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.....

Dear all

i need small help

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

regards
Suresh

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

thank you

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

thank you

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.

Thanks sir.

Actually i have to audit a manufacturing (KSFL Urea manufacturing unit)concern in which insurance spares is purchased since 1982,so can the same rule b applied to that also cause that is amount of Rs.85lacs (Approx) and no one knows when we will install it.

Sir,
Kindly clarify my doubt
Any Expenditure incurred in the nature of fixed asset shoud be capitalised, but what should be the minimum value of the expenditure to capitalise.
is there any circular or is there any note in the as-10.please confirm me

Thanks and
regards
Bandari.

hi! i want to know which date to b treated as capitalisation date,i mean when we receives an assets but transfer it to stores and some installation cost is yet to b incurred and after some months we install it so like installation date is 1.4.08 and purchase date is 1.11.07 and store receipt voucher date is 15.11.07.
can we do so that consider aasets in book at the time of purchase and start considering for depreciation at the time of installation.
please clarify with the reference of AS-10 & AS-6

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 ?