My company has entered into agreement with broadcaster to place there channel on a particluar band for F.Y.2010-11. agreement was made on 4 th aug 2010. now my question is can we issue invoice for placement fees in back dated say on 04.07.10.in agreement it is mentioned that agreement shall be in force form 1.04.2010 to 31.03.2011. pls reply soon.

2. The profits and losses for the last years 2001-2002 lossses Rs10000;2002-03 losses Rs2500;2003-04 profits Rs. 98ooo and 2004-05 profits Rs76000.The average capital employed in the business is Rs200000.The rate of interest expected from capital invested is 12%.The remuneration of partners is estimated to be Rs. 1000 per month .Calculate the value of goodwill on the basis of four years purchase of super profits based on the annuity of the four years.Taking discounting rate as 10%.
3. Amit and anil are partners of a partnership firm sharing profits in the ratio of 5:3 respectively .Atul was entered on the following terms.Atul would pay rs50000 as capital and Rs. 16000 as goodwill for 1/5th share of profits.Machinery would be apppreciated by 10%(book value rs80000) and building would be depreciated by 20%(200000).Unrecored debtors rs1250 would be brought into books now and a creditors amounting to rs2750 died and need not to pay anything to its estate .Find distribution of profit/loss on revalution between amit anil and atul.

is Closing shock an item of Trail Balance, if yes then state it is so
regards

An asset worth Rs.500000/- had been purchased on 2006, but it was

omitted to record in the Books of accounts.

In the year of 2010, the mgt realized the mistake and accounted the

same @ Rs.500000/- without providing depreciation for the PYs.

whether the asset is recorded at the correct value ?

Please advice...

Dear Experts
How to calculate networth of a company?
Is there any set formula. Kindly advise.
Regards
S L Dewan

applicability of ifrs to indian cos

sir
Our company is a newly formed pvt ltd company like to know that , How will be the accounting entries and under which heads of following details.
form-1,18,32 -registration fees-58000/-
printing & drafting MOA & AOA-15000/-
service charge paid for filing everything-10000/-

Paid up capital is-10lakh for now

and how it will be treated for income tax purpose as per deduction u/s 35D

sir,
how much rate of provision is applied on unsecured standard DEBTOR?




.4%or 100%




please reply as i post this question 4TH time

Sir/Madam,

1. What is Non-integrated Accounting...???

2. What are the Principal Ledgers and Control A/Cs under this system...???

3. Why there's need for Control A/Cs...???

Thanks.

Dear Expert...

How to treat the excess amount received on application at the time of forfeiture of shares

Case:-

Mr. X applied for 150 shares and
Only allotted 100 shares to him.
Face Valve is 10.
Issue Price Rs. 12 per share
On Application Rs. 2
On Allotment 3+2 (Rs. 2 is Securities Premium due at the time of allotment)
Rs. 5 on First and final call.

He doesn't Pay any amount after the application.

Now My Qn. is How we treat Excess of amount of Rs. 100 (Received on application of these shares).
Weather It will be adjust against Capital or securities premium at the time of forfeiture.

With how much securities premium will be debited on Forfeiture.

Plz also suggest the Forfeiture entry with amount.

Thanks