how to calculate internal rate of return a) for a particular period
b) as on date
c) over a period of years

Please explain in deatil with examples and formulas

Sir,

I have one more question on the above topic you answered yesterday.

Please refer following link :

https://www.caclubindia.com/experts/experts_message_display.asp?group_id=68631

Kindly answer that too.

Thank you.

I had asked a query here couple of days back - which AS or guidance note deals with the accounting treatment of pre-operative expenses?


I got the reply - AS9


I went through AS 9 which deals with Revenue recognition BUT could not find anything related to pre-operative expenses.



I request someone to please let me know the para number in the said AS which deals with Pre-operative expenses.


Thanks

purchased a Fixed Asset on 01/08/2008 for Rs. 50000 and entry passed in books.Later got an advise for discount for Rs. 5000 on 31/08/2008.

Pls reply that for the period 01/08/2008 to 31/08/2008 on what value the depreciation will be chrged as per companies act i.e. on Rs. 50000 or Rs. 45000?

Hello

I have query in respect of consignment accounting for one of my client.

Client (K Ltd.) manufactures material. Sales is effected through consignments.

When material is sent to consignment agent, company prepares excise invoice to record transfer. Property of material is still with K Ltd. as sale is on consignment basis.

Consignment agent while selling the material generates excise invoice on customer (T Ltd.) and one copy of it is forwarded to K Ltd.

Based on consignment agent invoice, K Ltd. prepares dummy invoice in accounting system and books it against T Ltd.

Payment for material is directly received by K Ltd. from T. Ltd.


Is this correct practice?
1. Can company raise dummy invoice on actual customer?
2. How the payment from actual customer need to be accounted?

Please narrate stadard industry practice followed for consignment accounting.

Purchase a computer on credit for rs. 1 lac on 1/4/2006 and charge full depreciation @ 40% in 2006-07. In April 2007 we got a Rs. 20000 discount. Now should we written back the depreciation in current year on Rs. 20000 which hadbeen charged in last year?

pls explain

Many subsidiary companies located in India close their books on monthly basis and report to parent company located outside India.


In this regard, please let me know how do they handle issues like, gratuity(based on actuarial valuation done by third party),auditors fees ,Foreign exchange loss on fixed assets,income tax provision etc, which are known only at the end of the year in their monthly accounts.


Thanks

I want to file a memorandum of my client under this act, who is cover under micro enterprises, can any body help what is the procedure for registration under this act, and i also need a draft copy of memorandum,

i also want to know what documents to be filed for this registration

Hi all,

I need to know the entries related to TDS. The issue is- one exp is disallowed due to non deduction of tax on the same. Now the client paid the tax on the same on the currnet year. Now how to show this in to the books

Dear Sirs/friends,

Wishing you a very Good day.


In our Private Ltd Coy, for the F/Y: 2004-05, We deducted an amount of Rs.95,546/- as TDS and we issued Form-16A to the Deductees.

The above liability paid in the foll.F/Y: 2005-06 on 25.05.2005 vide UBI Che.no: 721695.

In the mean time our office staff wrongly paid an amount of Rs.93,378/- on 31.05.2005 vide UBI che.No: 721700.

For the above Rs.93,378/- we have not issued any Form-16A to any body.

Hence, in my opinion it should be treated as an unclaimed tax, deposited paid by us.

We’re keeping that debit amount in our Balance Sheet under the ledger head “ TDS-Debit” for the past F/Y’s: 2005-06,2006-07,2007-08.

Now as a final decision we want to know why it not claimable & how it should be written-off in this f/y: 2008-09.


Kindly share your expert knowledge with us to enable us to save the above unclaimed amount.