Sir,,

How is this normal loss and abnormal loss is accounted in the financial books?

And how is the value is fixed for both normal and abnormal loss?

why is any consideration received incase of sale of rights is adjusted against investments?

Dear sir
i have one invoices that contain four items (all assets)Rs.10,000/- and they provide Rs.1000/- as discount so i have to pay only Rs.9,000/- sir for passing the jv from which item (there is four items) i have to deduct this discounted amount please help me
thank you

hi, a co.received part of sum in f.y 09-10 for sale of plant which was credited to capital reserve. Final sale is completed in f.y 10-11 by receiving balance consideration, which is also credited to capital reserve.
The question is how to compute capital gain on above sale?
The above sale is not a slump sale or also not eligible for sec.54 exemption.
What will be effect on MAT ?
The co. has purchased new plant at other location in f.y 10-11.
Also give some hint for showing the transaction in return of income.
PLZ. Reply Soon.

Please suggest me for accounts of IPCC GROUP I&II , which writter's book is best for self study?

My basic concept is not clear.

Hello All Members,

Facts:
A company is selling a product to its clients with a option to recover the same in 36 installments. The agreement in this regard carries a clause that 'ownership of the goods would be transferred after the last installment'.

Issue:
When can the company recognise its sale?

Respected sir,

Why loss is shown in asssets side.

A company has not started its operating activities but has incurred some expenditure for fixed assets such as computers, printers, etc. whether this will be shown under fixed assets or capital work-in-progress and if under fixed assets whether depreciation under companies act to be claimed.

Under which head Advance Tax will be classified?
and if it is disclosed under loans and advances why should we do so?
give reasons for clasification..

can a firm claim depriciation on rented depriciable asset?
note: in branch accounting(independent branches), claim depriciation on assets whose accounts are maintained by head office.
kindly reply.