A building purchased by Real Estate co. for Sale it should be treated as Fixed Assets or as Investment.... and whether depreciation Charged on it or not.....

If a company has taken premises on operating lease for 5 years. The amount incurred towards the expenditure i.e. Stamp duty, Lawyer's fees etc towards registration. Should the said expenditure be charged against revenue or to be amortised over the lease period.

I am confused regarding calculation of Total Capital Investment. Please let me know how total capital investment is calculated? Is it just a total of Fixed Assets in Block & Capital WIP?? Or does it include other assets e.g. long/short term advances, cash & bank, trade recvbles etc?
Plz reply as soon as possible.

Thnx in Advance

Our company is subsidiary of US listed company. Because our parent company is listed in US whether Cash flow is applicable to us ?

Except above fact with all other aspects we are SMC in India.

Regards,
Krishna

Discount received at the time of settlement of bill with creditor is direct income or indirect income? Please answer me whether the discount received should be part of Trading account or Profit and Loss account.

If the TDS Dedu. from Maharashtra Ele. Corpn. for Int rec. on Deposit. How to pass the same entry in books of a/c & TDS Rec. a/c ledger will show under which Group of a/c

Dear all,

What is the accounting date of invoice?

Normally there will be time gap between date of invoice and receipt of material by the purchaser. In the following example, when we have to account the purchase transaction in our accounting system.
Example:

Date of PO: 01.08.2012.
Date of Invoice: 10.08.2012.
Date of actual receipt of goods: 02.09.2012
Date of GRN prepared by stores dept: 05.09.2012.

In which date i can account the invoice in accounting system. Date of Invoice / Date of goods received / date of GRN ?????

Kindly clarify?? In our company we are following GRN date for accounting of transactions. But I think invoice date is correct. Which is it correct, please clarify??

Thanks & Regards,
Swamy K

What os the difference between RTGS and NEFT...

Dear all,

What will be the treatment for the preliminary expenses not yet written off,appearing in Balance Sheet according to the revised schedule VI?

How it will be dealt while computing taxable income?

i would like to make provision for my sub-contractor as on 31.03.2012. eq. rs.100/- as expense (WIP), rs.2/- as tds, then rs.98/- will go to which group? PLEASE GIVE US THE accounting ENTRY & GROUPING. {WIP-EXPENSES)