As per IAS 16, when incurring costs towards safety equipment at the stage of initial purchase, the said equipment is eligible to be capitalized. Extrapolating the same situation to an asset already in the books, and an investment made in improving safety standards of the asset due to a safety regulatory requirement, whether to be capitalized or treated as revenue in nature?

For the purpose of consolidation of a holding co. (say A Ltd.) with an associate Co. (Say B Ltd.) , whether Standalone financial statements of B Ltd. should be taken or CFS of B Ltd. ; where B Ltd. has susidiaries (Say C Ltd. & D Ltd.).Please give reasons for your answers.

Dear Sir,

I want to do IFRS Course. Please help me with the link and advice from where to do ?

Searched on google, can't find ICAI link..

Thanks

Regards

Hello to all,
I am working as an account assistant in a private limited company, our company purchased a car worth Rs. 9,73,000 in exchange of old car at 365000 and a bank loan for the rest. after 2 months company apply for its registration and paid RS. 55000 for its registration and Rs. 5000 for its vip number. please suggest me for what journal entries should be posted in tally.
Waiting for your response. and also suggest me whether registration charges are capilatized or not?

Hello sir/madam

at the time of Proprietorship Account up to which limit can i show cash on hand?

is there any problem if cash on hand up to Rs. 50000

Basically my question is on Print setting in tally. When FD matures we pass entry I;e.
" Bank A/C Dr xxxx
TDS Receivable Dr xxxx
To Interest on FD xxxx
To FD A/C xxxx "

But problem is when we print this receipt voucher it shows 'Less" symbol and deduct TDS Receivable from gross amount which is not acceptable format in our company. Hence, I need to know how to omit 'Less " symbol in receipt voucher and only show the net value.

hello guys need guidance for rfa if x was employee in abc Ltd. .. abc Ltd provides a rent free accommodation facility ..... his salary is 75000 pm and such house is taken on lease by abcltd... how we can do account for that..... WETHER LEASE RENTAL IS CHARGED TO EMPLOYEE ? OR LEASE RENTAL IS CHARGED AS EXPENSES FOR ABC LTD ...

What is the treatment of normal loss?

Dear Experts.,

All of you Good Evening...

Please clarify my question for the Knowledge improvement...

How to Define or Choose the Expenses for "Direct or Indirect"...?
Which based it is considered expenses...?
Any Laws or Guideline to these choose...

Thanks & Regards

P.M.RAJA

Respected Sirs/Madam,


Greetings for the day.

I am working in an Software Organization as an Accountant in Chennai, need guidance + immediate clarification on booking of our "Employees Monthly Salary Journal Entries in our Tally".

Previously that is Up to F.Y. 2015-16 'i' was booking like:-

1) Dr. Salary A/c:- Domain = 'Resource Pool' Cr. Statutory Deductions + finally Cr. Salary-Employee Name. This is for all "Technical Staffs". If they are working under any Particular Project the "Domain" will booked with "Concern Project Name."

2) Dr. I Salary A/c:- Primary Cost Category = 'HR' Cr. Statutory Deductions + Finally Cr. Salary-Employee Name & for Accounts:- same Entry but "Primary Cost Category" = 'Finance'. This is for "Support, Non-Technical Staffs".

Now from this F.Y. 2016-17 onwards 'i' Planned to change like below:-

3) Dr. Salary A/c:- Indirect Exps. = 'Admin Exp.' Cr. Statutory Deductions + finally Cr. Salary-Employee Name. This is for all "Technical Staffs".

4) And for "Non-Technical + Support staffs" will be followed the same as mentioned in Pt. No.2

Hence Can anyone please advice, inform whether "My way of Entry booking is Correct (or) not" ? if not "What is the Correct way of booking + Entry to be passed with Exact Cost Category & Cost Centre (or) What actually to be followed" please let me know.

Kindly treat it as Urgent, awaiting for your Response.



Thanks & Regards
Sugadeesh.S