we are manufacturer and excise register. we are going to import used machine from foreign for manufacturing exciseable goods after paid full custom duty. Should we inform to central excise department about import of used machine?
please advise me above issue?

Dear All,

Can anyone explain me the meaning of Hedge in the simple language followed by a simple example.

Also please do let me know who can do the hedging & what exact benefit will the person will get?

Please reply me quick
Thanks your your help

A Pvt Ltd Co. purchases goods from a party of Rs. 200000 for which no bill has been raised and also the payment has been made through cheque but is made in the name of the company's owner wife since the party has refused to accept the amt in its own account. Now the question arises what should be its treatment in the books of account????
Please help.....

can anybody send me types of stock transfer entries..

which entry will be effect on when stock transfer. two example : 1) if when we stock verify we find 9000 QTY but in our books shown of 10000 QTY. what will effect?
2) stock verification on 28.03.10 8000 qty and 31.3.11 8500 qty. what effect will be entry.. plz help.

I want work with CA firm for my career, but i dont know which type questions ask in interview i have four yrs experience in a/cs upto finalise. plz help me

When I open the multi currency ledger Cash a/c and press f12-show only forex !
The forex amount, doesnt match with the primary amount.

For example...My primary currency should be 100rupees, for 1usd (secondary currency).

SO its showing 5000rupees for 1usd ... when i press f12 and click show forex only...the usd is ok, but the rupees is too high !

Its not going as per the prevailing exchange rate...

did you guys get me ? or should i show you some screenshots ?

guys plz help me out !

How to Bifurcate the closing balance of Sundry Debtors in "Within Six months" and Over six months".

Please help Sir...I have to Finalise the Balance Sheet of A Company.

sir i have purchase a bike.it was financed by hdfc bank but problem is that bike has been purchase in 2009 and financed in 2010 then what entry will be made payment of bike loan installment

If a company takes over another one and issues shares.....then what would be the treatment in personal ledgers of directors.Whether these shares be considered as Investments from director's point of view?and if yes, what would be the corresponding credit account????Please share your valuable views.

Regards
CA PARUL SAXENA
9891087407

Respected Experts,

During F.Y. 2010-11 I have following position:

For April & May I have consultancy income..and From June onwards I have salary income.. (During F.Y. 2009-10 I have consultancy income)

So I was preparing my P & L and Balance Sheet.

So For two months i will be allowed to claim expenditure, but from june onwards i will not be.

So my que. is How Balance sheet & p&L A/C should be prepared???

What about my Items in Balance sheet of Secured loan, unsecured loan, Fixed assets?

After june onwards where should I show my expenses in p & l??

What about depreciation?

Which ITR form will be required???

Regards,
Nikunj