Whether as per revised AS 15 it is mandatory to get certificate from actuary in respect of "Leave Entitlement"?
Case - Employees are allowed 25 PL in a year & they are allowed to accumulate upto 75 only otherwise it will lapse.
Since it is allowed for short term whether actuarial valuation is mandatory or mere provision in books will be comliance of AS 15.

Dear All,

Pl. clarify :

Whether the amt paid to MSEB for sanction of additional power supply (other than deposit) should be capitalized ?

Would you please solve this question?

From the particulars given below, prepare the Balance Sheet of X Ltd. on 31st March, 2005.
Particular Rs.
Annual Sales 4,00,000
Sales to net worth 4 times
Current liabilities to net worth 50%
Total debts to net worth 80%
Current Ratio 2.2 times
Average collection period 40 days
Fixed assets to net worth 70%.
Assume that all sales are made on credit.

one of our staff went to kolkata for investigating on purchase of machine from Germany.so in which A/c head it may go.

thank you with regards

What is meant by Red ink Interest?

Sir,
i am the one and only articled assistant in my firm.My firm is newly established firm
from monday onwards i am going to internal audit of one real estate company.this first audit for me
please advice in which areas i have to be focus and which types of expenditure we have and which acts and taxes will be applicable please advice me.


thanks and
regards
bandari.

my boss is going to abroad for official visit, for that we bought foreign currency form authorised dealer , let me know the accounting entrie for the above transaction.

Where we ve to show Minority Interest in Consolidated Financial Statement as per Sch.VI of Companies Act.

Can anyone tell what difference between Debtors & Book Debts?

one of out senior staff went to Kolkata for interview for Germany tour for inspection of one machine

please tell me in which a/c head it take

ramesh