A Ltd is into wholesale business. It has branches in Bangalore and Mumbai. Majority of its sales are in Mumbai. It imports goods in Mumbai @ rate of Rs.500 each. It sells the same in Bangalore. The cost of transport from Mumbai to Bangalore is Rs.2 per article. The net realisable value is Rs.520 per article. Should the inventory lying in Bangalore be valued at Rs.500 or Rs.502?

what is the meaning of Transitional Provision in every AS?

DEAR EXPERTS

There are two company. Company A and Company B. Company A holds 99.99 % of the shares of Company B. During the F.Y. 2015-16 ( A.Y. 2016-17) the net-worth of company B is eroded ( i.e. gets negative) . Now I want to prepare consolidated Balance sheet and profit and loss account, kindly advise me how to show the loss of Company B while preparing Consolidated Balance Sheet Company A & B. what will be the accounting treatment and how to show it as per SH-III of Companies Act, 2013 ?

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

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

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

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??

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.

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?

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