According to AS 14 in case of amalgamation in the nature of merger the purchasing co takes over all the assets & liabilities...Does it include even fictitious assets???? If not what will b the adjustment regarding that...I m a PCC student...Looking forward to ur help...

Suppose A purchases car in his name and takes loan for it in the names of A and B. Whether both can claim depreciation & interest on loan ? If yes, in which proportion ? please reply with section or any judgement etc.

If a Pvt Ltd Co. is a partner in a Partner Ship Firm Then the treatment if....
a)Out of Seven Directors Two Directors are also the partners in the Firm.
b)Can we give interest on capital & Partners Salary To the Pvt Ltd. Company
c)How is The Pvt Ltd. Company Show this Investment in his books of Accounts.

AS PER COMPANIES(DISCLOSURE OF PARTICULARS IN THE DIRECTOR REPORT)RULE 1988,SCHEDULE OF LIST OF INDUSTRIES WHICH SHOULD PROVIDE INFORMATION OF CONSERVATION OF ENERGY IS GIVEN IN IT.BUT IN SAME RULES, LIST OF INDUSTRIES TO PROVIDE INFORMATION OF TECHNOLOGY ABSORPTION IS NOT GIVEN.
WHAT DOES IT MEAN?DT ALL COMPANIES HAVE TO GIVE INFORMATION OF TECHNOLOGY ABSORPTION IN "ANNEXURE B" WHOSE FORMAT IS GIVEN IN RULES.PLZ CAN ANY ONE CLARIFY OR INTERPRET THIS.THANKS IN ADVANCE FOR CONSIDERING.

We are selling our companies assets at book value to our parent company in india.

Kindly let me know what is the entry to be passed for making accumulated deprecation as nil.

Pl send me the format of Profit and Loss account and Balance Sheet as per Schedule VI of the Companies Act

Dear all,

In the balance sheet of our company, under head issued and subscrbd capital, an amount under heading 'Forfeited share amount paid up' is being shown since last 11 years. now auditors have asked to convert this into reserve.

i want to know, what can actually be done with the paid up amount on forfeited shares.

plz help. its urgent.

Dear sir

We have migrated to tally erp -9 recently.
Can any one solution to the following:

1. How to export reports to excel. provision of excel spread sheet can be seen in the package but report could not be exprted to excel. Can any one sugget the procedure to do this.

2. In previous version, calculator can be used easily. But in version erp-9, you cannot see the calculator when you come to data entry mode. Pls let me know how to use calculator.

3. Why we are getting so small letters on the screen. It is very difficult to read the screen in tally-9. Our technician tried all methods to increase font size but could not. Tally support also told it is not possible to increase font size. Is it true? I dont think so

Thanks

RK

dear friends,

my firm is a partner ship firm I have paid income tax in cash rs 17000.00 for firm for fy 2008-09 the payment entry i passed is income tax debit to cash cr.

where should i adjust the income tax amount or journal entry if any

under what group should the income tax ledger be created

is it a part of balance sheet in capital ac or profit loss ac as exp.

Regards

Survesh

I want to change method of depreciation in company , what is the requirement , if financial statement will not looks good (decrese in profit) after changing of method , shall i change method ?? , please advise me.