Hi
While computing NAV of a listed company, should be take into account Deffered Tax Liability/ Asset or not?

Opinions
Take it: As it is an ascertained liability
Do not take it: As it pertains to future year.

Please opine.

Thanks
Regards
Ashish Ashra

I recently read somewhere that AS7 (% completion method) is not mandatorily applicable to construction companies who develop housing/commercial on its own account and then sell to public. In other words these construction companies are not bound to compulsorily follow % completion method. Is it true?

Is AS7 applicable only to contractors who undertake construction contract for their clients.

A private company(WOS) wishes to take club membership on the name of the company or on the name of the Managing Director. The Membership Fee is around 2.00 lakhs. Please advise me how to show in the books of account. Can it be written off as expenditure in the year of payment?

sir/mam

could you please help me out in my query.my question couldnt be posted here as i had to attach an excel file.i have posted it in the accounts discussion forum part under the heading " provisioning for NPA " .i have posted it on 03/2/09.please helpme out regarding the query

can Asset be written of fully at end of its life ??

Is it possible to convert a certain amount of Creditors(Who was silent for the last 5 years) into Reserves as per AS

How should the accounts of a person dealing in sim cards and recharge cards be maintained? e.g. A person purchases recharge cards of Rs.100 at Rs.90 from a Company and sells the same at Rs.100. In what manner the difference of Rs.10 be accounted for so as to avoid any provisions of Tax Audit.

In Hire purchase accounting the vendor deals in both cash sales and HP sales such being the case, the stock reserve for closing HP stock is to be ascertained using the loading percentage on HP price, will the loading has to be computed by HP price - Cash Price Or HP Price - Cost Price?

Dear all

Please give me accountind entry in case if a firm purchase material from b , & b sent the material to a , & a give advanced payment for material , & material loss in transit

that the time what entry we will pass in a book & insurance calim received after one month from the date of loss in trasit ,


ple give reply


thanks

Dear Sir,

I would like to know the accounting treatment of free gift along with Fixed asset purchase.
Eg: If 10 gm of Gold Bar(M.V)-Rs.10000 is been gifted along with the Car(Cost)- rs. 10,00,000 then plz tell me the accounting treatment i.e, jounal entry.