can any one suggest me the best complete book for accounting standards(professional edition and not a student)?

can anybody suggest me how to make a sound accounting for a 'Event Management Company'

we deals in :-
Event Income
Event Expenses
Sponsership Incomes
Payment to Vendors
Indirect expenses of the company

mainly I have a problem in the treatment of :-
Event Income
Event Expenses
Sponsership Incomes

1. "Profit margin and turn over ratios vary from one industry to another" what industry characteristic account for these variations? Give some contrasting examples to illustrate the answer.

2. Paymenton on a long term note payable affects working capital, whereas payment on a short term note payable does not why?

In US subsidiary of Indian parent co.
proposed dividend in US subsidiary
how the treatment of dividend in Indian consolidation

Can anybody help me out for the treatment of IDC (interest during construction) & IEDC (Incidental expenditure during construction) how these to be alloacted & when, on year to year basis or after the completion of projrcts.

CA Krishna Prasad

I have purchased a watchdog for the safety of my property. So, what should be the accounting treatment? Should it be treated as Fixed Asset or Live Stock or deffered revenue expenditure? Please give the reason too. Also, the treatment of charging it to Profit & Loss A/c. Please reply as early as possible on sabir_bavani786@yahoo.co.in
Thank You.

Dear all
Journal entry for discount received is

Party(Creditors) A/c Dr.

To Discount Received A/c

Creditors account is a personal A/c, Personal A/c's principle says
"Debit the receiver, Credit the giver"
Now My question is Why we are debiting the parties A/c?(as per the principle why we are not crediting the same)

Regards
Ravikumar r c
Email:ravikumarrc@gmail.com

What are the items of cost for which Activity based costing would be useful?

i have been trying lot to find the correct way of accountin futures & options entry .. still didnt find the standard accounting entry ..

So pls request you people to hep me in this regard.

Even i want what entry to be passed in tally for ipo allotment ...

Can anyone please let me know the following about hedging of receivables ?

1) Hedging process:
( including practical aspects like forms / challans involved, declarations ,if any, to be given ,who and how the rate of exchange rate at future date determined etc.)

2) Costs involved (the basis on which such costs are calculated)

3) Accounting entries involved.

4)Disclosures,if any, to be made.

Thanks .

Anil.