Dear,

Let me know about the entry to be passed and the effect of the transaction as given:

One flat is purchased in the underconstruction builidng which will be completed in next 3 years but advance to be paid from the 1st year i.e. on the date of purchase so how can i show it in financial and the effect of it.

IF ASSESSEE HAS RECEIVED BONUS SHARE FROM COMPANY WHICH A/C HE SHOULD CREDIT.

Hello plz Help Me ......

My Question Is on 10.1.09 X taken Advance Of Rs 10000 , I have entered in cash Book X Adv A/c Dr To Cash A/c, but On 15.1.09 X Submitted Expenditure Against Adv taken Actual Expnditure Occured for travelling rs 15000 But Adv taken Rs 10000 only Still Rs 5000 Payment have to made , i have written the entery by the journal by Travelling A/c dr 15000 To XadvA/c 10000 to Cash A/c 5000 is it write plz sugeest me i am in confuse Plz give Example By Passing Entery

Hello sir,

I wanted to know the applicability of AS-7 in the following case:

An individual has given his property to a company to develop and build residential flats. In exchange the individual will get 3 flats. So, is AS-7 is applicable on the company.
Please help.

Regards,
Jyoti

The asset is wrongly classified as P&M instead of Intangible asset. whether Amortisation/ Depreciation shall be with retropective or propective effect?

What is an Equity Stock?
How is it different from Equity Share Capital(fully paid up share capital)?
What implications do the conversion of Equity Share Capital to Equity Stock has?

Can u pls explain FTP ( FUNDS TRANSFER PRICING) and its uses for a company

regds,S.KUMAR

sir

our firm is a partner ship firm.the partners of the firm had paid chq for medicine required to them. should the transtion is tobe posted as expenses or to their capital ac

please say
capital partner dr
bank cr

Please tell that if an assesse is into a business of constructing house and then selling it, then for the purpose of valuation of WIP of house, would AS-7 be applied or AS-2? If you say AS-7 will be applied, then remember that it requires an agreement on the basis of which you will calculate % of completion of work, which is not available, bcoz first the assessee makes the house then sell it. If you say that AS-2 will be applied then remember that AS-2 specifically excludes valuation of contruction of buildings/houses.

Can anyone explain me

mainly what matters seen in finalization
except Accounting Standards