Dear Sir/Madam,
I have the following doubt:

Before the Companies accounting standards rule came out,the following was the situation--
Companies were required to follow Sch VI requirements and also the AS as issued by ICAI and in case of conflict,the SCH VI would prevail.

Then the above rule came out which provides as a note that the auditor has to ensure that AS 1-7 and 9-29 are followed by companies.
It further provides in its annexure that these standards are meant to be in comfirmity with law,however if there is a conflict due to any SUBSEQUENT AMENDMENTS IN LAW, the law shall prevail.

My question is:
Does it mean that at present the situation is that the AS overule SCH VI but only upon any subsequent amendments in SCH VI the law will prevail??
How to answer a question in the exams?...as per AS or as per SCH VI?

Kindly reply at the earliest.

Thanking You,
Regards,
Minal S. Vora,
M.Com

A sole proprietorship is being converted to a private company. How should we go about with the accounting? How to account for the consideration being shares in the company? Also what entries to pass for the changeover?

Dear all sir,

this year my firm register for tds return
& i just want to know how can i calculate a tds on my employee salary & my firm rent

what was the exumption limit?
what was the persantage of calculating tds on Salary & Rent??????


plssssssssssss rplyyyyyyyyy

hi

(A)if I pay advance tax 150000
my tax libility is 200000
and there is provision for tax 250000.

what will be journal enteries for these transations

or

hi
(B)if I pay advance tax 150000
my tax libility is 200000
and there is provision for tax 1800000


Pls help me

Monia

is design consultancy charges of a building will be captilised or not.plsease give me reply in two sitautions (I)whther the building is being made (II)or the buildind has already been made,

Sir,

My company annual return is still pending for the assessement year 2008-09 due to digital signature. I want to know late fees charges/interest on late filing of annual return.

Thanks,

Vijay

Sir

can you send an accounting manual praforma
to me it's very urgent for me

please send it ASAP

I want to ask that we are prop. concern we have purchase plot costing Rs. 12,55,000 /- and besides that we have paid 80000 /- for stamp duty can we add stamp duty in the in the value of plot and we also want to show these expenses in my Indirect Expenses so can i. Please sought out my problem and tell me the journal entry of the above said


Thanks in advance.

Dear Friends
According to para 5 of AS 11 , it is not applicable on cash flows
Now if we want to Convert foreghn Company Cash Flow from Foreghn currency to INR , what rates must be used for conversion
For example Closing , Opening or average

Sir,

Pls explain to me in details what is letter of credit and what is the role of it in export and import.