Hello All,

I want to about testing for impairment of assets.

What is to done for impairment testing.

Please reply..

Regards,

AK.

Dear Sir:

Please advise the proper account head of the following transaction:

A New Factory building has purchased fire extinguisher's.

1. Is it to be capitalized?
or
2. Can it be treated as revenue expenditure.

This expenditure is generally on annual basis.

Regards,
Chandra

WE ALL KNOW THAT PAYMENT ABOVE RS 20000 IS NOT ALLOWED IN CASH.

IN CASE SOME ONE MAKES PAYMENT ABOVE RS 20000

OR RECORD A RECEIPT ABOVE RS.20000 IN CASH IN HIS BOOKS OF ACCOUNT.
WHAT COULD BE POSSIBLE ACCOUNTING IMPLICATIONS.

THANK YOU.

Please tell me the procedure to calculate Manager's Commission

Manager Commission is 5% on NPAT
Rate of Tax 30%
Margin 20% on Cost
Calculate Manager commission after including Commission in cost

i want to know whether import duty, custom clearance charges and inland haulage charges are to be included while valuing the closing stock where purchase are exclusive of import duty,custom charges and inland haulage charges in case of trading proprietorship firm. plz reply soon

i am student of c.a final , i have given xams in nov10 but not cleared and now going to give nov 11 exams ,can anyone tell that what is applicable for nov 11 exam in c.a final accounts paper- same accounting standards as were applicable earlier(AS-1 TO AS-32)or new converged Indian accounting standards with IFRS as IFRS have become applicable from april 11.
please reply as i need to start preparing

Dear Sir,

can any one help me regarding certificate course on IFRS through ICWAI chapter

as a semi qualified cost accountant & 3.5 years of articles ship experience do i get any edge with specialization on IFRS ( in india or at abroad )

M.P vijay kumar sir (accountants ) announced in class that IFRS may not implement in india or it may take long time to implement in india. i.e more then 4-5 years.

what to do? shall i join the course or not?

plz help me in this regd.



thanking you

PHANISH GOLI

Sir,

We are paying the Rent Rs. 21735/- per month.
For one month how much we have to deduct & the percentage I need.

I am working as a consultant taking Rs. 8,000/-. How much is the deduction.

sir
I sanjay speaking. I want to know about the expenses to be taken in the business of investment and sale of property. Kindly advise. Kindly give the detail of expenses. It is urgent.
thanks and regards
sanjay

Hi,
Please advise - Is it required that the Final Accounts of non profit religious institutions such as churches should be closed at a year ending date such as 31-12-2011 or FY - 31-03-2012.
If the previous year closing was done on 15/01/2011, then is it required that the next year closing should be done on 15/01/2012. OR Is it compulsory to close accounts at a year end such as 31/12/2011 or FY- 31/03/2012. Please advise.