Whether expenditure towards plans, designs and drawings of buildings or plant and machinery will fall under intangible asset? Whether it can be considered as Know-how ?

Please tell me the all cases of accountancy of import purchases?
Purchases of Revenue Nature.

What will be the accounting treatment for building demolished by client himself (i.e. not by any natural calamity or by MCD)

Dear All

Please guide me to know if it is required to disclose arrears of pref dividend and if yes where it is specified that it should be disclosed.

Thaking you all in anticipation.

While recognising sales or purchases, sales should be recognised as gross. i.e. it includes excise,vat,other duties and cess as per section 145 of Income Tax Act.

Many companies follows net system of accounting rather than gross.Which system is valid as per accounting standards, principles.

As an auditor how we deal with it.

Dear all,

We engages 200 laborers to work in our plant construction. Daily payment approx 40,000 per day.

My quest is can I pass single cash entry in cash book for Rs.40,000 as labor payments.

Is it allowable expenditure under income tax?

Pls clarify?

Hello Sir, Some unsecured loan has been taken from India Bulls , bajaj Finance Co, Cholamangalm DBS, reliance capiatl ltd Loan payment through EMI on Monthly basis , what can we laible to deducted TDS On Interest paid to co, if yes kindly guide us what can booked entry in the books,

Amount debited by bank from current a/c

what would be entry; is it contra entry

what would be cr and db entry in these case

thanks

I did the following entry. (tax refund)

Receipt

To interest (indirect income)
To advance income tax (current asset)
By bank.

1.does interest (tax refund interest ) come under indirect income or shall i enter under current asset

2. shall i create a new income tax refund a/c or is it right as above in advance tax a/c

3. does the entry come under receipt

thanks.

Hi can u pls help me to send a excel format for preparing financial project for bank loan.
details are given below

fund requirement 10 Lkhs
Manufactoring unit ( wooden furniture)
project cost 1758000
promoters contribution 758000
bank loan 10 lakhs
palant and machinery cost 254000
rawmaterials 4250000
manpower 2100
pls help me by sending the format containing projected p&l,BS for 5 years, working capital requirement sheet,cash flow and ratio analysis.