If we make interstate purchase dated 26.06.2012 material received in our premises on 03.07.2012. We have accounted purchase in July 12 (2nd qtr.). Our supplier asked for C form requred in 1st Qtr. How can we issue Form C in 1st Qtr.
Pl. give if there is any notification or rules?

Dear Sir
I am confused. Please tell me the following query's answer.
I had received an invoice on 28-Mar-2012 (FY.2011-12). and goods received on 15-April-2012 (FY.2012-13).
So Which date i put into the accounts. Is this invoice will enter on FY.2011-12 or FY.2012-13.
But the inventory added on FY.2012-13

Help immediately.

When a bank deposit can be classified as investment.

when to recognise export sales in Books of A/cs & at what value....

Date of provisional INvoice -08.08.2012
Date of Exchange control (LEO DATE)- 13.08.2012
Date of Export Invoice- 13.08.2012
Date of BOL- 19.08.2012

Q/ There are three worker ganesh,narayan,ram produced 80,100,120 piece of product X on particular day in may 2011 in a factory.the time allowed for 10 unit of product X is one hour and theire hourly rate is Rs4.calculate for each of the worker the following (1)Effective rate earning per hour under (a)Straight piece rate (b)halsey prenium plan (50% sharing) (C)Rowan premium plan

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