Sir,
i have a query regarding valuation of shares.
i know shares are valued at market price or purchase price, which ever is lower..
But this is a year end entry...
Now suppose if i buy 20 share of jain ltd for Rs. 1000 and after few days i again purchase 10 share for Rs. 1500 and then i Sell 20 shares for Rs. 1800.. then how much profit should i book in my books... is there any subscribed method like fifo or average....
please suggest... and if possible then please assist me with some guidence note or accounting standard... my email id is abhishekdugar2202@gmail.com
Thankyou

Dear Experts,
i could not clear group in ICWAI FINAL(OLD SYLLABUS) but i got 59 marks in cost audit and management audit paper. Miss by one mark to avail exemption for next term.

now my question is
Q-1 Should i go for rechecking?If yes, than what is the procedure?

Q-2 how much fees per paper for paper rechecking?

please guide on this.thanks

Can anyone pls tell me what is the difference between invoice parking and invoice posting?

On what basis do you apportion selling expenses?
time basis or sales basis?
because in the IPCC november 2009 solutions it is given time basis. but in the text book it has been said that any expenses related to sales should be apportioned on sales basis. what is the correct method?

IN THE PRIVATE LIMITED COMPANY,WE HAVE PURCHASE OF CARS IN THE NAME OF THE DIRECTORS BUT PAYMENT IS MADE ON COMPANY ACCOUNTS. MY QUESTION IS
1.WHETHER SHOULD BE DISCLOSED CARS IN THE COMPANY BOOKS OF ACCOUNTS.
2.AND ALSO CHARGED DEPRECIATION ON CARS & INTEREST PAYMENT ON CARS WHICH IS HYPOTHE. AGAINST FINANCE COMPANY IN THE COMPANY BOOKS OF ACCOUNTS.

as per AS-2 whether Quantity discount received on purchase of raw material is deducted from cost of inventories or not.

Sir,
co. have sold fixed assets according to valuation assets sold on profit ,so pl. guide me that what is accounting entry of sale , profit etc. & on dep. sch. i will less, assets total sale value or before profit value. pls guide me with exmaple.

Dear sir

we want to Finalize our Accounts for the AY 2009-10. My problem is Our Company is sold a Vehicle on 31-08-2009 for Rs. 850000/-the cost of Vehicle on 12-10-2007 is Rs. 1175420/- on the same Block of assets One more Vehicle is there. Now my Question is According to Income Tax and Companies Act How can i Show the Deletion of Vehicle. Please can any Body tell me the Detailed Procedure of Depreciation Schedules as per Companies & Income Tax Act. Whether it is possible Please Provide me the Depreciation Schedules Formats. and finally in Dep Schedule as per Companies Act How much i want to Show in Deletion Column as Original asset Value or Sale Value or WDV of the Asset. Very very Urgent.

Dear all,

I am the student of ipcc,want to know the best books for accounting and advanced accounting , i have to self study and no any support for study , so dear all tell me the best books for the above subject from which i can understand the basic funda easily,

thanking you
regards

manoj

Sir,

if any company balance sheet show DEFERRED TAX LIABILITY in his previous b/s then it will show in next financial b/s also as opening deferred tax liability.