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Whether proposed dividend once declared be withdrawn ?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

Proposed dividend is declared after end of finalcial year but is still accounted in same year WHY is that so please mention AS with reason.

can proposed divd/interim divd. declared once be withdrawn ???

Dear Experts
i want to be a expert into balance sheet plz suggest me book over this topics book should be with lots of example.

Thanks & Regards
Ravinder Rawat

I am a pe II student. completed my group II. now i am preparing for group I for nov'08 exams. I am preparing self. Please tell me, how to clarify my doubts in practical part of partnership accounts.

A Company already doing business has increased its authorised Capital.
The Expenses incurred for the same has been taken as prelimenary expenses. Is the treatment right?