What is the account method for BOT project and also tell us about applicable AS, Guidelines for BOT Project.
Answer nowi 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
As per AS 26 para 56 In some cases, expenditure is incurred to provide future economic benefits to an enterprise, but no intangible asset or other asset is acquired or created that can be recognized. In these cases, the expenditure is recognized as an expense when it is incurred.
For example, expenditure on
research is always recognized as an expense when it is incurred.
Others include
Expenditure on start-up activities (start-up costs), unless this
expenditure is included in the cost of an item of fixed asset under AS 10.
Start-up costs may consist of preliminary expenses incurred in establishing a legal entity such as legal and secretarial costs.
Expenditure to open a new facility or business (pre-opening costs)
Expenditures for commencing new operations or launching new products or processes (pre-operating costs);
Expenditure on training activities; Expenditure on advertising and promotional activities
Expenditure on relocating or re-organising part or all of an enterprise.
I want to know whether the conclusion drawn below from the above statement is correct or not.
That means issue expenses relating to shares either by a new company or an existing company is to be treated as an expense.As this is an expenditure in the nature of advertising or promotional activity.That means now the concept of deferred revenue expenditure in no more even schedule VI format prescribes for it?
A Company 'a' had started a Plantation for Rubber Trees few years back.
All the Exps. for Plantation were Capitalised.
Now, Rubber Plantation has started and hence, Commercia;l Production of Rubber has Started.
I would like to know the Accounting for such a Company.
Hi,
Can any one tell me when to recognise revenue in case of FOB & CIF export sales ?
Pls reply urgently.
Kinjal Shah
Respected sir
I am accountant in private organization i want to now how make accounts entry for
01. for staff payable and deduction form staff
02.how make payment for pf threw bank
03.how to create bones entry
04,how make payment for bonus
note : bonus should be accounts entry only not cash not affect ,it like provision only not realy paid into hand staff
thanking you
One of our Client has valued the inventory @ market Value. I have made a reservation in my Audit Report. They have clarified that the goods so valued are agreed to be sold at such price. Is the clients answer justifiable?
I m a petty contractor in construction sector. whenever RA bill is raised, the principal contractor (under whom I am contracting, the employer) is deducting @ 6% from the billed amount. the break-up is :-
TDS 1% - as I have the PAN
EPF 2.5%
Retention Money 2.5 % to be released at the year end.
(1+2.5+2.5 = 6)
Any one please help me clarify that under what Act or Rule the principal contractor is authorised to deduct 2.5% towards EPF. Please.
Regards
PC Patra
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
BOT Project