Dear All,

Can u please provide me the format for preparation of Balance sheet and Profit & Loss A/c / Income & Expenditure of a Gratuity Trust.

Thanks in adance

Regards

Amit Gupta

Q1)what is the exact treatment of premium on issue of debenture,shares in Cash flow from Operating Activities?
is it correct to deduct premium received & premium paid(if security premium is not given)?

Q2) what is the treatment of discount on issue of debentures in Cash flow from operating activities?is it corect to add it always?

Q3)if CDT is to be paid on dividend,then what is the treatment in Cash flow from operating & financing Activities?does CDTrate of 16.995% correct here?
Q4) is any treatment required for bad debts being written off?

dear sir,
i am a student of ipcc and my attempt will be on nov 10
i want question bank of all paper in group-1 for practicing for last few years.

please give me question bank otherswise give scanner name which one purchase for this.
please reply and i wait for ur suggestion.

TELL ME HOW MUCH DEUCTION OF PROVIDENT FUND SHOULD BE MADE BY EMPLOYER AS PER PF LAW FROM SALARY IN INDIA. IN GENERAL IT IS 12% BUT BELOW 12% IS POSSIBLE. EXPLAIN ME IN DETAIL WITH EXAMPLE. PLEASE CLEAR TO ME EMPLOYER SHOULD DEDUCT 12 % TOTAL BOTH FOR EMPLOYEE AND EMPLOYER'S CONTRIBUTION I.E. 06 OF EACH OR THEY SHOULD GO FOR 12% OF EACH I.E. 12% OF EMPLOYEE AND 12% OF EMPLOYER.

I want to know that on what basis prepaid insurance is to be allocated. on the day basis or months basis.

If an insurance policy was taken for Rs.1 Lac on 18 may of the F.Y. for the period of 1 year. it means for the 1 month month 17 day will fall in the next year. so how to calculate the prepaid insurance amount.

What is the rule & procedure for write off of any expenses from P & L / Balance sheet

Expert,
If 10 DVD writers are bought for 3500 each such that vendor issues one bill for 35000 then should this be capitalised or 100% depreciated as unit cost is 3500 < 5000.

thanks
kirti.

What can be specific Accounting(IGAAP) and indirect taxation requirement of a Builder?

Dear Expert,
Can you pls list the asstes that come each of the categories below (as in Sch of FA):
1. Plant & Machinery
2. Electrical installations
3. Equipments
4. Furniture & fixtures
5. Vehicles (shld the vehicle be in the name of the company?)
6. Can software be included in Technical knowhow fees?

thanks
kirti

Why we add back release of working capital at the end of useful life of an asset to CFAT?? Why we add that inspite of the fact that at the end only salvage value is realised in cash?