Higher inventory turnover is most beneficial or lower is better. Ex: Company A has ITR=10 Company B has ITR=12 which company is better.

the public sector undertaking has received government grant for capital expenditure which has to be treated as deffered revenue as per AS12. then where to show it in the balance sheet. whether it can be shown under the head 'reserves and surplus' or to show it separately after reserves and surplus and before secured loans as recommended in AS12 in which case is it acceptable as per schedule IV of the companies Act. kindly clarify.

i have purchase one machinery in 25th march and book under purchase account.
at 31st march the machine laying at stores and a part of closing stock of stock of spare .

machinery shown in closing stock or capital wip ?
which is right

fixed assets held for disposal are to be shown under which head? plz specify it

consumption entry is passed for WIP and FG production. what amount will be included in these heads? will it include only cost of materials consumed or share of labour cost and overheads?

If a company has numerous branches and branches maintain their own books of accounts.

Kindly brief how entries are made in HO books and Branch books

can some please tell me how to make entry for authorised capital in tally......

A Co. runs a solvent plant now it is starting new refinery plant under same premises. Pre operative expenses like License Fees, Vastu Expenditure, Salary to staff, Consultancy Fees etc. are incurred for the same. Whether it should be capitalised or deferred exp?If it should be capitalised then in which head?

Pls. Anyone Tell me that

What is Diff. Between FDR & KDR and what is full form KDR ???

Pls. reply asap

During a year Normal provison for income tax is made in books for the amt of tax liability on accounting profit. At the same time either deferred tax asset is created or liability is created. for difference between tax liability on taxable income and tax liability as per accounting profit.

In next year when a payment of income tax is made what entries will be passed.