deferred tax liablity to be calculated on clg wdv of assets of last year and deducted from profits if DTL is created for first time .


my question is so how to calculate DTL from second year . on clg bal of wdv of assets or on depritiation amount creating timing difference .?????????????????

awaiting for best reply kindly keep query open till solved .

If 1 partner Mr.X retires from Firm having 3 partners. Total capital of Mr.X in firm is 10 lacks, but on retirement Firm pays him Rs. 11 lacks.Whether Rs. 1 lack can be treated as Goodwill as per Accounting Standard and shown under fixed asset in Balance Sheet ( as this is Goodwill for which firm has paid ) or will be considerd as Internally generated goodwill

A proprietor's capital a/c must be a credit balance.It was so in one of our client's case.But, after claiming additional depreciation the capital balance becomes a debit balance.Now,what are the ways of making it a credit balance except for introducing cash and reducing exp. other than deprecition?

can 1 property be mortgaged with more than 1 banks ?
Can colletarel security be mortgaged with other bank if it was already mortgaged with one of the banks ?

can 1 property be mortgaged with more than 1 banks ?
Can colletarel security be mortgaged with other bank if it was already mortgaged with one of the banks ?

can 1 property be mortgaged with more than 1 banks ?
Can colletarel security be mortgaged with other bank if it was already mortgaged with one of the banks ?

POR to be classified as what in on redemption of prefrence shares

in what case such amount could be used ???

POR to be classified as what in on redemption of prefrence shares

in what case such amount could be used ???

what is the tratment of insurance on a new car purchased during the year?

whether the same is to be capitalised or treated as revenue exp.

if to be capitalised then plase state reason?

gaurav jain

How are the entries passed while buying an option and selling the same. Whether only the option premium has to be taken as the sale value or the option strike rice plus the premium.
Also what differece will it make when the option is bought and sold on the same dat i.e. intraday.
further if the option is excercised, what entries need to be passed.
All above transactions only involve buying and not writing the options.