Whether Previous year's figure of Financial statement should be restated in Financial statement for the compliance of Revised schedule VI .

Where to show Misc. expenditure (to the extent not w/off) under the revised schedule VI?
Please reply.
It's urgent.

Our co. has import transactions but records its foreign exchange fluctuations under the head of 'Purchase import' and in the balance sheet adjust this amount with purchase.....whether it is correct treatment?In my view it is not correct....pls share ur views.....

Can any body assist me to compute deferred tax in the above problem.

Profit Before Tax and Depreciation- (650000)
Depreciation as per Income tax Act-125000
Depreciation as per Company Act-185000
Carry forward loss as per income tax-125000

Option I: future profit is certain.
Option II:- Future profit is uncertain.

what will be the answer if Depreciation as per income tax is carried forward due to insufficient profit and we are claiming depreciation as per company act. then how we can compute DTA on the above difference( ie Company Act minus Income Tax Act )since different in profits are not due to the change in depreciation rate.

A company had made a contract of sales of goods on a condition that if it will be unable to deliver the goods till 30th april, 2012 it will pay 1 crore as compensation.

Now on 31st march, 2012 management concludes that it will unable to deliver the goods till 30th april, 2012 and it want to create provision of Rs. 1 crore.

Now my question is under which AS this provision will be covered. Whether it would be covered under AS-4, "Events occuring after balance sheet date"
because contingency of event exist on balance sheet date or
under AS-29, "Provisions, Contingent liablities, & Assets" because there is a present obligation arising from past event and amount can be measured using substantial degree of estimation

our firm is doing screening & printing of saree business.foe which we need lignite & we purchase it from GMDC.for which there an ajent who book lignite at gmdc & pay the amount on our behalf. at that time he issue debit note regarding booking charges of lignite.when we get the dilivery of lignite gmdc make bill on us and return the differance amount of booking and bill to us.now what accounting entry should be passed for above transaction.
we have credited agent's a/c on reciept of debit note & make the payment on debit note.now how to make entry of gmdc bill. pls help me.

dear sir,
before two year i had crated my broker a/c with op.balance of rs.25000/- but orignally it was 0 rs.in this year i want to correct my entry.so what entry i have to pass in tally?

Anyone can please provide me guidelines & also format to prepare CMA data for a real estate project financing...
My mail id is mk.sr.kp@gmail.com
waiting for positive response,
thanks is advance...

How to take a depreciation when we make block of assets a/c. of any fixed assets for example..
Car A/c.
opp. bal. Rs. 213993
Old Car Sale on 15th oct Rs. 160000
New Car Pur.on 05th oct @ Rs.1030158
DP.Rate 15%.

What shoud be depreciation?

One of my client is starting a new business, at his own showroom. He wants to add some partner, to explain he want to make projection of his business.

So which format would be the best for attract new partners,

Please give me suggestions ???
which details are necessary to provide ???

URGENT