If land is acquired on lease to construct a plant on it, and commercial production has not been started. whether it is necessary to amortize the lease rental even if commercial production has not been started?

Wheather it can be capitalized instead of being amortized

I would like to know the difference between valuation and revaluation.

Can we say Fixed assets are REVALUED every year and stock is VALUED every year?

If possible kindly quote any accounting standard which deals with this.

Thanks .

Anil

Anal.

hello,

can any one tell me to how to convert the digits into the words...

Like 1256 is one thousand two hundred fifty six.

Please send me some file or the instructions/formula for that at my email id...
Please dont send any password protected files..

hkgupta21@gmail.com

Pls. guide me what is Investment allowance reserve, and his treatment.

Hi friends,

Can any one suggest me that "Audit fee" is a statutory liablity or not?
If its statutory liablity than it includes all fee like VAT audit fee,tax audit fee,consultancy fee etc...


thnx
Manish Pareek

Sir,
I have query regarding on entry of salary, the eg entry is as follows.

salaries to staff 10 Dr
salary payable 6 Cr
ESIC emplyees cont 1 Cr
PT payable 1 Cr
Mobile expense 1 Cr
recoveries from staff 1 Cr

my query is regarding crdit given to 'recoveries from staff' .this deduction from salary is on account of non performance of employess or any other reason .
After passing this entry 'recoveries from staff' will reflect on crdit side of P&L, will this is correct ?
Is I am passing correct entry ?, or there is any other possiblity or entry is available plz guide me & show me some eg entries.
- thanks

what is impairment of assets?

What is the meaning of constituent’s liabilities in banking accounts?

please clarify me.

Thanks in advance

whether in this exam i.e June 09 CA final exmas in audit will be asking AAS or the Standards on auditing newly came and also some of them are replaced I think 5 aas has replaced other are same but only name has changed so what should we do this revised one or old one's

Also newly added 3 other accounting standards whether they are applicable in this exam for final i.e on financial reporting

As per Accounting Standard 10, cost of fixed assets comprises purchase price & directly attributable cost. But in relation to construction of a project administrative and other general overhead expenses may be included.
My query is whether all kinds of administrative expenses (like printing & stationery or general expenses or salary to office staff etc)incurred in the corporate office can be capitalised?