Director went to foreign for purchase of machinery, because of some reason they did not purchase from there but they purchased another same kind of machinery from India. Can foreign Expense incurred in relation to machinery which did not purchase from foreign capitalised or added in Cost of machinery which purchased in India?

sir,
already audited the balance sheet of a company same some enteries shown as a liabilites but actully they have paid the bill and shown in expenditure.
kindly inform me to how to rectify inform

2] already company have paid the tax of a particular period
if any correction is done it will how to reflect in balance sheet and p&l account

Dear experts please tell me whether it is mandatory to rounding off figures of balance sheet as per revised schedule VI ?
one more thing if possible can anybody provide me a balance sheet and profit & Loss account with notes to accounts (whether with dummy figures or dummy name).
Thanks
My email id is vinitgargca@gmail.com

IN CALCULATION OF PAID UP CAPITAL WHETHER WE INCLUDE SHARE APPLICATION MONEY IN THAT OR SHALL WE INCLUDE SHARE APPLICATION MONEY IN ISSUE OR SUBSCRIBED CAPITAL.

If a Pvt ltd company purchasing building for 50 Lakhs, whether 1) Land has to be accounted seperatly 2) whether wealth tax is applicable since the property value exceeding 30 Lakhs. Pls clarify. Thanks in advance

Sir,
Please tell me to which formula preference should be given for computing stock turnover ratio

1 COGS/ AVG. Stock

2 Sales/ AVG. Stock

in Posting why in journal entries debit side goes credit side in ledger posting
For Exp.Fixed Assets Dr.
to Bank A/c
(Fixed Assets Purchased By Bank)
How to prepare ledger explain in deeply &why

Dear all

pls tell me,

1) insurance premium was expense ?
2) what entry for that?

Thanks in advance

Dear sir please tell me how to record the expenses bills which are in the name of director and 1.paid in cash or 2. paid by cheque of the company's bank. please clarify with the accounting entries.

We are a EPC Company, we are a subsidiary of manufacturing company.
In the current year we executed the power plant and sold the same to our parent company.
The parent company has capitalized the same and it claims depreciation on it.
What will be the effect of the above transaction while consolidation of the financials of Holding company?