we acquired plant & Machinery in 1995-96 for Rs.23,58,908, which we are still using currently in our business. The WDV of which as on 31.03.2014 is Rs 1,29,988.
According to Schedule II the life of Asset is 15 yrs. which is expired. It is given in the amendment dated 29.08.2014 by MCA that Residual Value may be recognized in profit and loss account or not.As my useful life of asset is complete, how do I account depreciation Now??

I want a reference book on IND AS for office use for applying AS in practical life.
Is there any book in the market which has information point wise or in Question answer form.
Not want to buy a book containing so much of long texts.

Please help!!!!

What is the Difference Between the CST & ET ?

Dear Expert,

Is it mandatory to pass provision entry for salary for each month or no need to pass in the books of account. Is it good to pass entry in the month of payment means next month only. Plz support your answer with AS or notification something.

Thanks in advance

Dear Expert,

Is it mandatory to pass provision entry for salary for each month or no need to pass in the books of account. Is it good to pass entry in the month of payment means next month only. Plz support your answer with AS or notification something.

Thanks in advance

when online agency book a customer for our company, they directly deduct relevant amt and remaining paid to the company...my question is, since they are showing disc recd in their books, can company also can shown in their books disc and not commission

pls clarify if foreign exchange losses for a importer availing buyers credit limit is operating expense or non operating expense. clarify with supporting pls.

if i deduct pf from employee wages and balance
amount to pay is rs 8500 then i am eligible to
deduct professional tax rs 80 ?
Messag

a party (debtor) balance has stand in my books of accounts since no. of years but that party now closed their firm and still balance stood in my books. now i want to remove that balance from my books . pls suggest me how it is possible and what will be the correct Accounting treatment.

Kind Attn : Dear Sir

Pls adv in which head should the following expense be debited:
Fee for form ADT-3, 20B, 23AC, 23ACA, ADT-1, MGT-14.

Also, what's the cost of Digital Signature, it's validity and the expense should be debited to which a/c.

Thanks and regards
Gurvinder Singh