sir. An organisation which is into provision of educational services has to employ learned faculties, since the age of these teachers is mostly above 60, the organisation is finding itself admist this dillemma of whether gratuity is payable to them or not.

Also the organisation keeps service rules( i.e. the contarct with each employees.

please suggest

sir whether an organisation which is into provision of educational services has to employ learned faculties. since the age of these teachers is mostly above 60, the organisation is finding itself admist this dillemma of whether gratuity is payable to them or not.

Also the organisation keeps service rules( i.e. the contarct with each employees.

please suggest

X is a promoter who is buying a company ABC from Y. X has paid some amount to transfer the ownership of ABC from Y to X. In addition X also paid some lumpsum to Y as a premium (market rate or cost of good will or black money.. whatever u call). How does X treat this in his books of accounts?

what is the treatment of payment to the promoters of a company to buy out a company?

Hiiiiiiiii,

CAn Anyone send me all the details regarding SAP Course.i m in delhi,& want to do the sap Course.Im an Garduate in B.com & Doing M.B.A & Doing Job as well in Accounts Field.Please respond to me on Same or on my id seth_sandeep1987@rediffmail.com

We are claiming deduction U/s 80IA in the last 10 years from the alloted 15 years and my Tax depreciation will be end in firs 5 years. Then whether any special adjustment is required for As 22 or simple taking only depreciation difference.

Please guide that whether a loan backed by Bank Guarantee should be treated as Secured Loan or as Unsecured Loan. Please mention the Section also

what is the difference between accounting polacy and accounting Principle and US GAAP?

We are running a rice mill we joined in a chit and got auctioned the chit and the auction amount received through chit was invested for rice mill machinery how to account these transactions

Chit Value - 20,00,000
Amount Received - 14,00,000

How to account chit dividend and bid loss

bid loss to deferred to Chit instalments or whole bid loss shown as loss in which the year the chit auctioned please clarify

Dear Sir/Madam,

I have a query in respect of reimbursement of expenses.

Currently as i understand any invoice raised in respect of reimbursement of expenses goes as credit to expenses instead of revenue.

If the contract is inclusive of expenses, it takes the shape of revenue.

Hence, wanted to know whether there is any possibility of recognition of revenue on reimbursement of expenses if the contract is not inclusive but exclusive.

I am given to understand that as per US Gaap, the same can be taken as revenue...

Would Indian Gaap also allow me to do so...

if yes/ no.. can you substantiate with any guidelines or write-up...

Thx in advance...