i have doubts in my mind regarding the interpretations of AS-22...firstly...when accounting income is more than taxable income..we create a DTL...why we call it a liability and why we create it due to a timing difference...secondly regarding passing of entry in books of accounts(P/L Dr. To DTL)..why we affect our P/L a/c in the year in which timing difference arises...and why we reverse DtL in subsequent periods....(means how the overall process of creation and reversal is helping in bringing out the true and fair view of B/S and P/L a/c)...please explain me the concept by giving an example....i will be very grateful....send me reply on rishabh_mishra35@yahoo.com

hi.I am going to appear in Nov 2008 PCC exams. pl provide me with the rates applicable for provisioning of NPA in bank accounts relevant for my exams. thanks in advance

what is the meaning oF FACTORING?

what is the meaning of RISK RETUTN TRADE OFF ?

what is the meaning of COST OF PRODUCTION?

what is the meaning of COST OF GOODS SOLD?

what is the meaning of deffered period?

what is the last date for professional tax in Maharashtra?

Hi Dear All,

Ours is an Electronics(Micro Processor Based Trainers,etc) Manufacturing company which got registered with Karnataka Sales Tax Department as well as Central Excise Department. We supply to the customer an Instruction Manual/User' Guide(we call it as User' Manual) along with our products to enable them work with our Product. Our question is whether we can claim VAT Input credit(like raw materials) on the User' Manuals which we got it printed from one of our regular printers who charges us KVAT @4%. If so can you please give the corresponding notification number also.

Thanking you in advance.

Regards,

Venkat

Which AS or guidance note deals with the accounting treatment of pre-operative expenses?

Thanks.