Sir,
Please advice me about accounting treatment of govt.grants and relavent Accounting Standard.

Dear Friends
Can anybody clafy this?
We had opended a site L/c on 01st May 2011 for importing a machinery. On 1st July 2011, we received documents and we paid an amount of USD 1300000 @ Rs. 46/-. On 31st July 2011, the machinery was installed and capitalised in the books @Rs.47. Whether it is proper to calculate the Exchange difference between Rs.47 and Rs.46?Else we need to consider date of shipment date or Date of Bill of Entry or any other date?

In another case, we have availed Buyers Credit on 01July 2011 for One year. On 30th June 2012 we have paid Buyer's Credit @ Rs. 46/-. How the Exchange differences should be considered?

Dear All Experts

please give me valuable solution.

My boss want by me the calculation of Cash Credit Bank A/c Interest Calculation Day to Day how much he paid to Bank.In bank statement its show at the end of month,but my boss want day to day detail of interest,any solution in excel and tally format.

Warm Regards
Arshad

Can we use the pencil in ipcc papers to draw up T-shape A/Cs...???

We are a partnership firm. Our TDS on Interest on FDR was deduct. How should we treat it in the final accounts? Please guide me.

Please clarify, what is deferred Tax? and how it creates? how we pass the accounting entries and when we should recognised DTA/DTL??

I WANT TO KNOW THAT I DO TAX AUDIT BY 1ST CA FIRM & MAKE PROJECT BALANCE SHEET BY 2ND CA FIRM. PROJECT BALANCE SHEET IS WILL BY GIVE TO BANK FOR CC LIMIT

my client has land which he was purchased in 1990 for 551008, he sold the part of land for Rs. 10,00,000. how it will be disclosed in the books of accounts and what about the balance part of land?The amount of 10,00,000 was not realised then how can i book the profit on sale of land.

Sir,
while filing tds challan online we have written wrong code i.e. instead of 94B for salary written 94c i.e. taken under contract. now what is solution for this mistake. pls guide - urgent

are these reserves part of the shareholders fund
1.capital reserve
2.capital redemption reserve
3.revaluation reserve
4.sinking fund reserve