Can anyone provide me a matter of resolution, which have to be written on minute book and proceeding book in whole year.

We have certified our esi return for the period Oct'10 March'10 from our auditor. Audit sent their bill dt. 12.5.2010 as audit fees but we did not book this expenses previous year 2009-10. So my query is, can we book this amount in current period (2010-11) as prior period expenses and deduct tds on it and another question, is it prior period expenses when auditor sent bill on current year date ?

1.A Partnership Firm
2. Total 29 Employees
3. ESI & PF applicable for all Staff.
4. Some of Staff Name like Sachin, Asha, Rahul etc.

Emample : Suppose Rahul get Salary 100, His ESI 1.75 & 4.75 HIS P.F. 12 & 13.61.

If I want to ENTER Salary entry (Monthly Basis) IN ACCOUNTING SOFTWARE in the name of the Staff's (Indivudialy) then
1. How what will be entry ?
2. What will the Gruop of Staff Name.

Please clarify ........

We have done export in 2008 and we are not able to recover the same from customer due to leakage or damage. we had not covered the transaction of insurance. SO we would like to write off the same.

As per my knowledge we need to take approval from RBI. Can any one brief us on this matter and provide us a letter format for request to BRI?

Dear All,
There is a commercial building consisting of 10 floors of which first 4 floors have been constructed and ready to use/sale.
The client has taken a loan for the said assets.
My question is, whether interest on said loan should be capitalized in full or there should be a segregation as regard to the completed floors. whether completed floors should be regarded as Independent assets?
If it is so then the interest should not be capitalised in full and only for remaining 6 floors should be capitalised As per As-16 read all together with As-10.

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??

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

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

please help me.

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?

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