Hi Experts,
One of our client taken lease for 10 years and the life of the asset is 15 yrs,and they recognized the lease asset as financial lease(because for subtanial period asset has taken on lease) and calcluated dep accordingly .However in the lease agreement it is mentioned that lessee has right to return the asset at any point of time,Now after 3 years our client want to return that lease asset because better machine available in the market than the lease asset.

My query is
1)Now,how to deal with the above situation?2)wat abt the dep which our client provided previously?
3)Suppose instead of returing the lease assset if our client retain the asset for 2 more years in such case it becomes operating lease in such case wat i should do for the entries which they have given based on finacial lease?and wat will be the prosecpective entries?

Pls guide me urgent

If expenses (e.g. G&G, G&A exps) are written off in a financial year considering that these would not result in any econimic benifit in future years, is it possible to write on in later years if benefits are coming from the field for which these expenses are incurred.

Hi Experts,
In case of investement which accounting standard should be folllowed either AS-13 or 30?

Can anyone tell me the accounting of Buyers Credit????

Sir ,
As i am runing a hosiptal, may i claim that doctor who are come to service my patients are servicing directly to that patient, myself only collecting some amount as commission from doctors and patients thereby averting tds,Reciepts are made seperatly like,doctors fees(recieved onbehalf of doctors) and other hospital fees (for myself)? is it acceptable for income tax purpose? please guide me

how to treat cross holding in case of merger.

Example:two companies A & B will be merged with Company C

What is the account method for BOT project and also tell us about applicable AS, Guidelines for BOT Project.

i was reading AS-17 semgent reporting and and i could not understand the following sentence.
Interest is allowed as an expenses to reportable segment if segment is engaged in financial operations.

what is the meaning of fiancial operations ?

How Revenu Recognise in folloeing conditione

1> Land own by builder and developed by him
2> Land own by other's and developed by builder.

in above bothe case how revenu recognised in case such building are sold by builder in such a case what accounting stander followed. and method of accounting

reply as soon as eraly possible

thank's

Plz tell me how to treat Subsidy Received due to export of Sugar.
it has been given by Sugar Mill to us because of purchase from him during the year, FROM THEA SAME MILL