Dear sir,

How to account associate company in the preparation of consolidated financial statements?
what is equity method of accounting?

Suppose, When an item like Ups batteries or any asset purchased by a company where the seller delivers such items to the place of buyer. Seller raised invoice mentioning the selling cost of items purchased and transportation charges. In such a case, what is the accounting treatment in the books of buyer regarding transportation charges whether it can be added to cost of item purchased or it has to be debited to freight charges - others account? Whether Tds need to be deducted on such transportation charges under 194C?

Sir, I would like to know, what are the criterias is required to fullfill for bank loans, which is verified by bankers, apart from required documents, like any ratios and calculation etc., please advice me

Hello All,

This is Sandesh Savane, I want to know about the accounting practice of our business which is totally based on marketing and promoting of Japan and Germany Products. Our company reimbursed all the expenses like Travelling, Hotel Stay, Entertainment, Office Expenses etc which are incurred for the the marketing and promoting of the Products with 15% mark up.

My question is regarding reimbusment of expenses from Japan and Germany, so please do let me know whether we need to reimburse the net amount (less TDS) or gross amount (Inclusive of TDS and GST) or Amount which is less TDS and less GST.

Your prompt reply is awaited.

--
Many Thanks,
Sandesh Savane
7738095177

Dear sir,

we have a joint venture in SriLanka (40%)so we are required to prepare consolidated financial statements in 15-16 F.Y .I have following doubts in preparation of financial statements please clarify these.

a)whether it is required to restate depreciation,gratuity and deferred tax based on rate and policy of parent company
b)is it mandatory to follow proportionate consolidation method?

Dear Sir,

A "X" Pvt Ltd company depositing fund to a website " www.contentmart.com" for making payment to a freelancer, who is writing article for the X ltd. co. Contentmart will charge commission to the X ltd Co. for using the website to get the freelancers and making payment them through it's websites.

So, what will be the accounting entry in the books of X ltd and whether the Gst, Tds apply here , if yes then how ????

Please give response as early as possible .

Thanks

This preliminary exp should be charged to p&l but if p&l not available only capital reserve is available than what will be treatment?

Sir,The person who knows some accounting knowlege can write accounts in small businesses.He is neither a chartered accountant nor graduate student.

Dear Experts,

The scenario:
We have private limited company which has been incorporated in September 2016, but there is no sale of service or goods in the FY 2016-17, but it paid the rent for its register office and Audit fee provision for the year has been charged in P&L.

My Question:
whether those expense can be charged in P&L while there is no revenue generation in the year?

Hi,

Q. 1 what is main between difference in house and building.



Q2. we depreciation on building 10% and house 0% .why?, i request to all of you, please support me in it.

Your's best regards,

Mohd Nasruddin