Loan taken by the relative of director for Co.from India Bulls Pvt.LTd.i.e. loan in the name of relative of director.It means co has taken loan from such relative
Repayment is done in the following manner:-
First EMI amt. transfer from Co's bank a/c to director relative's bank a/c and then repayment is done out of that a/c

Please tell me what will be the entries for above transaction?Also tell me whether co.will liable to deduct TDS on Interest amount paid to India bulls.

Hi Sir,
if we pay three months advance rental to a telephone company. then how will we pass entry? should it be divided in three months bills or not ?

a facility management company is collecting and maintaining a sinking fund for replacement of capital equipments installed in a complex ,
my query is:

what will be the accounting treatment of this in the books of the company which is paying such amount , the paying company is a leasing company and is the owner of complex.

Also, after few payments, the complex is given on lease to another company and since then the lessee is contributing directly to the facility mgmt co. (as per the lease deed)

please clarify the accounting treatment in both the cases.

its urgent

Please tell how we calculate Net Asset Value per share based on Balance Sheet

Regards

Girish Mani

I have a doubt about the accounting for the land development costs.

In a big land a commercial complex is to be constructed

Expenses are incurred for making the land fit for construction of building. This we call as Land developement expenses.

I am little confused whether the said Land development cost should be capitalised as part Land cost or as CWIP(all expenses incurred untill the constrcution of the complex are held in CWIP)

I think it should be part of Land cost.

Please post your views on the issue.

Thanks

Priya

Minimum Acceptable Rate of Return
The following information is available

Equity Share Capital 800000 (Before Tax cost %) 14
Prefereance Share Capital 100000 (Before Tax cost %) 6
Long Term Debit 600000 (Before Tax cost %) 8

The compnay is to undertake a expansion project cost rs. 500000 which can be arranged at 9%What is minimum acceptable rate of Return? Assumed 40% is tax rate for the company

Can any one provide solution please???

Please explain the reason/logic behind the following statement:

If the payment of the entire sum due is made by the Debtor 'before the due date', then it would result in a GAIN FOR THE CREDITOR & A LOSS FOR THE DEBTOR (by way of interest).

Similarly, if the entire payment is made by the Debtor 'after the due date', then it would result in a LOSS FOR THE CREDITOR & A GAIN FOR THE DEBTOR(by way of interest).

Thank you.

Hello Sir.... Is Tds Deduct from Total bill amount or service tax will less from total bill amount and than deduct tds.what is procedure for that?

IFRS is applicable from 1st april 2011, so
a person having no idea about AS should read IFRS or AS?

what is the bank reconcliation