Is there any provision in Co. Act that if value of fixed assets (suppose P&M) purchased during the year exceeds 10% of WDV then it is to be capitalised ? Or does AS-10 contains any clause regarding it ?

Dear sir,

What is genaral ledger process?

Regards
Ram

How to pass an entry in tally when we issue a post dated cheque?

Or what is the best treatment for post dated cheque?

can anybody give the entry of Interest on PPF & NSC and also give the head under which it will be shown?

Need to connect with someone who is an expert on AS-26.

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