We are a 100 % eou company exporting roses. we have units situated at two different places. one unit is already set up and functional and the other unit is being set up now.

we are sending rose plants (starter plants) to the other unit . The other unit wants to capitalise these starter plants.

what are the accounting entries that needs to be done.

if one units shows sale and the other unit shows purchase and then capitalises those starter plants , then the balances will not set off against each other in consolidation ( each unit is maintaining its own books of account even thoough they are one company)

pls guide

regards

prv

DEAR SIR
I HAVE EXPENSES FOR ONE ANOTHER COMPANY RS2000/- ON 31/12/10 BUT THEY ALREADY CLOSE THERE A/C.I CAN CHARGE THIS AMT TO THEM ONLY 01/01/11.
SO AS ON 31/12/10 WHERE I WILL KEEP THIS AMT IN MY A/C
PLEASE GIVE ME THE ENTRY.
THANKS

Dear Friends

Ours is a society.We enter accounts in Tally. we had a 3 Bank Od accouts around 20Crores

When i enter Bank OD transactions in Tally(I groupd bank od under Loans-liability)
Receipts and payments account is not tallied why?

is my grouping Bank Od under loans-liability Right or Wrong??
Please provide correct solution

Respected CA Club Members,
My Query is -:
that while opening one particular ledger in Tally ERP 9. which is inventory activated, I am getting the error as
" Exiting Tally, Sofware Exception C00005, Memory Access Violation, what to do and what are methods of rewriting.
- Expecting a reply soon

Thanks & Warm Regards
Jitendra

What is the average salary of a Cost & Work Accountant in PSU?

Hello All,

Recently I came across a cash flow statment in which PROCEEDS FROM ISSUE OF COMMON STOCK IS NEGATIVE.
Can you please let me know under what circumstances it will be negative.
Financial statments were prepared under IFRS.

Regards,
Shrivatsa

Dear Sir,
Please consider this issue:
A company enter into Agreement for taking premises for a Rent of 5 Years. During second year, the company made Renovation and Extention, Partition of Card boards, fixing of Electrical fittings, build a floor, tiles etc., After end of 5 years the Rental Agreement will be proposed for Renewal also.
Query:
1. Whether this Renovation expenses are qualified for Capitalisation as Per AS-10? Since, if Agreement is terminated, the company does not own any part of the Premises.
2. According to Income Tax Act, whether this Renovation expenses are should be capitalised and can claim Depreciation or it should be write off in the year in which it is incurred?

friends, please help me in clearing this

total purchases- 432000

cash purchases-20% of net credit pirchases,purchaSE returns1/7 th of gross creditpurchases

find the gross credit purchases. i tried in so many ways. please help me

Can any one tell me which is the best current running Inventory software for the garment industry.


Thank You

Dear experts i want to know what credit rating agencies do? how do they help to companies ? i work with some company and i found our company had made some payment to credit rating agencies. our company has taken loan, and how do credit rating agency do help us in this matter please clarify