An FD matures in 180 days and was entered on 1 January 2012. At the end of March 2012, how should we recognise the accrued interest. Should we recognise TDS on accrued interest or else we should recognise only accrued interest.
My question is TDS would be deducted only on 30 June 2012. So do we need pass TDS deduction entry too as at 31 March 2012.

please tell me in cashflow statement inome before change in working capital should include increase or decrease in short or lonng capital or not

Recently I have come across a strange matter..Let me share it with you.

One person purchased some land/plot of Rs 40,00,000/- in cash in the name of Company on stamped agreement (dastavej) in January-2012(Say 20 January when transaction occured)

Company Incorporation date is 3 days after the above agreement date.(Say 23rd January-Certificate of Incorporation)

Company doesnt have any machinery or loan etc till 31-3-2012..It has only 1 Lakh Authorised Share Capital..


Now how to adjust such transaction in book?

*
Please Note That In Stamped agreement, the wordings were

...in the name of...Mr XYZ, director of ABC Pvt Ltd..

Stamp Paper were purchased in the name of
ABC Pvt Ltd..

Will it be consider as property of company or Individual?

If it is of Individual..Can company Accept/Reject it?
What is the Time period for passing resolution or any procedure?

Please tell me when the adjustment entry of advance tax and tds are required to be made agains provision for income tax?

Hi,

In one T?B which I am finalizing now; there are lot of sundry debtors accounts with credit balances [ reason includes- giving discounts, excess payments etc.] there is a rare possibility that we will call and pay back the same to sundry debtors.

What is the recommended accounting treatment ?
Is there any 3 year criteria involved?
Any AS deals with this?

Ours is a listed company.

Shall I credit the said credit balances to P&L ?

Reagards
anil.india

i have purchased additional 10 ups costing me Rs 20000 ( Rs 2000 per piece x 10 ).
whether it should be capitalised or expensed of ????

What is meant by Reporting Enterprise??

in valuation of goodwill under capitalisation method why is profit divided by normal rate of return??

Hi,
Mine is a start-up firm (LLP) which was registered in December'2011. The firm is not functional yet and I have not opened the Current Account also. I want to know if it is mandatory to open a current account immediately and close accounts for financial year ending Mar'12. Thanks.

pl. let me know if Recruitment agency provided service on 15th jan 2012 & his fees is due only after 3 month ie.15th April 2012.

Then entry should be passed in March 2012 of it can be taken on 1 st april 2012