Prashant
This Query has 2 replies

This Query has 2 replies

27 February 2009 at 11:21

What is share application money

What is share application money. I am seeing share application money remaining on company's balance sheets for years. Why?


Deepanshu arora
This Query has 2 replies

This Query has 2 replies

27 February 2009 at 10:38

capitalisation of software

dear all,
piz tell me whether software should be cpitalize or not


Srinivas
This Query has 1 replies

This Query has 1 replies

difference between cash flow & Funds flow statement


shankar
This Query has 1 replies

This Query has 1 replies

26 February 2009 at 11:26

p&L ACCOUNT / BALANCE SHEET

Ours is a central government organisation and has a sports club and many of the employees are members. club is getting subscription from all members. The club is not registered with any body and every three years will have committee elected by members. I would like to know whether it is mandatory to have P&L Accounts and Balance sheet or only R & P will serve the purpose.. please reply to shankar.bh@gmail.com


Samridhi
This Query has 1 replies

This Query has 1 replies

25 February 2009 at 17:44

related to banking

please tell me when accounting standards are not followed by companies then in case of bank going to lend the companies what are the steps taken by as a banker.
Give some information or reference to sites relating to credit appraisal banking so as to gain knowledge of banking.


Kishore
This Query has 1 replies

This Query has 1 replies

24 February 2009 at 16:18

Projected Balance Sheet

How to prepare a projected Balance Sheet...
U have been given the balance sheet and Profit & Loss account for prvious three years. how to prepare projected balance sheet. I require a specimen format and related workings.Its urgent


Aaradhna Yadav
This Query has 1 replies

This Query has 1 replies

24 February 2009 at 13:53

Accounting Standerd

Sir,
I would like to ask you the following question - A Company dealing in pipeline had a contract with another company on 1-1-08. the company closed its accounts on 31-3-08. on 15th april it was found that pipeline could not be laid down because of a rocky surface lying under it. the explosive costing Rs.300000 is required to explode the rock to laid the pipeline. It is an event occuring after balance sheet date as per AS-4. I would like to know whether it is an adjusting event or non-adjusting event?

Please reply asap.


CA skmnair
This Query has 4 replies

This Query has 4 replies

24 February 2009 at 13:06

Voluntarily following AS 21,23,27

Company voluntariliy follwoing AS 21 , 23 & 27 and preparing consolidated financial statements even if its not mandatory for this company. Whether auditor can sign such consolidated financial statements and whther company can submit same for ROC and other statutory purposes?


Ravi Kumar Rajgaria
This Query has 1 replies

This Query has 1 replies

24 February 2009 at 12:09

Interest paid on loan

I(Individual) purchased a plot and took a loan for Rs. 50 Lacs. EMI is rs. 1 lac (Principal 25000+ Interst 75000). I accounted in my books as plot under fixed assets for Rs. 50 Lacs.

Please clear what will be treatment of Interst paid under EMI each month? Should it be shown under drawings and less then capital? I am a salaried person.


jyoti hodawadekar
This Query has 1 replies

This Query has 1 replies

24 February 2009 at 10:47

prompt pymt dis.

if we gives prompt pymt dis. to exort customers, dis should be debited to p&L or deducted from sales.
As nt a trade dis. should be debited to PL instead of reducing from sales.
But is there any backup fr this?? is the treatement we gives in PL is covered anywhere in AS or elsewhere??






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