Hi,
My Company have a foreign branch in USA. Whenever the invocie is booked in INR it has to be converted to the USD for the local reporting in USA. So at which date's Foreign Exchange Rate should be consider for the conversion. The conversion should be done on the invoice date or the date at which invoice is booked in the books.
Thanks,
Kailash

Hi everone, I have a query regarding accounting treatment towards preproduction expenses. I have taken this as a deferred expenses. Now I want to write off this expense after considering the Accounting Standards. Can anyone please help me regarding this.

Can Sharing lunch with clients be treated as Business promotion expenses?
Please explain the difference between advertisement and business promotion expenses?

plz advice me on accounting for lifemembership fees received by trust for publication published by that trust.
some times trust received annual subscription also.

how can i recognised income of that trust

I have a query regarding Recognistion Revenue and Exchange Rate to be taken in case of Export sale or Import.

1. What is Exchange Rate to be taken in case of Export sales i.e whether RBI Exchange Rate or Customs Exchange Rate for Recognising revenue ?

2. Whether two exchange rates can be followed I.e RBI and Customs

3.While recognising revenue customs rate is taken and when actual payment is received RBI Rate is taken. Is this correct method.?

Please suggest me the correct way of the representing the transaction.

In one of the company, many payments are made exceeding rs. 20000 against the same bill. Is there any way by which such entries can be changed so that the disallowance u/s. 40A (3) is not attracted.

Plz answer this as soon as possible.

Hello friends,

i have a problem related to treatment of written of the shares.

i just want to give a brief description about the company & query.
the company is engaging in the business of trading of shares. the company maintain the shares as stock. accordingly the company used the increase/decrease of shares.
Around 3-4 years ago, the company has purchased the partly paid up shares from another company. at the time of first call the company has not paid balance amount. the another company has forfeited such shares.

the company forgot the treatment of such forfeited. Now in current year, the company wants to recognised the loss.

plz advise me a proper accounting treatment .
psnksj

Hello Friends,

What is the treatment of Following Security Deposits in Books of Accounts:

a) Refundable Security
b) Non Refundable Security

Which of them is Liable to TDS?????

When are import purchases to be recognised?
1. On the date of invoice
2. On the date of GRN
3 .on the date of clearing charges bill(if received through courier

Hi,

Am yesodha.Am working as a accountant in a pvt. concern. Its a small conern so usually payslip will not be provided to the staffs. so as per all staffs requirement am planning to issue payslip. so i request you to provide the format of payslip as a word document.

Awaiting for the reply