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Mayank
This Query has 2 replies

This Query has 2 replies

20 December 2010 at 12:36

eps due to employee stock option

i hv some query for diluted eps due to employee stock option

if company has issued shares to its employees for than fair value of shares than cash received by company resulting into liquidity of company than comapny should invest the same in its business the net profit increases due to the investments than what will be effect of diluted eps of the company?

e.g. company had 500000 equity shares outstanding on 1-1-2001.net profit for 2001 was rs.1200000 average fair value per share during 2001 was rs.20 company has given share option to its employees of 100000 shares at option price of rs.15/- than profit due to rs.1500000/- what should the effect of the same??




Anonymous
This Query has 3 replies

This Query has 3 replies

19 December 2010 at 22:06

Accounts

An advance travelling payment of 40,000 was made to an employee, after his travel he submits bil for 30,000 and returns remaining amount. Could anyone please provide journal entries for this transaction in copanies books


CA Ksheerabthi Nathan
This Query has 2 replies

This Query has 2 replies

bonus utilized for reduction of premium should be added and subtracted from LIFE ASSURANCE FUND or should be only subtracted.

please help me.


sankara pandi
This Query has 2 replies

This Query has 2 replies

19 December 2010 at 11:48

Costing Depreciation

A machine was bought @ Rs. 5,00,000 in the year 2000. The depreciation rate is 25% as per book of accounts. It has estimated life of 20 years and has no salvage value. The market price of new machine is Rs. 9,00,000 in the year 2010.

What is the procedure for calculating in replacement method of depreciation?



Anonymous
This Query has 1 replies

This Query has 1 replies

18 December 2010 at 11:33

Purchase of Property

Even the Interest Paid on Loan taken for the purchase of property should be capitalised?



Anonymous
This Query has 2 replies

This Query has 2 replies

18 December 2010 at 11:16

Purchase of Property

Hi,

When a Company pays the Stamp Duty, Registraion Fees & VAT on Purchase of a property, these taxes & fees should be included to the cost of property or shown as expense.


Ganisht
This Query has 2 replies

This Query has 2 replies

18 December 2010 at 11:06

AS-6, AS-10, AS-28 & IFRS Problem

A company purchaesd Capital Assets from any supplier. Supplier raised bill including VAT. Company Capitalised whole amount of bill inculding VAT because company is unable to take VAT Credit.

Now My Questions are:-
1. Is this treatment is right as per AS-10.
2. Is this treatment is right as per company law, 2006.
3. On what amount company charge depreciation as per AS-6.

At the year end NRV of that asset is less than purchase cost( excluding VAT).

4. On how much amount company book impairment loss.

Please suggest the treatment on above problem as per IFRS.



Anonymous
This Query has 1 replies

This Query has 1 replies

18 December 2010 at 06:09

debentures

Dear Sir/Madam

X Ltd. 10% debentues of Rs.20,00,000 at 8% discount redeemable at par . Assume that the debentures areredeemable by drawing method in the following manner:
YEAR END FACE VALUE (Rs.)
2 2,00,000
3 4,00,000
4 6,00,000
5 8,00,000
thediscount on issue of debentures will be written off in the 1st and 2nd year as

(a) Rs.40,000 , Rs.40,000
(b) Rs.40,000 , Rs.36,000
(c) Rs.36,000 , Rs.28,000
(d) Rs.28,000 , Rs.16,000

Ans:(a)Rs.40,000 , Rs.40,000

Please tell how to calculate?



Anonymous
This Query has 1 replies

This Query has 1 replies

18 December 2010 at 06:01

Accounting Process

Dear Sir/Madam

Thw net effect of all the Nominal Accounts in India?
(a) Profit & Loss A/c
(b) Trading A/c
(c) Capital A/c
(d) Balance Sheet

Please tell which is the answer and Explain?



Anonymous
This Query has 1 replies

This Query has 1 replies

18 December 2010 at 05:58

Accounting Process

Dear Sir/Madam

Goods sold to A Rs.40,000; Goods purchased from Rs.33,000. Transfer entry is required for-
(a) 7,000
(b) 40,000
(c) 33,000
(d) 73,000

Ans:(c) 33,000

Please tell how to calculate and how to post the entry?






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