What are the valuation guidelines on DCF valuation?

Dear all,

Ours is a Manufaturing company, We have procured hand Pallet truck or Trolleyes costing Rs.15000/-. These are purly hand held and not machanical.

The life is explained to be one to two years.

Whether these should be treated as Assets of to be charged to revenue.

We are providing consultancy services. We have awarded a job in canada. My questions are:
1. Service Tax is applicable at the time of billing to foreign client.

2. Accounting Enteries.

3. Tax Liabilites.

4. Any Mandatory Form(s) to be submitted to any relevant authority like RBI, Income Tax etc.

Please Help Me.

Thanks,

ARUN

Hello all experts
I am an accountant in a pvt co. There is one case of vehicle purchase and I have confusion. Kindly help me to solve the querry. My query is:
The Director of the company has purchased a car on loan from Bank in his own name alongwith the Company as a co-Borrower.The repayment of loan is through Company's account. What will be the entry in case of company's boks ? whether Car comes in the Company's books or in the Director's books? Kindly reply I am waiting It is Urgent.
Thanks
regards
sanjay

RESPECTED ALL,

I WANT TO KNOW AS BELOW

WE ARE TRANSFERRED OUR GOODS TO OUR OTHER BRANCHES AT VARIOUS STATES @ COST PLUS SOME MARGINS AGAINST FORM `F` I HAVE TWO QUESTION REGARDING THIS AS BELOW

1. AT THE END OF THE YEAR WHAT IS THE TREATMENT OR JOURNAL ENTRY OF CLOSING STOCK IS HELD AT BRANCH IN WHICH THE PROFIT WAS INCLUDED.

2. SOME STOCK IS ALSO TRANSFERRED AT THE 30TH MARCH WHICH IS IN TRANSIT IT HAS ALSO CONTAINING THE PROFIT MARGIN SO WHAT IS THE JOURNAL ENTRY OF THE SAME AND WHAT IS THE TREATMENT OF PROFIT INCLUDING IN THE STOCK IN THE TRANSIT

Sirs , how to make decision of purchase of an capita assets acquired on finance , whaen we donot know its cash inflows? for example :

Ltes it cost is 100 laks
finance is 80lakhs with interrate of 10 5 per annum with yearly rest with epayment schedule of 10 years and its residual value after depreciate of 5 %. please guide me , when and how my lone is worthy for for purchase of assets ? and whether i shoud go for this ?

Company engaged in Transmission of Electricity purchases land only for errecting Sub-stations. Land is never purchased for reasale or as investment.

Untill the completion of errection of Sub-station the land is treated as part of Work-in-process and after that whole asstes i.e. Land, Building, Plant etc. are transferred to respective assets groups.

Whether accounting treatment of Land is correct in terms of Accounting Standards ?

If a part of Invertor is sold during the year so how we calculate loss/profit & depreciation for that year.according to companies act.
For Example Cost of Invertors(not known the no of invertors) is 100000 dep upto 31.3.2009 is 40000 & on 30.6.2009 a invertor is sold for Rs. 5000,the actual cost of that invertor is not known as a single head is used for all invertors how dep & loss/profit on sale of invertor is calculated according to companies act,will it affect deffered tax also

Dear Experts,
A Pvt. Ltd. co. is setting up its factory in a remote area where no electric connection is available. The co. has incurred Rs. 458220/- to bring electric connection to its factory area and for setting up of electric poles.

What shuold be the accounting for above expenditure.
Whether it should be treated as deferred revenue expenditure, and if yes, what amount should be written off during the year and in how many years.

The factory is still under construction.

Regds,

AS PER THE ICAI STUDY MATERIAL OF CPT COURSE SALES IS CONSIDER AS NOMINAL A/C AND SALES RETURN IS CONSIDER AS REAL A/C. HOW IS IT IS POSSIBLE? AS COMPARE TO THE LAST QUESTION ICAI POINT OF VIEW THE CORRECT OPTION IS SALES RETURN A/C.REMAINING ITEMS ARE GENERALLY INVOLVED IN THE NOMINAL A/C. SO THE ODD ONE OUT IS SALES RETURN A/C.