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.

Hello,

one public limited company wants to provide depreciation by different methods
on different assets.

Auditor also allows the same.

I have got doubt from the same.

AS-6 says that combination of methods
may be used for depreciation.

So, it can be interpreted in two senses
viz...
1) that different methods for different
assets say for example, SLM for plant
and WDV for vehicle.etc...
2) that a combination of two methods may
be used say for example a new method
may be adopted such as it would be decided
to depreciate the asset on some other
method or by combining the effect of
different depreciaion methods.

plz suggest, how to interprete the lines
of AS-6 as given above.

If there is a amalgmation or merger, And liquidating co alreadily have G/w as per AS-26 (Deliberate G/w), further liquidating co also have Capital reserve then
1.can v adjest this G/w and capital reserve against one another?
2. G/w rised thou amalagamation as per AS-14,now there are two G/w in the new amalgmated co.(one as per AS-26 & another as per AS-14), out of both which G/w can be adjest against capital reserve?

We have purchase a capital (wiz. computer, furniture etc.) in consessional rate.

Please advice what amount to be considered for calculating Depreciation (either co. act or IT Act)

for Example if we purchased a 2nd hand Car (WDV Rs. 250000/-) in Rs. 100000/-.
What will be the amount consider for Dep. As if we consider the WDV value and rest in Discount account it may caulse to increase profit.


Please Advise.

Thanks

Rajesh