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

Hi Friends,

I want the help in the calculation of deffered tax income/expense for the financial year 2010-11. Details are as under.

WDV Aa On 31/03/2011
As per Books 97,557,474/-
As per IT 46,553,127/-

Depreciation As Per Books(FY) 50,60,533/-
Depreciation As Per IT (FY) 52,23,085/-

Opening Balance of DTL 155,55,365/-

Thanks,

Dear Sir,

Kindly let me know under which head we should book difference between freight we have charged to buyer and shipping forwarder charged to me.

Suppose: We issue C & F Invoice for USD 500 ( inclusive freight USD 100), shipping forwarder raised bill for USD 90 for the same shipment.

So please tell me under which head should I book difference in freight USD 10.00. I have booked this amount under the head “discount received” under the group indirect income. Is it correct? If not please tell me proper head for the difference amount.

Thanks & Regards
Jitendra

My BCom text book says that interest to vendor is a pre-incorporation expenditure. But it is divided in the time ratio applicable for the period from date of take over of business to date of settlement of PC (Purchase consideration). Hence if the settlement of PC is after date of incorporation, the interest is charged as pre and post incorporation expenditure.
So how is it called a pre-incorporation expenditure?

Sir,
When we rise Invoice e.g.

Leather 10000 pcs @ Rs.160/- =1600000
VAT 4% = 64000
Packaging and forwarding charg = 9000

So, total invoice amount comes =16,73,000/-
When we prepare trading account which amount to be taken as sales Rs.16,00,000 or Rs.16,64,000/- or Rs.16,73,000/- and
VAT amount should be posted to P & L A/c.
Please clearify me.

Dear All,

plz give me performa of Flat Sale Recognization By Builders, & Closing Stock.

1.Land
2.Construction
3.Development Cost

plz give me performa & details.

Very Urgently required.

because my company balance Sheet finalization.

Thanks

bank reconciliation statement explain

WE are making a payment on account of advance Rent for Three months as Security.Is there any Question of TDS Deduction?What Should be the Entry for the Documentation Fee made for the Stamp Papers Etc.

Did the notice pay recovered from employee for not serving the notice period is deducted from the salary paid to them.

What is the treatment for that while filing tds return of the employee.

I think it should be treated as income of the organisation & it has nothing to do with the salary of the employee, but my seniors are not agree with me. plz explain..............