Whether Interest on income tax (234 B & C) should be included in provision for income tax in P&L a/c?
Is there ICAI Clarification?
Please make reference, if any?

I Need detail about Letter of Credit,(Procedures of open LC , requirement to open LC, Document required to open LC, payment, ETC )

Dear Sir,

i have appeard in CPT, result vl b announce upto 15 Jan.

I just want to know the best reference book for IT/COST/FM/ACCOUNTS ...

i just want to concentrate on study material and only a singal reference book for my practice...

suppose a co. has taken loan of $10000 at 10% interest p.a with exch.rate-$1=Rs40 on 1.1.09. exch.rate on 31.3.09-$1=Rs 45. Now what amount will be charged to P/L and what amount will be treated as borrowing cost.

While preparing cash flow statement in last year balance sheet proposed dividend is 100000 & in current years it is 200000,
then what shld we do in such a case?
I mean wat & where shld we do add & less also With reason y so?

I am using Tally 9.3

Up to the last financial year i had maintained inventory in tally. But for the current financial year i am not maintaining inventory in tally. now for the finalisation purpose, i need to update the stock value in the tally. How can i do this??????
Please Help!!!!!!!!!!!!!!

Dear Experts,

our company have purchased some pan drive for out office staff for their official working.
Is this is part of printing & Stationery or not. Total 5 pan drive purchased cost of Rs.2000/- please advice what would be proper exp head.

Is purchase of foxed assets deducted & sale of fixed assets added in cash flow statement in investing activities?
If yes then why?

Dear Sir/Mam,

A Co. is imported material, at the time of payment they are debited/credited the exchange diff. in respective material a/c. When i told to them that according to AS-11 this diff. should be debited/credited to P&L a/c instead of Material a/c , but they said that purchase a/c is also a part of P&L a/c.
So now tell to me that whether it should debit or credit in respective material a/c or in P&L a/c?
Also they are doing same treatment with Sale.

Dear sir

I have a client Flemino Dutyfree which have incorporated at 8 years back.
it is open a Duty free shop(on of Profit Centre) at Airport and start buisness from 1/6/2008 but it has incurred some expenses before starting tha buisness at airport so what is the accounting treatment of these expenses plz note it Company already incorporate before