1)loss of stock by fire- Rs.500
2)Stock covered by an insurance policy- Rs. 800
3) Claim admitted -Rs. 210

please give journal entry of the above query.

ABC Ltd. is 100% holding company of XYZ Pvt. Ltd. XYZ Ltd has valued its brand at a valuation of Rs. 20.00Crores and set off accumulated losses to an extent of Rs. 8.00Crores by the same. As per AS 26, accounting for the value of Brands (slf generated brands) is not allowed, is there any exception to this. Is the company having any scope to justify the treatment?
Ques. 1. - Is the treatment of writing off accumulated losses correct?
Ques. 2. - Who is authorised to value the Brand, as an auditor, are we required to take the help of an expert to get the correct valuation or the amount as arrived by using Potential Earning Model and certified by the management is acceptable. Who is authorised to do brand valuation in our country.
Ques. 3 - In case of Unlisted Public companies, the swap ratio arrived by the management of both the companies can be accepted, or is there any kind of regulation, that restricts the companies to do so. Can we blindly rely and accept the swap ratio as agreed between the companies or it has to be certified by a competent/ authorised person.

hello everyone,

i m not able to enter closing stock figure in tally.

plese let me how to do the same.
waiting for ur reply urgenlty.
thanks in advance.

when tds is applicable on rent

1)return on capital employed
net operating profit/capital employed*100

2)return on share holders capital
earnings available to share holders/shareholders capital employed*100

3)return on equity share holders capital
earnings available to equity share holders/equity share holders capital employed*100

4)return on assets
net profit after tax/average total assets

5)ROE= profit after tax /net worth

QUESTION
sir,
1) in which of the above cases profits has to be adjusted for non operating incomes & expenses

why non monetary assets nd liablities r considred while preparing financial statments

Respected Sirs,
Is it necessary to buy Accounting Standard Book along with Financial Reporing Book For ICWA fianl paper 16- Advanced Financial Accounting and Reporting.

what is book profit and how it is calculated

when cash is received for interest on asset,then is it necessary that the journal entry must be CASH A/C....DR
TO INTEREST A/C

CANT IT BE WRITTEN


ASSET A/C....DR
TO INTEREST A/C

PLEASE EXPLAIN BY ELABORATING.....PLEASE

I AM NEW TO THE FIELD OF ACCOUNTING

Hello all,

I have recently been appointed in a Engineering & Fabrication company. Its manufacturing company of Telecommunication parts & accessories ,
which do not have a proper finance division up to now.

My responsibilities will be to plan and implement all the activities relating to finance division.

I need some professional advice, about how to take a start and make my position strong in the company.

I'll be thankful to all of you.

Regards,
Yoge