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What are the treatment of Discount given, Loss in Transit of goods, Expired goods written off, Debit balance of parties written off in cash flow statement ?
are all those non cash items or not?
Give reply as soon as. Thanks in advance
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What is a accounting tratment of exps like share capital issue exps, court fee, transer fee etc. when any existing co. incurred for purchasing new co.?
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Please let me know how to calculate depreciation under new act 2013. if useful life is overs then how to find WDV AS ON 31.03.2016 ---PLEASE GUIDE
EXAMPLE
FURNITURE & FIXTURES
DATE OF PURCHASE
21.02.2004 AMT: 6580.00 DEPRECIATION RATE FROM BEGINING @18.10% AND USEFULL LIFE 10 YEARS
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Can a chartered accountant issue Net Worth Certificate if Net Worth is Negative ??
if yes can anyone please give me the format of the same ???
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The Trust has sold a fixed asset at a value less than book value (loss). The point is that now can we claim that loss (debit to p & l A/c ).
If so, Section 11 of IT Act 1961 permits to do so.
Please guide me with this.
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When I saw the account statement upto 29 feb. The closing balance upto 29 feb does not matches with the opening balance of 1st March. I am using Tally 7.2. Thanks in advance.
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suppose a company had a pending litigation as at the reporting date 31/3/2016 and it was probable that the settlement would lead to an outflow of resources, so a provision had been made based on reliable estimate for Rs. 50k. The financial statements were approved on 15/5/2015, on which date the estimate for settlement was revised to Rs.55k, then on 30/5/2015 the claim was finally settled for Rs 57k. so what should be the amount of provision to be recognized as at the reporting date i.e. 31/3/2015.
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Altd has entered into agreement with Mr. B tht B will make sales on behalf of Altd. A ltd sell product to B at Rs. 100 and then such goods are sold by B at Rs. 105... would A ltd recongnise such Rs. 5 as its revenue in its books of accounts ? Explain with the help of AS 9.
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From where to do IFRS course online or offline for CA based out of Bangalore.
i have 3 years of post qualification exp in Business development and my new role is of revenue assurance in IT cos . so i want to do IFRS course. please advice
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Is there any need to provide provision for interim audit alo g with statutory and tax adit fee ??
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Cash flow