deferred tx to be calculated on clg.wdv on FA when introducing dta/dtl for first time, in first year

from second time do we need to calculate it on WDV of FA amt. or Expense items creating timing difference ???

please reply soon with full explanation

i want to know the FULL answer with AS3 THERE ARE CASH FLOW GENERATED BY SUN LTD AND SURYA LTD BELONGING TO SAME INDUSTRY FOR F.Y 05-06
sun ltd surya ltd
Opening Bal. 27000 10000
cash flow form
operative activeites 7500 30000
cash flow from invest-
ing activites 30000 3000

cash flow form fina-
ancing activites 30000 2000

closing bal. 94500 45000
sun ltd claim that its cash generating ablility is better than that of surya ltd do you agree. comment on cash generating ability of both co.pls send the answer in my id jagdish.sharma22505@gmail.com

what is meant by deffered tax asset & deffered tax liability

what would be the accounting treatment of bonus shares alloted to sharesholder company

company has earned carbon credit during the year.please guide me regarding accounting tratment of same?

Dear Friend,

I have receently being told by one of my senior fellow chartered Accountant that a latest expert advisiory commitee has directed that misc. expenditure are to be covered by the AS-26 and should be written off 100% in the year when such expenditure takes place. which was earlier used to amortised over a period of 5-10 years depending upon managements decision.

I would like to know some thing about such a direction. you people can help me in that

Thank You

respected members,

one of the client imported raw material who is fall in both DEPB as well as EPCG guarantee.

In one of the case, the BOE comes with Zero liability & nothing is paid by client. However, in BOE written BCD Rs. 1098243.50 & CVD Rs. 4305109.30 which written in DEEC column.

The client debited BCD in raw materials, however no actual liability is incurred.

Please provide proper accounting treatment of the above az soon as possible.

Regards,

Prabhakar

How is Minority interest is calculated in subsequent years if we had already applied AS 21 in earlier years

I mean can i apply this logic

Share cap of minority INT in Sub Co. xx
ADD:--Appropriation of Profit
in previous year xxx
ADD:--Share on profit
from Curent yr. xxx
in SUB Co. xx
Amount to be transferred to B/S xx

Whether proposed dividend once declared be withdrawn ? Is it also possible for interim dividend ?

proposed dividend is declared after preparation of final account and after year end . Then why and how is that accounted in current year ?
Please specify AS with it .

Dear Ones,

we are infrastructer Co. and Purcahse Material at the Site for which we have to make payment in cash which are always above 49000/-.

Now tell me that should we payment in cash for the cash bill above 49000/- if No then what are the ADJUSTMENT ENTRIES for the transactions. and what are the solutions if paid in cash in past year.

Thaks