Can anyone tell me the rate of us dollar in rupee as on 31-3-2009. i search from google. but it was in vain

There are certain liabilities, say on account of credit cards which have been closed and other liabilities which are no longer required to be paid. Can they be written back? and the P&L would be affected by that. Will it also affect the income tax liability?

There was Credit card balance showing say Dr.52550 in our accounts and as per Card details it was Cr. 12000. The balance sheet was filed with the balance as per accounts. In next financial year, the opening balance was taken as afresh as per Card details. What and how the adjustment should be made to account for the difference in opening balances? could the difference be treated as prior period expense and Credit card credited with the difference?

Under A S - 16, borrowing cost includes the finance charges under Finance lease. Also, BC can be capitalised only if an asset is QA.

However, as per AS - 19, there is no such example or statement is provided.

Please let me know any example or case where finance charges of an leased asset under finance lease can be clubbed in the asset cost.

Dear All

I am working in one of Manufacturing company and in this company inventory control is very poor, i am new joining in this company and as an inventory control management task is given by managment to me we having 4 regional offices in Maharastra and that four regional offices having company own software i just want to know from all of you what is to major and major care taken to know about matarial in and out from that office i having following point if you having more then it then please add

STOCK TRANSFER NOTE (ISSUED FROM OFFICE)
1. Stock Tranfer Note No
2. Date
3. Issued to
4. qty
5. Amount
6. Name of Transporter
7. L.R. No
8. Items
9. expecting from you
10.expecting from you
11.expecting from you
12.expecting from you
13.expecting from you
14.expecting from you

STOCK TRANSFER NOTE (RECEIVED IN OFFICE)

1. Goods Inward Note
2. Date
3. Ref No (STN No of Other Office)
4. Ref Date (STN date of other office)
5. Received From
6. Qty
7. Amount
8. Item
9. expecting from you
10.expecting from you
11.expecting from you
12.expecting from you
13.expecting from you
14.expecting from you

its Practical dear i think all CA Student will implementing there Knowledge with hard core answer

thanking you

Dear Sir,

Define consuamble stores.

vat can be refundable on consumable stores.

its purchase and closing stock shown in trading and balace sheet or not under income tax act.

nut, bolt, arddite is consumable stores or not.

plz reply.
.....................

Dear Sir

we are mfg concern of hand tools.
we have purchased open broch which is used to make chabi(tools).

gas cylinder is for welding. it is machinery repair or purcahase.


it is machinery repair or purchse.

vat can be refundable on machinery repair under punajb act or not.


PLz reply.

....................

Dear sir,


Should we add back "Deferred tax Liability" while calculating Net worth of Company and vice versa "Deferred tax Asset".

Could you please give reason behind your answer.

we are a properitor firm. we are distributor & C&F AGENT of petroleum company.now,we are taking distributorship of another company along with current distributorship.now,i want to know whether we have to file differnt sales tax quarterly returns of both the distributorship or just single return.whether we have to open account of two companies for both the distributorship or one company IN TALLY.kindly guide us.

we are a properitor firm. we are distributor of petroleum company.now,we are taking distributorship of another company along with current distributorship.now,i want to know whether we have to file differnt sales tax quarterly returns of both the distributorship or just single return.whether we have to open account of two companies for both the distributorship or one company.kindly guide us.