Dear Expert,

Please guide..

In many cases you donot know the account head to be used In a subsidery company ...
1) If expenses are made by director of the company like purchase of Laptop bag, water bottel & his mobile battery etc through his company credit card which account should it be debited to ?

2) DD made for acquiring IEC code which expense should be debited?

3) what is difference between Entertainment expense & Hotel loading & boarding.

4)what is difference between Filing fees & Rates & Taxes

Awaiting your valuable reply
Thanks & Regards
Ami

I want to know the treatment of interest received on FDR When the company is under operation and all revenue expenses is transferred to pre operative expenses head.
Is this income can be deducted from pre operative expenses head.

can business organisations take into consideration Interest on loan,for valuing inventory,paid for loan taken for meeting working capital requirement involving major item as stock as in case of sugar companies.
for example.. X ltd is a sugar manufacturing company and make its sales as per the demand required by the government.However production is done only for 4-5 months a year and as sales is as per the demand of government many a times it happens that there is huge shortage of funds for raw material i.e sugarcane,so they have taken loan on which interest is to be paid.Now can the co. take in to consideration this interest amount for valuing inventory.

If 100 % payment is made in advance against good imported,
is it that there will be no booking of foreign exchange gain/ loss ?

Also on what rate should the purchase booking on imports should be done ?
On the date of Bill of Lading or on the date of BIll of Entry ?
Also shud custom duty, C&F charges be debited to purchase a/c instead of their respective expense heads ?

Pls reply urgently

Please let me know that Why do we transfer the profit before incorporation to Capital Reserve account?What if there is a loss?

what is the treatment of duty drawback received on export sale is this a direct or indirect income?

plz can anyone explain me what is the difference between internal reconstruction and external reconstruction

Dear Sir/Madam

Please provide the depretiation rete for computers used in finance department

hello everybody,

my attempt for pcc is in nov09. i have solved classes problems of accouts, but while solving compilation i find difference in answers & even steps in some problems. can anyone tell me whether problems of compilations are correct or not. i am confused.

please i wanturgent help?????

sir
i want to know responsibilities of Accountants, works which are tobe done regularly