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Any one plz explain the exact meaning and example of substance over form
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Dear sir
before setting up a plant we have taken a go down on rent basis
for 6 months it is before commencing the business.
actually as per IFRS what is the treatment
can i amortise the expenditure for years
or treat as p&L expenses
pls help me
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sir my credit card statement is opening balance - payment cr + purchase charges = total due , opening bal 3174 payment cr 2770 purchase 5522.46 charge 280 total due 6018 please help me in creation credit card ledger
can i take opening balance in tally for creating credit card ledger
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An advance payment given to an employee on 31st march was treated as an expenses. Now in the current financial year that person is repaying the that advance. How to treat that advance??
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Dear Expert,
Please advise if excise duty is part of turnover? Say a bill is of Rs. 100/- and excise duty is 20/- and vat is 5/-. Whether turnover is 100, 105 or 125?
How to present in balance sheet. They say, it has to be shown separately, viz, gross less excise duty = net sales.
Won't it downgrade the turnover?
Please help.
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Two private limited companies are amalgamating under the new provisions of Companies Act, 2013.
The details of my query are as under.
1. Whether Statutory Auditor can carry out valuation of Shares of these both companies? ( Statutory Auditor is common for both these companies which please note). [As per my personal opinion, Statutory Auditor cannot carry out such valuation which another service other than Statutory Audit for both these companies).
2. Whether there are any formats of such Valuation Report that may have been prescribed by ICAI?
I know other formalities about the amalgamation under Companies Act, 2013.
So can anybody guide me over the valuation of shares as stated above?
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anyone have accounting software in which we can do data entry directly from bill image ?
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Can I do data entry in tally directly from bill image/pdf copy
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If some one gives me a Profit & Loss a/c of a Manufacturing Co. How can I identify that the Profit or Loss showing in the P&L A/c is accurate, is there any method o formula sothat we can more or less verify that the Profit or Loss shown in P&L A/c is accurate...
Thanks & Regards
Manoj Prasad
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Dear Sir/Madam,
I m working in manufacturing company. We have constructed warehouse adjacent to our factory.
We have also purchases cranes for the warehouse. We have not yet capitalised warehouse building due to non receipt of construction completion certificate.
I wanted to know, can we capitalise Cranes, which we fitted in the warehouse ? We are using the cranes for machine movements.
Please advice about the capitalisation, can we capitalise plant & machinery in the books of accounts without capitalising Building ?
Best regards,
Manisha
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Substance over form