is the difference between fair value, market value and net realisable value of current investments?

If an investment is acquired by issue of shares,the acquisition cost is the fair value of the shares.

The fair value may not necessarily be equal to the nominal or par value of the shares issued.

Can anyone explain the latter statement please?

Sir/Mam, please help me as i am a bit confused regarding industrial training. I even downloaded the list of industries from the institute website but nothing helped. even I tried approaching to one of the leading company working in the field of domestic appliances. but the result was they were asking what is this industrial training please help me thanks