Please let me know the criteria to be applied to treat something as :

a) inventory

b) Investments

Thanks.

what is the accounting entry for credit note issued by supplier ?
What is the Accounting Entry for TDS on services taken?
What is the Accounting Entry for excise Duty payable either by PLA or through CENVAT A/c?
What is the Accounting Entry for foreign exchange fluctuations for gains or losses?
What is the accounting entry for stock (raw material/semi finished goods/finished goods) transfer to another branch within the state and out of state and what is the tax treatment on it?

Dear Sir,
If subsidiary company already having Goodwill in the balance sheet and while preparing CFS for holding company the capital reserve arise.
Query:
1. Whether Capital Reserve can be set off against goodwill in subsidiary while preparing CFS?
2. if yes, whether it doesn't amount to impairement of Goodwill?

what are the books to be maintained by a land developer which is a private ltd company?

we have incurred an expenses for air tickets & hotels booked for Company's Guest & consultants (Not Employee).

Now question is that, in which head we have to book this exp ?

Regards

In case of IT depreciation being more than Accounting depreciation, the deferred tax liability would arise. Should be shown in Balance Sheet of the same year in which it arises? Besides as far as its accounting treatment is concerned it would be shown in next year books. While calculating advance tax for this year, whether it should be taken into account for adjustment or not?

In preparation of consolidated cash flow statement:

a) whether individual cash flow statement of subsidiaries and Parent to be taken and consolidated.

OR

b) Cash flow statement to be prepared from consolidated Balance sheet.

If a company got incorporated on 03-12-2008 and it has prepared its accounts for financial period from 3-12-2008 to 30-09-2009 and subsequent to that there will be one more accounts which will be for the period 1-10-2009 to 31st March, 2009 to follow the Income Act, 1961. Thereafter, the company accounts will be prepared from 1st April to March.

Can you please commend on this.

What is the use of
Accumulated Depriciation?
Give an example transaction for
accumulated depriciation.

Can we post depriciation monthly twice?

Thanks in advance
fazle_sap_fi@yahoo.in

Pls give me the balance sheet format under schedual IV

Thanks in advance

fazle_sap_fi@yahoo.in