Dear Professional Friends,

A Company has paid a amount of Rs. 10,00,000/- for acquring a LEASEHOLD LAND for a period of 60 years and which are to be amortise equally in the books of account during 60 years period.

Can you please suggest me what will be the accounting entry. can it be treated as fixed assets in the Fixed Assets schedule.

Plz reply.

Thanx & Regards,

CA Arvind Singh

What is the disclosure requirement as per Schedule VI of Interest waived by bank on account of One time settlement. Although the interest was provided in books it was not claimed as interest in Income tax. Is the amount taxable?

Dear experts please tell me in detail whats is CAr policy.
why we use car policy in business.

hi....,

i want to convert accounts prepared as per indian gaap into us gaap.plz tell me the steps.

thanks in advance

HI DEARS!I NEED A STANDARIZED FORMATE FOR PROPOSAL FORMATION.THE FORMATE SHOULD BE BASED ON ENGINEERING CUM CONSTRUCTION BUSINESS.THAT INVOLVES PROPER BIDDIND SYSTEM.I NEED IT URGENTLY.

my question is
if i have purchased a land and agreements shows that i have purchased the land with the intention of its sale in the future or use for the personal purpose in the future .
then weather i can treat the land as my stock.because my intention was not to hold land as investment.
if yes then can i capitalise the interest cost beared for this investment.

plz suggest me books which help me in preparing an accounting manual for a company engaged in providing computer training.

What will be the treatment of Capital Reserve and security premium shown in the balance sheet of subsidiary.when the investment is made and CFS are made in the same year or in the next year.

Please give your opinion on the following issue.
A partnership business with completed balance sheet for the year end 31-03-2007 was converted as a pvt. ltd. co from 01-04-2007. All the assets and liabilities were taken over by the Pvt Ltd and March 2008 is the first Balance sheet for Pvt Ltd Co. For depreciation Calculation can we treated WDV of Assets in Partnership firm as Opening Balance in Pvt Ltd Co.

Regards
Sshanmugha

Can we capitalise pre-operating exp like purchase of food items for pizza outlet -purchased for a trial basis. it includes items like cheese ,butter, sauce ,cutlery& Crockery vegetables etc.,
the amount is very high (approx: 50lakhs)

this is foe opening new pizza outlets.