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Rama Krishna
This Query has 1 replies

This Query has 1 replies

09 February 2017 at 06:13

Substance over form

Any one plz explain the exact meaning and example of substance over form


vamshi krishna
This Query has 3 replies

This Query has 3 replies

07 February 2017 at 13:42

Pre operating expenses

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


saurav
This Query has 3 replies

This Query has 3 replies

07 February 2017 at 12:36

Credit card opening balance

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



Ritu Alwani
This Query has 1 replies

This Query has 1 replies

06 February 2017 at 18:12

Last year's mistake

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??



Anonymous
This Query has 2 replies

This Query has 2 replies

04 February 2017 at 10:30

Whether excise duty is part of turnover?

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.


CMA CS C. B.Prabhumirashi
This Query has 2 replies

This Query has 2 replies

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?




Anonymous
This Query has 5 replies

This Query has 5 replies

01 February 2017 at 10:52

Data entry

anyone have accounting software in which we can do data entry directly from bill image ?



Anonymous
This Query has 3 replies

This Query has 3 replies

01 February 2017 at 10:49

Data entry

Can I do data entry in tally directly from bill image/pdf copy


Manoj Prasad
This Query has 1 replies

This Query has 1 replies

31 January 2017 at 14:36

Profit & loss a/c

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


manisha
This Query has 2 replies

This Query has 2 replies

30 January 2017 at 16:56

Capitalisation of plant and machinery

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






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