Please can you tell me that FD for the period of 6 months or more, is equivalent to cash or not. Furthermore, please tell whether FD for the period more than 1 year can be assumed as current asset.

And please support your suggestions with logical reasons also.

Thanks

A company has sold some goods to its sister concern in FY 2008-2009. Now in 2009-2010 the company would like to take back the said sold material.
Whether it could be possible to show it as a fresh purchase in our books? any accounting standards, norms, principles, policies on this issue?

Company gives fixed expenses to employees as well as professionals. Fixed expenses includes fixed mobile bill payment, fixed food expenses irrespective of expenses incurred or not by the person. What should be the head of the expense. because we dont have any bill to support the expense.

I want to know that can i club my agri income with other business income & show it in P & L A/C
IN DETAILS
1. CAN I CHARGE AGRI EXP IN P&L A/C
2. CAN I CREDIT AGRI INCOME IN P&L A/C
3. IN THAT CASE MY OVER ALL PROFIT IS
FROM 2SOURCE ONE IS AGRI & ONE IS
BUSINESS.
4. IN THAT CASE MY AGRI INCOME IS ADDED
TO CAPITAL OR IT WILL CHARGABLE AS
REGULAR INCOME & NO SPECIAL TREATMENT

Hello, Please advice what are the basic requirments in bank reconciliation. and provide meaning and over draft. and please advice me bank interest formola.

Can someone please send IFRS- List(updated

Sir,

A company has increased the authorised share capital and has paid ROC fees as Rs.80,000/-.

What will be the accounting treatment of this expense.

Regards,
Jyoti

Hi, We are into manufacturer & exporters of ready made garments. We have purchased some fabric worth Rs. 20 Lacs from a particualr supplier & he has sent us 6-7 bills for the same & he has charged us 2.5% of fabric value as transportation charges seperately on the same invoice. Now my query is, while making the entry should I add the transportation charges to Fabric amt or should I show transportation charges seperately under the same entry?

Kindly advice.

Thanks in advance,
Santosh

Hi all.

Its urgent plz let me kno where can i search for a specimen of the final accounts of a Media Industry or if any one has it kindly mail me at munjal.bhavya@gmail.com

Regards
Bhavya Munjal

1) A ltd limited purchase 1000 calulators from X LTD at rs.100 each plus VAT 4%. AND SOLD 800calculators at rs.100 plus VAT. Prepare a trading account, and find out net vat payable.
2)In case 1 above if A LTD sold calulators at 10% discount. Then what is the gross profit and VAT Payable.
3)In case 1 above if A Ltd give a offer for purchase of 10 calculators 1 calculator free. then what is the gross profit and VAT pAYABLE.
4)iN CASE 2 ABOVE IF THE DISCOUNT IS REIMBURSED BY X LTD. then what is the gross profit and vat payable.
5)In case 3 above if the free quantity is replaced by the X ltd then what is gross profit and vat payable.
6) Pass the necessary entries in the books of A ltd for question no 4 & 5.