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.

I have read a question where it has been asked that "How is Cost concept extension of Going concern"

Please clarify it.

Why the closing stock balance no shown in TB? If the same is shown in TB what is its effect?

Can any body tell me the meaning of the "suspence capital".

Could pls mail me the asset register as Per itax Act

Can anyone provide me (With Format File) Criteria for calculating Incentives for Service & Sales Team?. Thanks in advance for kind support.

Hi all,
My family has 6 demat accounts and all accounts have certain shares,which we held as investments. We have another demat account in the name of our HUF. So can we transfer all the shares of 6 demat accounts to our HUF account? If yes, what will be the transfer price in the books of accounts and cost of the shares in the book of HUF?
We are planning to trade in eqities in the name of HUF. What will be tax impact?

Thanks in advance.

Could anyone pls mail me MIS format

my id prasannacs_bhat@yahoo.co.in

Sir, I am unable to understand the way cross currency rates is calculated:

For E.g.,

Mumbai Market- Rs./$ Rs.34.05 - Rs.34.15
London Market- $/Pound $1.7250 - $1.7260
Italian Lira/Pound Lira 3.9575 - 3.9590

A customer has to buy Lira from Bank, hence what will be the relavant rate of Rs./ Lira?

Please advice?

if we bought tally software for 38000, can i account it as asset in books of accounts or as expenditure . pls forward ur advice to uvbr@rediffmail.com