Accounts QnA [Resolved]

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rakesh

This Query has 9 replies

15 October 2007 at 11:22

Write off of Share Application Money

XYZ Company has accepted Rs.2 Crore as share application money. The Autorised share capital is Rs.1 Crore. Now due to heavy business lossess, Rs.2 crores given as share application money were wiped out. The company has stopped doing business. My Query is Can a company write off the Share Application Money and show the same is income in P&L account? Otherwise Company has to incur a huge expense for increase of share capital and allotment of shares, for which company have not money to spent. Expert opinion is sought from the fellow members. Thanks in advance

Naresh Kedia

This Query has 1 replies

13 October 2007 at 14:24

Cash System of accounting

in cash system whether depreciation should be provided or not. If provided why?

CHANDER

This Query has 6 replies

08 October 2007 at 16:54

EPF SSN FORM

PLEASE SEND ME EPF SSN FORM IN EXCEL FORMAT.

CA. SUDHARSAN K G

This Query has 4 replies

06 October 2007 at 16:47

what is the solution for this?

CA. SUDHARSAN K G

This Query has 3 replies

06 October 2007 at 16:40

Calculating Deffered Tax

Guest

This Query has 2 replies

06 October 2007 at 16:39

Profit and Loss Suspense A/C

Respected Sir/Madam

I want to know what is 'Profit and Loss Suspense A/C' and is there any differance between Profit & Loss Suspense A/C' and 'Profit and Loss Adjustment A/C' which is prepared in partership to ascertain profit during the year?

Manoj

This Query has 1 replies

04 October 2007 at 11:34

FBT due on prepaid expenses or not ?

If we pay Rs. 1 Lac for insurance of car, and we book Rs. 50K as expenses pertaining to current financial year & balance amount of Rs.50K we book as prepaid.

In above case, what will be FBT liability i.e. on Rs. 1 Lac or Rs. 50K, which we have booked as expense.

Manoj

This Query has 1 replies

04 October 2007 at 11:31

FBT - Interest calculation on delayed or part payment

1) If we pay FBT on 30th Aug insteads of 15July, what will be calculations for interest.

2) If we pay FBT on time but pay in part, like payable is Rs.50,000 but we pay only Rs. 40,000/-), in this case interest will be calculated on what basis for balance payment of whole payment ?

ottobushings

This Query has 2 replies

03 October 2007 at 12:33

new setup in same name as UNIT - II

we want to querry that , we are having one partnership unit and we want to setup a Unit-II in same name and same partnership structure.

Will these two units be assesed as one unit in income tax and all depriciation ,Fringe benefit Tax and exemptions will be calculated for combined entity .

HIMANSHU TIWARI

This Query has 2 replies

01 October 2007 at 10:23

treatment of reserve and earning in PIM method .(AS-14)

is this right in poolin interest method in amalgamation that transferor have transfer reserve & surplus in his book to share holders as it is ultimately transfer to transfaree company and amalgamated in his books how could it be ?