what is the difference between accounting conventions and accounting concepts?

hey what is the accounting treatment for forfeiture of retention money of fixed assets? whether the same should be reduced from cost of asset or should be treated as income in the year of forfeiture? no specific mention of this in as-10 also.

Sir I have written my ipcc may and I could not clear . and now I have completed my degree . and I am in cpt route right now . now I heard there is a new notification on 22/7 that cpt to direct entry conversion there is no need to wait for 9 months and can write coming November. plsss help me and what is the exact procedure bcz I have to apply for examination befo this month 25th . icai is not giving proper response plss help me

A Person holds an Immovable Property since a long.Book value of such property is Rs.3 lakhs. market value of such property is Rs. 30 lakhs. stamp paper is also made on the basis of market value, i.e. 122700(4.09% of 30 lakhs).
Now that person wants to transfer such property by way of gift to his son.
advise me on which price i.e. market value or book value i should record such property in the books of his son.

pls tell what is online finalization of accounts ?

what is duty free shop in excise

If X sells goods to Y for 10000 on credit and PAYS Rs. 1000 as carriage to Z (transporter) on behalf of Y.


then what entry will be passed in X and Y books?

Regards

What will be the accounting entries for gift of immovable property by a mom to her daughter (relative as per AS 18) kindly mention entries in the books of both donor and donee. And also amount at which recorded ie market price or historic price. Thanks in advance.

explain about catastrophe reserve,why it is created?

i need the depreciation rate as per the co., act and income tax act - FY 2015 -16