in case of banking companies if the amount of principal or / and interest remains undue for more than 90 days it becomes npa and after that it is categorised into sub standard asset and now provision of 10% is to be created for a period of not more than 12 months. my question is whether 90 days to included in 12 months or not?

Can Capital subsidy received from government, investment allowance reserve, and tuf shown under general reserve in the revised schedule vi?

sir what exactly is the difference between unpaid and payable?

Sir,
Our company is a small listed company listed at BSE. Now we have to modify the objects of the company.

1. Is it sufficient to put in AGM Approval
or
2. We have to conduct Postal ballot is compulsorily?

Pl. advise the procedure.

What is the function of tallysav.dat file in Tally ? I am trying to copy a few Sub-Folders ,( for e.g. Folder named 0001 , 0002 , etc ) from One Data Folder to Another . However , the folder to which I have to copy the sub-folders contains a file called "tallysav.dat" . The file icon of this file is like the icons of files on a p.c. which cannot be opened by any application installed on the p.c. Why is this so ?
Can I just simply ignore the existence of this file in the destination folder & go ahead with my Task of copying the sub-folders (0001 , 0002 , etc ?

Here is a query
A newly formed company wants to issue cumulative preference share
The divided will be paid as equity shares
can the dividend be converted into equity shares in case there is no profit in the company and reserves are also negative.

do we need to show dividend payable every year or only at the time of conversion

please answer

DK Ltd. Purchased some machines as follows:

1. On 1/7/2009 Company purchased a Plant at cost Rs.85000 and freight incurred Rs. 5000 and erection charges Rs.10000.
2. On 1/4/2010 Company purchased another Plant at cost Rs. 150000.
3. On 1/10/2010 Company purchased another new plant at cost Rs. 20000 and freight incurred Rs.3000 and erection charges Rs.2000.
4. On 1/7/2011 other new Plant purchased at cost Rs. 70000 and erection charges Rs. 5000 incurred.

Company follows SLM of dep. at 10% p.a. But 2011 beginning onward Company decided to change its method of dep.from SLM to WDV at 15%p.a with retrospective effect.In 2011 on April 1st. 1/4th of plant purchased on 1/7/09 sold away for Rs. 13150.

Show Plant a/c up to Dec.31st., 2011.

Race horse used for running in race course.
How this horse should be account for? Is it Investment or What? please help me in this issue.

Hello experts,
I have doubt regarding the term "supplies"
Used in as 2
what and all it includes ???
whether packing material is included???

Thanks in advance for your time and patience.

Dear All,
This is the case of exporter- One of our client record Export sales after received Bill of Leading (i.e. first dispatched the good from office premises and after loading on ship, B.L. will received and sales will booked.) this process of booking of sales has been followed whole of the year.
In the march 2013, some of goods purchased and dispatched from office premises but B.L received in April. Whether sales booked on March or April?

Please suggest about the accounting and Taxation issues.