HI EXPERTS I GOT A PROBLEM THAT I THINK U CAN SOLVE.
I AM A IPCC STUDENT & DOING SELF STUDY.

PLEASE TELL ME WHAT REFERENCE BOOKS R THERE FOR IPCC TO GET GOOD MARKS IN EXAMS.
I WILL GIVE IPCE IN NOV'11(BOTH GROUPS) & PLEASE TELL FROM WHERE TO PURCHASE THESE BOOKS.

H ltd has two subsidiaries(Directly holding 60%,& 70% respectively) A ltd & B Ltd

Balance sheet H Ltd
Liability side
Current a/c with A ltd-Rs.40000
Current a/c with B ltd-Rs.40000

Balance sheet of A Ltd
Asset Side
Current a/c with H Ltd-Rs.36000

Balance sheet of A Ltd
Asset Side
Current a/c with H ltd-Rs.44000

Adjustment:
A remittance of Rs. 4000 by B Ltd to H Ltd has not yet been adjusted in the books of H Ltd.

Question : what will be the effect in the consolidated balance sheet & what is logic for opening current account ?

We are registered u/s 25 companies(an NGO company). we want to import books. I want to know that for importing books, do we have to get IMPORT EXPORT CODE? If yes, then what is a procedure for that?

Hello Experts
I am sanjay this side. I want valuable advise on one entry in Tally. There is a car in the co's book and the insurance claimed by the co and the cheque has been recieved. I want to know that this amount is treated as an income of the co or the value of car has to be increased.
the entry should be:
Bank A/c Dr
Insurance Claim A/c Cr and this account is under Indirect Income head while creating the account in tally.
Kindly advise.
thanks and regards
sanjay

if xyz is a pvt ltd co.,we paid for servicing
and maintenance charges on our computer or software for next one year(1.2.11-31.1.12),what is journal to be passed ,Suppose we paid Rs 10000/- ,what is the journal entry and how is it calculate? ,pls help me

Dear All,

I have purchase a extension of warrenty of 20 computers for one year in the month of december. Please help me in passing the journal entry for the same.

Thanks

Sir,
If the owner is having 3 godowns and given 2 godowns to Company "A" and one godown to Company "B" on rent of Rs.70000 per godown.
On an overall income of the owner crosses more than the threshold limit of Rs.180000 for all the 3 godown, will the company liable to deduct TDS?

Can any one suggest me the computation of capital gain & entry for Buy and Sale of shares through Demat account? whether brokerage, service tax, turnover tax etc. pid needed to be account for or only net transaction amount will consider for calculating capital gain? Please advice me with illustration.

We are availing packing credit against export orders, I want to understand how to pass entries in case as under: Our banker gives us PCFC credit on Export Orders and adjust the amount against our cash credit limits, on receipt of payment the PCFC credit is squarred up. Now my question is what our accounting is in INR what rate on PCFC credit availing and what rate i should take on receipt of payment, another issue is what would be the differencial amount be treated whether to be treaed in Exchange loss/ gain visa a versa. Pls advise

We are the seller of product B for Which material A is used as raw material and we also product material A in our factory, how cost will be calculated
Suppose we have opening stock of A material of 10,000 Unit of Rs. 9,00,000/-

we produce during the year 50,000/- unit which cost Rs. 50,00,000/- and we sale 5,000 unit at Rs. 1,00,000/- only. and their is stock of 3,000 unit at the end

so tell me how cost of consumetion of 52,000/- unit of A calculated