Accounts QnA [Resolved]

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vijayabhaskarareddy

This Query has 2 replies

20 November 2008 at 12:02

accounting policy

we are indian incorporate company and almost all the investment in our company is made by forein entity(company) , here my question is can we need to close the books of accounts upto december 08 under the law , and also we have to close our books of accounts as at 31st march 2009. pls clarify my querry.

CA.ViVeK M ACA

This Query has 3 replies

19 November 2008 at 16:49

Date of capitalizing Fixed asset

please guide me regarding Norms Regarding date of capitalizing fixed asset As per AS of icai,INcome tax rules,Icai Guidance note and judgment.

sriram

This Query has 5 replies

18 November 2008 at 21:03

ACCURAL SYSTEM OF ACCOUNTING

Hi

what is accural system of accounting can anyone explain me with an example

Regards
Ramanathan.V

suresh

This Query has 2 replies

18 November 2008 at 16:29

Profeessional Tax

Dear sir

i have paid last month arrears in this month professional tax applicable on arrears ?

pl tl me

redards
Suresh

poonam

This Query has 5 replies

18 November 2008 at 13:09

query relating to journal entry

if i have purchased a computer for rs.50000 and got one printer free with it what entry will be passed?

Akshay Matkar

This Query has 2 replies

17 November 2008 at 21:11

Query on AS 11 & AS4

A co sold goods to a major frn party @ 42 rs/usd.On b/s date co booked d exchange diffrence on the same i.e as per rate of 31 march 2008 of rs 39,but on b/s signing date ex rate changed drastically to 46rs/usd...now wat wud be implications as per AS11 & AS4???wat shud be da rate at which ex diffrence shud be booked by the co??pls help.....

suresh

This Query has 7 replies

17 November 2008 at 17:17

Profeessional Tax

Dear all

i need small help

i have paid last month salary arrears on this month.Professional tax deducted from arrears amonut?

regards
Suresh

N Ramesh

This Query has 3 replies

17 November 2008 at 16:16

cash payment

some items received through corrier,is it may go to post & telegram exp,or it may to carriage inward.

thank you

N Ramesh

This Query has 3 replies

17 November 2008 at 15:49

cash payment

when lunch expences made for auditors.in which A/c head it may go

thank you

veena

This Query has 2 replies

17 November 2008 at 14:46

accounting for repairs

Dear

Can anybody guide me that how accounting treatment to happen in this case :
A company has taken an office on rent. In one year it spends approx 12 Lac for repairs or renovation (such as flooring, AC ducting & Glass fittings etc non removable)of the office premises taken on rent.
As this is rented property, shall this comapny book the expenditure on repairs/ renovation as Capital assets or revenue expense for Income tax purposes.

Please clarify and if possible give certain judgements from case laws.