i have received a government grant from goverment which is i m deposited into bank for some period.
condition is any interest received on grant should be refundable to the government.
now my query is wht will be accounting entry on receiving inerest and on rufunding the same.
and how can we show in balance sheet that interest.

Dear Expert,

Few debtors was long outstanding last four years, not giving payment. one is the debtors value was Rs.40,000/= and others below 7,000/-.I want to written off.My quistion is it possible if your reply yes so what I write narration. plz solve

i was solving problems on as-11. i got stuck in passing the journal entries having foreign exchange and foward contract to minimise exchange rate risk.

confusion was due to forward contract. also i did not understand what is forward premium.

someone please help my logically the journal entries for forward contract??

my id abhipcc@rediffmail.com

Why CRR and DRR are created?

Hey can anyone provide me whole set of AS 30 31 and 32 esspecially that 30 coz that in s d rawat runs in 40 pages so revision shall be too much time consuming...so plz..help..

Whether Brokerage paid to Broker for purchase of Land, is to be capitalized? If yes than what would be the Entry for that?

How to treat expenditure on temporary constructions like fabrication sheds, chain link fencing etc which are constructed to facilitate main project and are to be dismantled on completion of project? How to treat these expenditure ie charged to revenue or to be treated as general overhead and apportioned among various assets under main project?
Is there any specific para in AS or guidance note? Pls refer if those are available.

Depreciation on revalued assets whether a admissible expensses.

there are two depreciation on revalued amount 1 - actual depreciation
2 - depreciation on value enhanced on such fA.

so can anybody tell me whether both or any one of this depreciation will be claimed under income tax act as admissible depreciation if so under what section ?
pls note the section reference no

i just came to know from a professional that there are some changes in Schedule VI of Companies Act (Section 211) so can some one confirm weather they are applicable for May 2011 Exams CA Final or CA IPCC or CA PCC.
Pls reply and thanks for all the support.

dear sir
what is the diff between WDV AND SLM METHOD