Respected Sir,

Purchase of critical spares is kept as stand by spares. can it be capitalized, if so at what point of time it should be capitalized, whether at the time of purchase or that spares put in to use.

Pls provide me with Accounting Standard reference.

Kindly do the needful.

Hi,,,

Anyone can tell me
company bought a Sonic firewall (software) costing Rs. 70,000 with economic life of 3 years which is mentioned by vendor in their invoice and company has booked all 70000 in the year of purchase in profit & loss account instead to defer or other

now i want to know what should be the accounting treatment
whether it should have been comes under As 26 Intangible assets and amortised over three years of life or any other accounting treatment will be permissible

should i deduct tds on transportation charges if PAN is available?

One of my client company has purchased Dogs for security at plant. How will it be account for in books of accounts?

What will be the accounting entry if an asset is purchased from General Reserve?

How there can be any intangible assets arising in insurance enterprises from contracts with policyholders?
And what are the examples of the same.

Dear sir
I make one invoice for our customer after completed the works rs.50,000/- and customer paid to us only rs.45,000/- and rs.5,000/- they deducted like penalty (work not completed on time) my question this rs.5,000/- is a operating expenses (we want to charge the proj) or we want to treat as bad debts expenses

Thanks

what is the accounting treatment in current financial year for the vehicle which is purchased by an employee in his own name ( not in the name of company).How do I capitalised this asset in the books of company

In FAQ of ICAI, stores and spares i.e. inventory is always current asset even if it is not to be consumed in normal operating cycle and not to be sold in 12 months from b/s date.

Hello Sir,

This is balaganesan cwa, i am working in construction company, i want to know what is mess expenses, what are the expenses are we considered as mess expenses and what is the difference between mess expenses and canteen expenses, and how we have to consider the this spend for labour and office staffs
Please answer me as soon as possible

Thanks & Regards
S Balaganesan