Aslam
26 June 2013 at 13:47

Limit

how much is limit of paid of cash in one day in the manufacturing co.and in the year how much bill should be in job work than we deduct tds



Anonymous
26 June 2013 at 13:22

Loan

Suppose a Pvt. Ltd. co. X has taken loan from co. Y of Rs.2500000 on 05/05/2012. On 01/10/12 Co. X alloted 100000 shares @ Rs.15. Can X co. set off amount of loan against allotment



Anonymous
26 June 2013 at 13:18

Capitalisation of interest

A Pvt. Ltd company has taken Buyer's credit loan from HSBC Bank For SGD 151000.
for Purchase of Plant & Machinery from a Company of Sigapore. Bank Charges interest of SGD 2334.50. Will this interest be capitalised or not?


nitin
26 June 2013 at 12:18

Branch account (account entry )

how to made sale, purchase transaction or entry between branchs



Anonymous
26 June 2013 at 12:10

Provision on telephone expense

How to make provisions at the year end on telephone expenses?Bill period was march but bill liability was confirmed at the April end.If estimation is applied ,then what will be the treatment of difference.


CA Sanjana arora
26 June 2013 at 11:35

Gross profit

hello experts,

Can a small dealer's Gross profit exceeds its sales because of closing stock.



Anonymous
26 June 2013 at 11:24

Capitalisation of crockery item

Sir,
If a spinning unit purchases crockery item of Rs.124500,wheather it is capitalised or not.



Anonymous

Dear All,

We are in the retail industry and allow credit cards swiping against sales made by us. This amount is huge in volume.

Please advise whether we disclose the same as:

a) Trade receivable
b) other current asset or
c) cash and cash equivalent.



Anonymous
25 June 2013 at 19:55

As7 computation and disclosure

Please provide solution for the below issue.

contract value :100
estimated total cost :90
costs incurred upto the end of the period:45
cost to complete :45
Advance received from client:10
Progress billings :30

Unbilled Revenue:?
how disclosure in financials as per AS7 with regard to amount due to client and amount due from client.


ksn
25 June 2013 at 17:57

Accounting entries

sir,

company formation time construction of building etc., & put investments & that investments are converted to shares, that time purchase of forms 2, common seal , stamp duty etc., fees paid to CS & CA. Please suggest me for that accounting entries what i made

Please suggest me for that accounting entries or which books referred for






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