Dear all,

whether the processing fees on renewal of credit policy/ buyer credit can be amortised?

if company has a policy of amortisation of processing fees of long term loan and short term loan then has to amortised the above.

if, no then is there any violation of AS, company law or income tax provision.

Kindly reference to other companies policy or case law in above regards.

Dear Sir,

We are running on SAP.

I have got a following query.

We have made a payment of Rs. 50,000/- as advance of a Contract of Rs. 1,00,000/-.

We deducted TDS at 2% of Rs. 50,000/- at the
payment date.

Now the full & final payment of balance is done after 4 months.

Now how can we put a check at the time of full & final payment that the perfect TDS compliances are done or not?

because during these four months, there may have been several other entries passed in the creditor account. so guide us the internal control & accounting system

a sole proprietor has been paying to bank towards his education loan and is showing in bank statement. Is it to be treated as expenses & shown in P&L a/c or show as drawings and show in computation of income under rebate and take only interst part of it. If so what about principl Kindlly guide.

TDS is applicable for hotel ling industries? If Yes Pl explain

when do we exactly calculate Revised Standard quantity?
i have been told where the total of standard mix & actual mix is different then we calculate RSQ...what does standard & actual mix means?is it related to % of the inputs used in making output or is it the units of inputs used in making output?and is it correct to say that the difference between the two may be because of normal loss?

Can any body tell me, how to value stock in hand of a investmenmt company as on 31.03.2010 as per the accounting standard.

DEAR SIR,

HOW TO VALUE WIP STOCK AND FG STOCK

AS PER AS-2 WITH ONE EXAMPLE

WITH THANKS

K A K

DEAR ALL

WHAT IS MEAN BY MATERIAL COST

AND

HOW TO CALCULATE MATERIAL COST WITH EXAMPLE

THANKS

K A K

A Pvt. Ltd. company has Paid share application money for SHARES IN other Pvt. Ltd. Company.
Please tell me whether following prentation is correct:


Investment:
ABC Pvt. Ltd. 20 lacs
(share application money)

I have to finalize accounts of a company.what is the procedure for valuation of stock?
I knw we have to valuate closing stock as on 31.03.10 (on cost or market price, whichever is less)but who will evaluate the market price? what will be the supporting documents for the same?

Pl. explain !