I have FD Value @ 78531.01 on 23.08.2016, same has been renewed on 08.09.2017 (381 days)
Now maturity value on 08.09.2017 is 84861.01 so how to account it in tally (Means what is accrued interest and what is received )
and next maturity is 24.9.2018 and value will be 90537.01 then what entry we have to do on 31.03.2018.

dear experts kindly guide me that if some one deposited 15 lacs cash in a single day in bajaj life insurance for new policy that what will happen for corporation and he has deposited in a block of 200000 and adjusted in one policy of 5lacs and whole amt 15lacs in 3 policies what will be done by corporation for avoid penalty

while fitting the opening balances what and all should consider only balancesheet of balancesheet and profit and loss account should consider

what is the treatment of loss on sale of office equipment. The block of asset still exists.whether liable for capital gain/loss

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any solution for this

[1] According to the latest MCA amendment w.e.f. 30 March 2016 by MCA in AS 4, proposed dividend is not to be recognised as liability in the books of account; but is to be shown only by way of a note to the accounts since the statutory obligation for dividends arises only after approval by the shareholders.
[2] ICAI suggested answers [CA Inter May 2017 Q. 1(d)] also confirm this treatment.
[3] Most of the published Financial Reports of listed companies for year ending 31 March 2017 have also shown proposed dividend only by way of note and not as an appropriation / current liability.
[4] However, in all the Illustrations in the latest study material (July 2017) for CA Inter Paper 1 Accounting Module 23 Chapter 4 - Financial Statements of Companies-; and CA Final Financial Reporting RTP for Nov 2017 Q 1, proposed dividend is shown in the body of the balance sheet (by deduction as appropriation from Reserves and surplus; and as current liability) and not in the notes.

Which treatment is to be followed?

Sir, our company has paid rs 29000 tax in the previous fy 2015-16 under the provision of Mat. The full amount Is eligible for transfer to mat credit entitlement account as there was no tax under the normal provisions of IT. So the journal entry passed was mat credit entitle ment ac dr 29000 to profit and loss account. My query is what is the journal entry for mat paid? Journal entry for the tax paid rs 29000 in the month of September 2016.

in preparing cash flow statement though indirect method information given receipt of govt grant 12 lakhs depreciation provided 20000 lakhs net increase in working capital 56081 lakhs excluding changes in cash and cash equivalents they do not provide information regarding amortization of such grant now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs now we deduct 7 lakhs from net profit in order to arrive at operating profit what adjustment to be made to working capital changes considering this new adjustment made by me we have to deduct such 7 lakhs from net increase in working capital 1500 lakhs and we have to deduct working capital increase of 56074 lakhs from operating profit we found to arrive cash flows from operating activities i want to know the reason?
reference of above question ca ipcc old scheme accounting module 1 financial statements of companies chapter cash flow statements star oils limited problem page no. 2.74

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