As per AS 30,31,32 -What is procedure for

1.accounting of Equity shares , their loss/ gains and

2.accounting of Futures and options.

in case of INVESTMENT COMPANY.
(both intial and subsequent measurement)???

Further what is the procedure of accounting of Collateral Shares appearing in Balance Sheet in opening stock ??? (Pledged for Mark to margin money of futures with their Broker. The Broker has the right to sell it)

PLEASE EXPLAIN IN A LAYMAN LANGUAGE. IN A SIMPLER WAY.

Hi to everyone,winners ltd. was formed to take over a running business with effect from 1st April 2010.The company was incorporated on 1st August 2010 and the certificate of commencement of business was received 1st October 2010.

and my query is what is pre-incorporation period whether it is upto August or upto September.
thanks in advance....

land original cost - 100/-
Revalued - 50/-
-----------
150/- shown in Land B/S assts side

50/- in capital reserve - liability side

on sale value of Rs. 200/-

How to a/c for profit & wt will be the entries?

Pls reply urgently.

Thanks

X Ltd. is a company engaged in contruction business. It got a contract of bridge contruction from Y Ltd. The contract revenue is 100 lacs and cost is 70 lacs. As per the terms of contract A Ltd. can issue bill only if 30 percent of work has been done. In the first year 25% of work was done. So, how revenue will be recognised in such a situation?

Hi ,,,

Please can any one explan regarding sale of asset and how to account it in books

Can I record expenditure of traveling exp., transport exp. etc. incurred during March 2012 in June 2012 if I have paid for those exp. in June 2012?

I have entered in the Tally ( payment ) Voucher

New's & periodicals A/C Dr.
To Petty cash A/C



But for Printing this Payment Voucher I want to Write the Name to whom I'm giving money i.e. Giving Rs 1000 to mr. XYZ for New's Paper, So I want to Pring the name of MR. XYZ

Is there any possibility for printing that name in the TAllY ,if yes than Please Let me know how it is ?

Hi.. anyone plz answer this query..

How to value the free goods received from supplier along with purchase?

How to value them in closing stock and at the time of sale?

sales tax assessment for 2006-07 for local sales tax is 4% & for cst tax is 4%.

Question is : if c form not given what is rate of tax ?

X co. holding 30% of shares in A 'co' and A co. holding 70% of shares in B co. and Y co. holding 30% of shares in B co. Sir now tell me whether X & Y co. are related to each other in this way or not. If yes then please tell me the treatment for it and If its no then Why?? Thank you in advance sir.