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Faiz Ahmed
This Query has 5 replies

This Query has 5 replies

04 September 2010 at 15:11

Terminal Value

What is meant by terminal value of cash inflow in relation to modified internal rate of return method of capital budgeting?

Please explain in clear and simple language.


naveen
This Query has 2 replies

This Query has 2 replies

04 September 2010 at 14:14

entry

i need a definitation of journal



Anonymous
This Query has 1 replies

This Query has 1 replies

04 September 2010 at 10:17

Calculation

I have Purchase Residential Land for Rs.250000/- and my Construction cost is for Rs.7,50,000/- but I have only Land Purchase Papers. So How Can I saw my total cost of Rs.10,00,000/- my Residential house in my balance.

Kindly give me the right suggesstion
What to do ?

What to do about cost inflaxtion index benefit ?


Akhilesh
This Query has 2 replies

This Query has 2 replies

03 September 2010 at 19:23

Presantion of Expense /Imcome

We are in carpet indusrty, our customer wants repair of carpets as & when they required, we send our represnative to do the work there exp includes (traveling, lodging, fooding etc)we charge from party lumpsum amount depends upon customer 2 customer through debit note. What is the correct way to present this situation in books.Presently we are showing expenses net of receipts.


ritu mehta
This Query has 1 replies

This Query has 1 replies

03 September 2010 at 18:46

goods destroyed

hii i have some query about the treatment of goods destroyed due to fire
goods destroyed 40lac
sale of good destroyed at lot rate 80000rs
insurance claim rec. 16lac
then tell me the treament of this case that how we show these trans in trading&p\l ¬es to a\cs
pls reply fastly


ankush94
This Query has 1 replies

This Query has 1 replies

03 September 2010 at 18:34

Profit & Lass A/c vs General Reserve.

What are the rules for transfering profits to General Reserves other than the mandatory transfer in case of Dividends.

For all purposes, is the balance of Profit & Loss A/c in Shareholders Equity to be treated on par with General Reserves?


Rajnish Singh
This Query has 8 replies

This Query has 8 replies

03 September 2010 at 15:35

goods in transit

dear all aspirants

kindly suggest on GIT matters.

Thanks


CA Sanjay Baheti
This Query has 1 replies

This Query has 1 replies

One of my client has given Performance Bank Gurantee of Rs.115000/- to supplier in year 2000-01 taken from Bank against which the bank has taken 10% margin in the form of FDR i.e. Rs.11500/- Now in books still is standing.I asked the reason from my client then he explained to me that the Original Bank gurantee was not returned till date from supplier as the same was lost from them till the bank is not ready to realise the said FDR. now what to do in books to remove this entry after keeping in mind accounting concept & also from taxation point of view.

Please reply urgently & thanks in advance.



Anonymous
This Query has 1 replies

This Query has 1 replies

03 September 2010 at 12:54

Deduction of TDS

Kindly let me know under following two conditions whether dedcution of TDS applicable or no tax is deductible under both the conditions
1. Sweets purchased in bulk for distribution to employees in ordinary pack
2. Sweets purchased in bulk for distribution to employees in a pack, with advertisement message of the company

thanks


sanalkumar t m
This Query has 1 replies

This Query has 1 replies

03 September 2010 at 12:43

Chit Fund

My Friend Started a chit fund Can anyone say
What Should be the Accounting Policy ?
What should be the Revenue Recongnition ?

Chit Fund take 3 year to Complete ?






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