what u mean by guarantee under lien

On the receipt of import documents ( Sight Lc) in Bank, payment of $ 10 mn @ Rs. 45 has been made on 20.12.10 towards import of assets under construction. The aforesaid consignment was cleared from the port on 24.12.10 the rate of $ was Rs. 46/- on that date.
In this case whether Ex. Loss of Rs. 100 lacs is to be charged in revenue ( As per AS 11) OR is to be capitalised under CWIP.

opning balance of cash in hand is overstated by Rs.5000/-(L.Y. cl. bal).
reason is cash embezzeled by the accountant and cannot be claimed now.

what entry should be passed and also it
should be passed in payment mode or not.

One of the my client has crossed turnover of Rs.10 lac so that it is mandatory to pay service tax by e-payment but he doesn't konw how to operate so that he want to deposit money in my account and i will pay his service tax from my account using my internet banking.
so how it will be reflected in my account at the time of passing accounting entry for such transaction?

Respected Expert,
I want to know which type of item booked for capital item is any AS mentioned the particular value for capitalized the item like above 5000 amount value item only capitalized, Kindly clear my doubt.

Thanks & Regards

what is the accounting and tax treatment of Scrap?

Hello

please help me to make entry of addl discout recevied. we get every month addl discount on products. compay deducted that amount from our cheque amount. I have made journal entry
Addldiscount A/C DR
To company A/c

But in ledger that addl discount amount showing as payable.

please state me the source where can i get the depriciation scedule for the year 04-05,05-06,06-07 of company's act,1956.as soon as possible

In a recent interview I replied that advance for fixed assets is shown as capital-work-in-progress but interviewer opined that it is shown under loans and advances and I did not agree. Please comment.

Dear sir
i want to create one budget for construction project if any body have excel sheet please send me nmanohar47@yahoo.com