SUPPOSE AN ASSET COSTING RS.115000 PURCHASED ON 2.4.2012. DEPRECIATION @15% WDV. HOW TO CALCULATE THE LIFE OF THE ASSET?

Which book is best for Advanced Accounts and Costing and FM.

Please help me in this regard

Hello,
Can loan receivable from sister concern be set off against by showing purchases made from sister concern.
or is there any treatment for setting of Inter co/ Sister concern loan.

Dear Sir,

We are "A" company and "B" company is our debtor for Rs.1 Lac,

Now "B" is unable to pay, so he says to collect this money from his debtor "C" company,

So what formalities are authenticated by income tax act and how to we proceeds for this system,


Thanking You,
With Best regards,

Naveen Saini

OUR CO HAVE A EXPORT ORDER. AS PER ORDER TERMS 20% OF CONTRACT VALUE WILL BE RECEIVED AS ADVANCE PER YEAR & ENTIRE ORDER VALUE WILL BE RECEIVED AS AN ADVANCE BEFORE DELIVERY.NOW WE HAVE RECEIVED 20% IN THIS YEAR. MY QUESTION IS WHETHER SUCH ADVANCE SHOULD RESTATE USING CLOSING RATE ON B/S DATE.
PLS HELP.

Is upward revaluation of Investments is possible / allowed by any means for an Unlisted company for its investments in the shares of any other listed company ?

for e.g.

if XYZ Pvt. Ltd. has purchsed 100 shares of Reliance @ 100Rs/share, then can it show its investments @ Rs. 850 (assuming Rs. 850 is the current market value of a Reliance share)in its Balance Sheet.

TOTAL OF TRAIL BALANCE AND BALANCE SHEET SHOULD BE EQUAL OR NOT...

Mr. A sold goods worth Rs. 15000/- to Mr. B, now at the time of payment Mr. A suggested to Mr. B that he should pay to him Rs. 13000/- only and the rest Rs. 2000/- paid to transporter of such goods.
My query is that adjustment made as above is permissible in book of accounts as per incometax or tax audit ? or whether sale is to be considered to the extent of 13000/- ?
Please do needful help.

Isold my old car (worth rs 120000.00 in books)in rs.20000.00 and also purchase a new car worth rs. 400000.00 , HOW MUCH depriciation CLAM on both car`s.
please help me .

Amount INR 117000.00/-

to be Expensed out or Shown as intangible asset under India AS & International AS

Kindly suggest asap