There has been an amalgamation of two private companies. The transferor company had in its books share application money. The amalgamation was in the nature of merger. The amalgamation scheme provides a broad accounting treatment for accounting of all assets & liabilities.

How will be the share application money be accounted in the books of the transferee company.

Can the same be shown as "Share application money" in the books if not then what is the accounting treatment.

Transaction/expenses related to
01.02.2009 to 26.02.2009

Whereas Bill date : 28.04.09

Bill Value : 50,000/-

Nature : Contract for Dewatering Works
(Maintenance)


Whether the above expenses can trated as previous year expenses/it is accounted
in current year ????

Please, answer with reason.

sir

if a partner takes cash from his partnership firm for his medical exp. what ac should be debited

should the partner capital ac dr or shown in P/L ac as welfair ac

Please say

Regards

The company purchase new car, that entire amount is to be capitalized,

Vehicle insurance and road tax also we have to capitalized or not

If any income is earned on stock-in-trade, what is the treatment of the same and where it should be discloed in financial statements??

Eg. A company is having stock of equity shares on which it erans dividend income. What is the traetment for the same??

Dear all
plz tell me accounting treatment of expenses relating to the increase in Authorised Share Capital after the incorporation of company and also the expenses relating to the issue of share during any subsequent year of its incorporation

plz tell me that which documents are required for accounting of newly formed pvt. ltd. company

Hi

Please can you tell me Acquisition , Merger and DMerger

Thanks
Monia

Dear Sirs,

Can any one tel me that which particular method should be used for particular company like Manufacturing company/ Construction company/ Service industry?

Thanks,
Muntasir

Hi

customer invested 15 lacs FDR for one year @ 10.50% interest pa.,with HDFC Bank on 14-10-08

The bank deducted TDS Rs.9143/- & issued form 16A on accured interest Rs.80701/- during the fin.year 2008-09
+1500000+80701-9143 = closing bal.1577557
as at 31-3-09

Fin.year : 2009-10
but the fdr cancelled before due date ie., on 04-05-08. but gross interst earned only
Rs.67,200/-

Tax paid on 80701/- (during fy: 2008-09)

how can i make entries