How to show the following in the books of a company which had paid advance for purchase of Flats for its employees.

Advance given to a Developer for Purchase of flat.

Delivery after three years.
Advance, plus milestone payment involved.
The buyer has entered into an agreement.
We can not take the asset as the same is not complete.
There is a liability to pay the contract value.
Notes under capital contract not executed ??


Is it need any disclosure as required by AS-1

respected sir/mam,
i wud like to know about the calculation part and the base of ageing of debtor.

regards

in a internal reconstruction what is the meaning of continngent liabilities . & why we write off goodwill as it is not a fictious assets , it is a intangible assets .in a reconstruction account there is any credit side balance . if this situation is satisfied so where we t/f the balance capital reserve or any other account

My question is as follows :-

We have appointed one Advocate for a court case, we are paying him fee and expeses for travelling and postage etc . He is giving us expenses bills and we are reimbursemening him . I want to know that reimbursement of expenses under which head should be booked.

Whether PF is mandatory for all employees.

If the organisation is having employees 40.

lets assume 20 employees getting less than 6500/-(basic+Da) this employees will come under obligation to deduct PF.
And remaining employees getting More than 6500/-(basic+Da)this people will come under optional.
my doubt is is it mandatory for the company to deduct PF irrespective of the salary the employee is getting to the extent of Rs 6500/-
OR the company can make deduction for the employees who is geeting less than 6500/- and leave the other employees.
whether it is allowable under the Act

we are displaying the glow sign board at outdoor of the store/office. we are paying the advertisement tax to the MCH.

when we are booking the invoice related to glow sign board, does it comes under advertisement cost or fixed assets - fixture and furniture cost.

Please clarify my doubt.

Regards
Ashok

sir pls explain & formalities the tcs(Tax collected sournce)

Sir/Madam
How we will come to know that when P&L appropriation A/c is to be prepared?

hi friends
pls send ur views on
accounting treatment in case of demerger on capital reserve

Sir,

I have purchased the Batery for Rs.8000, so it is required to book the purchase in the expenditure head or fixed assets head.
Please clarify sir.

Thanks sir.