pls give me guidence regarding accounting entry for Cenvat Credit on Fixed Assets???
Its Urgent
Note That Please dont forget to mention the appropriate head to be for the ledger

If somebody has not made an entry in Bank book but the amount is reflected in Bank statement and year is closed & in BRS this amount is shown under the head amount debited/credited by bank but not entered in bank book, then what will be the treatment in next year.

whether overhauling of existing plant and machinery is a revenue,capital or deferred revenue expenditure??

and what if due to such overhauling expected life increases by 6 years??

please following queries are given below:
1. capital employed
2. bonus or right issue shares. why not consider at the time of paid dividend.
3.what is trail balance.
4. what is difference between provision for taxation and income tax payable
and why to create "provision".

please explain as soon as possible.
thanks
rajesh

Sir, can you please help me to solve the given problems?
1.a factory where standard costing is followed, 4600kg of materials at rs.10.5/kg were actually consumed resulting in a price variance of rs.4800(A) and usage variance of rs.4000(F). the standard cost of actual production is_____(100,000;96000;120000)ans given is 100,000.

2.capacity usage ratio of a production dept is 90% activity ratio is 99% what is the efficiency ratio?(120, 110, 90)ans=110 how sir?

3.output of 3 different products are 20000kg, 15000kg, 15000kg.costs are in proportion of 4:6:7.cost per equivalent unit is?(10, 7, 5)ans=5 please help me Sir.

We passed a entry for Doubtful Debts provision last yr i.e.
Bad & Doubtful debts Dr
To Provison for Bad Dets Cr.
Now we want to write off this prov mean these are complety bad debts.What exact entries i have to pass in accounts.

How should one treat this while preparing holdind co. B/s(treatment of pre acqn profits):-
The shares(of subsidiary co.)purchased on 31.7.1999, are ex dividend & Ex bonus from existing share holders...
Dt of acqn no's cost
1.4.99 8000 110000
31.7.99 6000 86000
Total shares in subsidiary co-20000

The a/c's of Holding co are prepared as on 31.3.2000.

Hi,

This is a practical problem I am facing while preparing the financial statements of a foreign entity. "A" company received share application money of USD 30,000 which is inclusive of share capital and share premium in March 2009 in its USD bank account. The allotment of shares was done in April 2009. The share certificate states that the issued shares are 1,000 shares of EUR 1 each and a premium of EUR 23 per share. The USD/EUR exchange rate in March 2009 was 1.25 and in April 2009 is 1.50. The reporting currency is USD. Please suggest me on 2nd entry:

1st journal entry: (On receiving money in March 2009)
Bank Dr USD 30,000
To Share application money A/C USD 30,000

2nd journal entry:(On allotment in April 2009)
Share application money A/C Dr USD 30,000
Currency exchange results A/C Dr USD 6,000
To Share capital A/C USD 1,500(1,000*EUR 1*1.50)
To Share premium A/C USD 34,500 (1,000*EUR 23*1.50)

Do I need to recognize the currency exchange results on allotment of shares. Kindly advice.

How shuold the invoked Bank Guarantee accepted by the Bank but not paid to the beneficiary on the date of Balance sheet be reflected in the Balance Sheet of a Bank.

We have purchased extra monitors for few existing computers for convenience on looking/monitoring multiple sheets.

What should be the treatment done for these items in the books of accounts ?

Do we need to capitalise it ? If you look at a standalone basis these monitors cannot perform any function indepedenlty. What should be the correct treatment as per Accounting Standard /Law?

Please advice

Many thanks in advance

Regards

Ramesh