What is best accounting practice on treatment of exchange loss or gain which is arises on import or export transaction.

Can we adjust the loss or gain through purchase or sale account?

We are importing Raw Material based on prevailing Rate agreed with supplier,after importing the material while we make payment to supplier, the exchange loss or gain arises.Can we adjust the loss or gain on foreign exchange through purchase A/c which arises on that transaction.

Please advise me the best practice regarding the issue.

We are importing Raw Material based on prevailing Rate agreed with supplier,after importing the material while we make payment to supplier, the exchange loss or gain arises.Can we adjust the loss or gain on foreign exchange through purchase A/c which arises on that transaction.

Please advise me the best practice regarding the issue.

We are paying below expenses kindly let me know correct ledger head:-
1. Purchases of Revenue Stamp
2. Purchases of Stamp paper for agreement and affidavit purpose
3. Fees paid to Notery public for attestation of documents
4. Repair of Office A.C.

what we mean by CUm dividend and Ex dividend share

what is a/cing if such ?

what is a/cing when dividend received and not erceived during Financial year

what would be accounting for issue of warrants

under wht head will DR and CR entry will classify ???????

As relate to PVt LTD Co Stat Audit, I find in Accounts, TDS receivables Accounts from 2004.05 onwards and the company has not even collected Form 16A Forms and not set of with Tax payable or refundable.
Now for 2007 08 stat audit we want to clean of these accounts, How do I close these TDS receivable accounts which the client did not set off in prev years and not even having Form 16A supportings and the company also do not collect now and is interested to close the accounts.

Will there be any tax implications.

Please advice me by sending mail to maheshkulkarni29@gmail.com and thanks in advance.

Dear Sir,
Please tell me the accounting entries for the
shares purchased and sold by me using online trading facility viz:
1. Purchase of shares with delivery
2. sale of shares with delivery
3. intra day trading (i.e. margin trading)

please illustrate with suitable entries.

please let me know whether share price or only margin should be accounted in case of intra day trading

Thanks
regards
benedict

as co. can write off the goodwill arising
in amalgamation over certain period if co.
wants so. similarly capital reserve may get
created while incorporating the assets of two co.s if co. do not want to continue
with such reserve how it can be adjusted or write off?

Dear Sir,

I want to know about farm accounting.

If there is 20 cows .
new born cows 10
out of 10 born cows 2 are died then how should i account that?

regd,
Anand