can we capitalise interest paid to bank during the period of temperory shut down? shut down is for the purpose of maintenance. will it makes any difference if shut down is for increasing efficiency of plant?

Can you please explain what is amortisation of an Asset in point of view of accounts?????????

dear Experts,
At first i wish you a happy diwali,

sir i have a query-

1)A Tour Operator( Pvt Co.) who arranges foreign tours receives advances on 1/1/2008 for the tour which will commence on 15/04/2008.The tour operator makes profit out of some commission on Air tickets and also a service charge from customers.he follows accrual system of Accounting.

my specific query is when the tour operator should realise the revenue.
is it
(a)in the FY 07-08, on the date of receipt or
(b) in the FY 08-08 in the year in which the tour actually commences.


thanking you sir

One urgent query

The new company law forms form 23 AC and 23 ACA requires company to give related party transactions as per AS 18 with respect to capital related transactions and revenue related transactions.

Pl let me know whether AS 18 is compulsory to all the companies? Some companies are giving details in notes to accounts.

A company is registered two years ago. It has not started any activity till now. But it some expenses like audit fee, legal fee, bank charges etc. I want to know how to treat these expenses in the final accounts.
Two months before, I have put the same query and the answer was that the exp should be treated as pre-operative expenses. But one of my friend CA has told me that these are not pre-operative expenses. Instead these are revenue expenses and a return of loss should have been filed.
Please guide me what is the exact procedure to treat the same in the books. Plz ans.
Thanx

Please Help me for Actuarial valuation of Gratuity Liabilities and leave encashment Liabilities under AS-15(revised 2005). and also send me performa for the same. how can i maintained this. or please send me Email ID & Phone No Of actuarial Proffesional near Delhi or Punjab.

Please help me and email me soon


Thanks & Regards,

Ajay Kumar Sharma,
Asstt.Personnel Officer,
Mukerian, Punjab
ajay0006@gmail.com
Mob:- 919888301880
Mob:- 919316898170

Good Afternoon,

Our Detail
Mfg. PROPRIETORSHIP FIRM - SHREE KRISHNA PACKAGING (SKP)

FACTORY PLACE - DADRA & NAGAR HAVELI (D.& N.H.)

HEAD OFFICE - OPERA HOUSE, MUMBAI

VAT REGISTRATION - YES at (D.& N.H.)

PRODUCT - CORRUGATED BOXES(CARTONS)

Now, we had started production of consumer product "Corrugated Luggage BAG".

To sale this product we opened a New BRANCH on same Company name at "MUMBAI/MAHALAXMI",

For that we are showing transfer of Product from "D & N H-Factory" to "Mumbai-Branch" as Sale for SKP(D.&.N.H)FACTORY and Purchase for SKP(MUMBAI)BRANCH.

Queries.
1. (Last Para) Is it right to show Sale & Purchase in same Company, where only address is different?

2. We want to Make VAT Registeration for SKP Mumbai-Branch, Is Two VAT registrations allowed for same company but for two Different locations?

3. If VAT Registration is allowed for Mumbai-Branch then What will be the process to File VAT Return?

When dividend is declared is it after net profit or before that

WHAT IS CREDIT NOTE AND DEBIT NOTE??

My client is converted from parternship firm to company as on 15th april 2007 and its partner capital was converted into share capital of the company.
For the purpose of calculating average working capital turnover ratio,as on 31st march 2008,should i take WC of partnership firm as on 2007.