Hello sir,
I am appearing for JUne 2009 CA final exam first group. I would like to know whether AS 30. is applicable.
If it is so, please forward me the soft copy of the AS 30.
2) Whether AS (Accounting Statndards)is applicable for Trust.(non corporate enterprises).
3) is it compulsory to maintain the Fixed Asset register for the Trust.
4)what is the difference b/w Quoted & Unquoted investments?
5) Is there any Presentation on Guidance notes on Accounts & Gudidance note on Audit important for the June 2009 exam?
6) Rate of Depreciation under WDV method= 1-(scrap value/wdv value)^1/n
Can u please help me in solving this equation with an example.
with regards,
R. Gurucharan.
DEAR ALL,
TRADING STOCK & FIXED ASSETS ARE LOST BY FIRE. CLAIM IS FILED AGAINST IT.
QTY VALE
TRADING STOCK 1500KG 150000
COMPUTER 1 WDV 1000
CLAIM FILED FOR 150000 PLUS 20000 FOR NEW COMPUTER.
WHAT IS TREATMENT OF ENTRY.
PLZ EXPLAIN IN DETAIL.
Company voluntariliy follwoing AS 21 , 23 & 27 and preparing consolidated financial statements even if its not mandatory for this company. Whether auditor can sign such consolidated financial statements and whther company can submit same for ROC and other statutory purposes?
Answer nowfreight of Raw material capitalise in Raw material....and the freight amount is not gone to purchase register....T.D.S is corrctly deducted
now the valuation of closing stock is included the freight Amt.....
whether this treatment is right???
Dear All
Give a performa of balance confirmation form debtors/creditors as on 31.03.09
Harish
Actually i am little confused regarding a specific issue on depreciation
If a Building is a part of plant and machinery i mean base bulding without which the machinery cannot operate than should depreciation should be charged At the rate of plant and machinery or building?
Please, Help me, We are dealing with Indian Co. he give me Payment in US Dollars. He send me US$ 12000 @ 49.54 and bank give us credit US$11995 @ 48.94 and bank not show US$ 5 dollar in our statement. How should we pass this entry in our Books.
Thanks
If a Private Limited Co (Non Listed) wants to declare interim dividend, so what is the stipulated period to make dividend payment and suppose if the Company fails to make the Dividend payment within stipulated period what will be the penalty under Companies Act and Income Tax Act etc…
Seek experts Advise/Opinion on the above.
Dear All,
Following is my query-
If we have recieved Inward remittance from abroad for Invoice raised against software dev. activity, then in accounts how will be the treatment as far as currency conversion is concerned.
1. The date on which we receive amount in EEFC account
2. The date on which we convert the currency in INR
3. The Date on which we book the invoice.
Please let me know how and what will be the entires taking into consideration the exchange fluctuation gain or loss?
X ltd having Computer Worth rs. 25000 in balance sheet during the year x ltd paid rs. 6900 for purchase of software, Rs. 2500 for the maintainance of website, Rs. 3690 purchase of ram, so shall X ltd have to capitalise Rs. 6900 if yes then what is the rate of depreciation in companies act and in cometax act.
Answer now
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AS 30 Accounting for financial instruments