Bank Overdraft will be classified under which head in Revised Schedule VI?? Current Liability or Short Term Borrowing?
Sir,
I want to know what types of taxation transaction is made in real estate business.
Regards
Deepak Das
On what date is the import bill accounted in books?
Is it to be accounted on the date of commercial invoice/ date of bill of lading/ date of bill of entry and accordingly which exchange rate to be recorded?
No advance payment has been made against the same. Capital item is purchased.
Experts,
Please suggest me regarding accounting treatment(also presentation in Revised Schedule VI) in the following scenario:
Let us say there are 2 units-A & B.
Unit A has transferred its FG to unit B for its captive consumption through excise invoice.
Foreign Exchange fluctuation should be adjusted to the cost of Fixed Asset or not?
Like a fixed asset is purchased on 10-8-13 on credit for $100 @ 60,its corresponding liability is discharged on 30-4-14.On 31-3-14 1$=Rs.62 and on 30-4-14 1$=Rs.61, kindly explain the treatment.
Can anyone help me in determining how fixed,variable and semi-variable costs to be put in cost sheet format and also how to calculate the same .
Hello experts. Can anyone please clarify the Circumstances when we need to prepare Income Expenditure A/c in place of P&L A/c. Can I&E be prepared for a profit making organisation as well?
A CIRCUS OWNER OWNS ELEPHANT. WILL IT BE TREATED AS FIXED ASSET ? IS IT DEPRECIABLE ASSET ?
WHAT WOULD BE ACCOUNTING ENTRY ON DEATH OF ELEPHANT.?
ANSWER ALL QUESTIONS SEPARATELY PLEASE.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Revised schedule vi