What should be the treatment of Trial-Run Expenses (consisting of all revenue expenses). Will these be capitalised by apportionemet in Fixed Costs??

Suppose private ltd co. has taken insurance policy of 10 years against damage caused to plant and machinery by fire and paying premium annually.....so what is the tratment of policy in financial statements on the date of policy taken and subsequent premiums paid.

Is it to be capitalised and if yes then how?

plz answer as per revised schedule VI

how to prepare accounting standards
refer best notes

What is Interest Rate (on Late Payment) on Professional tax.

Hello,

I was wanting some help regarding Foreign Direct Investment in a company involved in retail trade.

Will it possible to explain how would the Financial Statements of a company be affected (and what changes will take place) in case it receives Foreign Direct Investment?

As per revised schedule vi...misc. assets is not been shown in the balance sheet...

but actually where it is shown????
or is it actually dropped...
please let me know about revised schedule vi details regarding old and new....

What is the rate of tds on rent ? & Is there any slab to deduct tds on rent ? kindly inform me in detail.

Out of the total salary, conveyance is exempted under section 10. can you please let me know the limit

May anyone pls tell me the total holidays allowable in pvt companies with its different heads.
Thanxs.
Tajinder Singh

Hi friends

I want to discuss upon the concept of accounting entries and presentation aspect in case of foreign currency revaluation and translation.
Can you confirm or object (with Detailed explanation) if my below statements are correct.
* FC Revaluation is done always prior to FC translation.
* In case of FC Revaluation, one side of entry goes to Revaluation asset/liability account while the other one goes to FC Revaluation gain/loss account I.e. P/L account.
* In case of FC translation, both side of entry goes to Translation asset/liability/equity accounts of Consolidated B/S. This is the main part of my query on which I want views.

Please share your knowledge and experience keeping not only Indian but IFRS and US accounting in consideration.

Kind regards
Arjun