I want to know the rate of depreciation charged on intangible assets by both wdv and slm methods as per COMPANIES ACT 1956.mainly for COMPUTER SOFTWARES and TECHNICAL KNOW HOW.
I have already reffered to AS-6 and AS-26 but rates are not mentioned there.
please help...!!
I will be very thankful...

Dear Sir,

if we have balance itc b/f 1st Qtr retrn to 2nd Qtr return by short amount.
then how can we adustthe that amount in vat-20 under punjab act.


suppose Itc of 1st Qtr Rs.50000.00
and c/f to 2nd Return.Rs.45000.00
shot by Rs.5000.00
in 3rd and 4th Qtr Return.

what is the adjustment in vat-20.


plz reply sir it is urgent.

dear sir,
i have created a free sample ledger in my tally 9.0 a/cing software, and passes many entries in sales invoices. but now when i want to enter this ledger i.e., free sample in sales voucher in tally, the ledger is not appearing even it is showing in ledger list.
so, please help me.

kuldeep

If a cheque has been received from the party say A, and then the cheque got bounced.Now the party issued a cheque in another's name say B. The cheque has been entered in the books with a new account B. B's account is showing credit balance and in A's account the bill had already been raised which is shown as outstanding. How the adjustment can be made. If the entry is made as

B Dr.
To A

is this correct. What should be the narration?

if advances have been received from clients and no bills have been raised yet. How can they be adjusted if the bills are not to be raised. Is this a correct practice by a company?

In the institute book they are given only 18 AS out of 32 AS for IPCC wheather these are sufficient for the examination point of view.
Pls give your Query.


With regards
MADHU

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.