If there is purchased goodwill in the balance sheet and then after admission of a new partner the partners further value g/w so self generated g/w shall be only what is now valued rite ? and total goodwill will be selg generated +already appearing in b/s ?

Sirs,

As-26 describer the Accounting treatment of R&D expenses as expenses incurred on research phase should be expenses as when incurred and expenses incurred on development phase should be capitalized by satisfying given conditions,and if it is not possible to classify the same then all expenditure incurred should be treated as on RESEARCH phase and charged to P&L a/c,

Then Any capital expenditure incurred for example, Plant and machinery purchased for R&D can be write off to P&L accounts.

According to the new fomat of Revised Schedule VI,under what conditions Inventories will be classified as "Other Non-Current Assets" ?

I WOULD LIKE TO KNOW THAT WHAT TYPE OF ACCOUNTS ARE KEPT IN A HOSPITAL? ALSO I WOULD LIKE TO KNOW WHETHER A HOSPITAL BEING
NON-PROFIT ORGNIAZATION ARE REQUIRED TO DO THEIR ACCOUNTS AUDITED YES OR NO AND REASONS THEREOF?

do we really need to study IndAs when IFRS has come.

Is IFRS applicable for may 2012 examx????

IF DURING A FINANCIAL YEAR IF IT IS FOUND THAT A PARTICULAR JOURNAL ENTRY HAS NOT BEEN RECORDED IN THE COMPANY'S BOOKS OF ACCOUNTS AND THE ACCOUNTS ARE ALREADY FILED FOR TAX AUDIT PURPOSE, IS IT POSSIBLE THAT DURING NEXT FINANCIAL YEAR A RECTIFICATION ENTRY CAN BE PASSED & THE MISTAKE RECTIFIED IN THE COMPANY'S BOOKS OF ACCOUNTS?

hi sir/madam

in average due date it is said that its the date of settlement where both creditor and debtor dont loose or gain any interest.. can you explain the logic of loosing or gaining interest so that i understand the reason for calculating the ADD.

Thanking you

sirish

What is a deffered tax? & how it will
reflect in final accounts.

My query is how to do a a/c's payable reconciliation.