Hi,

We have been appointed as Clearing and forwaring agentby one of the company.In this case who will be liable to pay the sales tax.Money is collected in the name oft he client and deposited in his account.Also what would have been the case if were appointed as the clearing sales agent?

What is the meaning of Quasi fixed assests?

Dear Sir,

I am going for interview tomorrow for following profile.

Intercompany accounting ,closing of books,acccounting of Fixed Assets,running depreciation.

Please give some notes/articles for preparation.

for e.g. content of intercompany accounting & normal practices.
how to calculate depre & accounting entries etc

thanks in advance

Hello Sir

I am unable to understand "how to pass an entry for Capitalisation i.e., when you buy a Fixed Asset, we have to pass an entry for it and simultaneously we have to pass an entry for Capitalisation as well". Can you tell me the same Sir

hi
i want know whether the Event affecting Going concern concept is an adjusting event or non adjusting event.

gentleman
y is a partnership firm and exporter of packaged rice and rice powders.
they want to start a promotion shceme for distributers at abroad. the promotion schem operates in this way

1 packet of A is packed with 2 packets of B to make a single product to sell @ of 2packets of B

product A is puchased seperatly with out paying tax .

what is the accounting treatment of cost of A
whether the transaction liable to Fringe benifit tax ?
is the firm able to purchase product A with out paying tax for export.

Shall we consider the minority interest while preparing consolidated cash flow statement. If so how.

For what purpose dividend equalisation reserve is created?

What is the meaning of carrying amount?

For what purpose Development rebate reserve is created?