can anyone tell me when one follows method of "paing as you Go" in case of Leave encashment which against the Accrual Policy and also against AS 15 " treatment of retirement benefits" whether one can follow such policy and disclose the fact that such policy has been followed in the preparation of financial statement or one should not a policy against fundamental accounting assumption, accrual in this case, as the standard provides for disclosure of fact only if fundamental accounting assumption are not followed. please clarify

Dear All
At what exchange rate export sale bill for a particular month be booked? will it be the custom exchnage rate or the rate of the day of transaction?

One of my client being an individual engaged in provision of services (i.e.Admission consultancy for Master degree courses through various B-Schools/Colleges.)In the very first year he incurred Rs.150000/- towards Web designing which is very essential for such type Business/profession.There after in every year Approx. Rs.40000 to 45000 will be incurred for upgradation/renewal charges.

How the same is to be treated in books in the very first year & subsequent years.(i.e.
either asset or Deferred or revenue in nature.)

regards.

X Ltd. Purchase 200 unit @ 1200 each for Rs. 240000/- but he received 205 unit by mistake what journal entry pass for excess unit received.

EXEMPTION CAN BE CLAIMED UPTO 15000/- FOR FAMILY? WHAT IS LIMIT

Hi All,

I have a query relating to posting on rent expense as per US GAAP.Let us assume in 2009 we booked rent $5000 which should be $25000. now we are at march and december 2009 financial closed and audited as per US GAAP.
can you please tell me how we book this $20000 in current financial?
If you u want some more information just let me know.
Thanks,
Anil

did anybody tell me about how to accountfor chit transactions.

Will AS_9 is mandatory in 2001-02 financil year for public limited company

Dear Sir/Madam,
What will be the effect of loss on investment at the time of preparation of cash flow statement as well as depreciation at the time of preparation of cash flow statement.

Kindly give me the details regarding the loss on investment and depreciation as soon as possible.May you also define the Direct Method and Indirect Method of Cash Flow.

Thanks & regards,
Raghav Jha

Dear Sir,

What will be the accounting entry in the books of individual where glass has been broken which was purchased for flat and has been capitalised in flat under fixed assets .

And also please tell the accounting entry for the amt recd from insurance company twds furniture insurance claim on account of broken glass.

Regards

Ravi Konda