dear expert

a Pvt. Ltd. commpany having turnover of Rs 65 Lacs whether As 18 is apllicable to it or not?

Thanks

Regards

Aditya

WHAT WILL BE ACCOUNTING TREATMENT IF THE GOODS LOST BY FIRE ALSO HAVE A VALUE AFTER BEING DAMAGED? FOR EXAMPLE :- FIRE OCCURED IN THE GODOWN OF X ON 01.01.2009, VALUE OF GOODS AS ON 01.01.2009 = 10,00,000/- , COST OF GOODS WHICH REMAIN UNDAMAGED = 2,00,000/-, VALUE PLACED ON GOODS RETRIEVED IN A DAMAGED CONDITION = 1,15,000/-, X HAS INSURED HIS STOCK FOR 9,00,000/-. COMPUTE THE AMOUNT OF INSURANCE CLAIM.

Dear Experts,

i have seen many Annual Reports with abridged balancesheet. can any body tell me how can we issue abridged balancesheets, what is the procedure and conditions to be fulfilled before and after the issue of such b/s. what are its advantages and disadvantages.

awaiting your replies....

regards,
Shital

Can anyone explain me the following items with respect to goodwill?

1) Goodwill on Acquisition.
2) Goodwill on consolidation.
3) What is the accounting treatment as per Accounting Standards and IFRS?

Under which account heads the following expenses incurred in a five star hotel to be entered?

Linen
Bedsheet
Soap, Shampoo
housekeeping supplies
Photo frames
carpet
Interior design items

Dear Sir/Madam,

Can any one give me format of Depreciation as per companies act

My email id is:- shrishail.umaranikar@rediffmail.com

Regards,
Shrishail.

Q: An unquoted long term investment is carried in the books at cost of Rs.2 lac. The published accounts of unlisted company received in may,2009 showed that the company has incurred cash losses with decline market share and the long term investment may not fetch more than Rs.20000. How you will deal with it in the financial statement of investing company for the year ended 31.3.2009.

plzz answer me soon....i've 2 more Q. regarding this chapter....thanxx in advance

i had a short term capital loss in a.y. 2009-10 .....want to know wat is the accounting treatment for the s.t.c.g(loss)...to show it as current assets or deduct it from own capital a/c

AS PER THE ICAI STUDY MATERIAL OF CPT COURSE SALES IS CONSIDER AS NOMINAL A/C AND SALES RETURN IS CONSIDER AS REAL A/C. HOW IS IT IS POSSIBLE? AS COMPARE TO THE LAST QUESTION ICAI POINT OF VIEW THE CORRECT OPTION IS SALES RETURN A/C.REMAINING ITEMS ARE GENERALLY INVOLVED IN THE NOMINAL A/C. SO THE ODD ONE OUT IS SALES RETURN A/C.

Dear Experts,
Accounting treatment in case of self assessment tax paid is my doubt. I will detailedly explain my doubt down under.

Advance Tax is paid during the year of carrying business itself whereas Self Assessment Tax is paid only after that relevant year in which the business is carried.

In other words for the asst. year 2010-11 the advance tax paid is from 15th June 2010, 15th September 2010, 15th December 2010 and 15th March 2011 in case of corporate assessee. Still if the company has to pay tax means, whatever income tax paid after 31st March 2011 is called as Self Assessment tax so it pays it in the next assessment year (say Asst. Year 2011-12)

1) My doubt is HOW I HAVE TO ACCOUNT THIS SELF ASSESSMENT TAX PAID ON THE ASST. YEAR 2011-12 WHICH IS FOR THE ASSESSMENT YEAR 2010-11 (since as per accrual concept we have to book all the expenses incurred in the year in which it has arisen)

Please explain me detailedly so that i am able to understand.

Thanks for the everyone....

With great regards,
Rajesh.