DEAR EXPERTS,
PLEASE HELP ME ON THE PROBLEM-THAT-
WE ARE A SOFTWARE EXPORT COMPANY,AND HAVE PURCHASED SOME CAPITAL NATURED THINGS LIKE- TV's, POOL TABLES,TABLE TENNIS TABLES AND OTHER GAMES/SPORTS ACCESSORIES, FISH AQUARIUMS,FOR THE ENTERTAINMENT OF THE EMPLOYEES.HOW AND IN WHICH BLOCK OF ASSETS WE SHOULD REFLECT THESE IN OUR BOOKS.PLS REPLY.
REGARDS,
SUSHIL KUMAR

The Company has issued cheque to Insurance Company as on 31st March,2011 for insurance premium for the F.Y 2011-12.The Company has passed entry as follow :

United India Insurance A/c dr.-50,000
To Bank Account - 50,000

The Company wants to show the same advance to vendors for services and the same should be disclosed in advances. One of my collegue has of opinion that the same should be shown as prepaid insurance. My opinion is that the same relates to next year and the payment does not effect even signle day of current F.Y. Can you please which is right one accounting treatment in books of account ? If the same is disclosed as advances to United India Insurance Company,is it wrong accounting treatment or not ?

A company had created Provision for Bad Debts which were not allowed as deduction under Income tax Act, subsequently company created deferred tax assets on the amount disallowed.
Whether company can claim deduction under section 36(1)(vii, if Bad Debts are written off against the Provision earlier made?
Whether the Deferred Tax Assets created earlier will be reversed or not?

Hi Folks

Can anyone guide me for the below mentioned case.

One company has received a bill of Rs. 1 Cr from MD said that out of this amount Rs.60Lakhs are fix to pay to this party but about rest of the amt no one sure.

-here, the question arise that by how much amount we should provide the same on balance sheet date?
-Whether Rs.1Cr or the Rs.60 L.
-Moreover the TDS would be highly affected in the overall transaction to associates in the accounts.

Regards

Dear all,

plz solve my quaries.

example:
how sale recognization by builders .
we construction of flat & recieved some amount how sale recognization in various flat cases .plz sent the any chart & accounting standard .

thanks

hello sir, plz tell me, is there any amedments cme in Accountancy and Strategic management of PCC relevent for MAY 2011 attempt??????
plz also tell me about the other amedmants cme in PCC Course relevent for MAY 2011 attempt.
plz reply as soon as possible.

Dear Sir,

I want to ask that me and my friend from spain wants to open a export company india what is the procedure i am from panipat-Haryana.

Dear Experts,

My company is residential developers for our construction purpose we purchase martial from different locations as we know FY has closed but some of our material in transit and billing date of this material is also related to FY 10-11 and it will be reach to our site in next 2 days and we know the exact bill value can we consider this bill amount in our books of accounts.


Regards


Ravinder

in which all ques r from exam point of views n which can also give quick revision in last minute. pls rep urgent

CAN ANY ONE PLS GIVE ME THEORY NOTES OF PCC OR A LINK TO A COMPILED NOTES OF THEORY OF PREVIOUS ATTEMPTS. I HAVE BEEN LOSING A LOT OF MARKS BECAUSE OF THEORY

PLS HELP ME