The company has formed a SPV for the specific project. The listed company has purchased a 51% stake in this company, so that it became the subsidiary of the listed company. Listed company has performed a contract for the subsidiary company an recorded it as is income. And the subsidiary company has recorded it as its expenses, and the whole amount is capitalised in the books of subsidiary.
So that at the time of consolidation inter company transaction should be eliminated while compilation of Financial Statement. mgt content the inter co. transaction shold not be eliminated, while all cost has been capitalised. whether contention of the managment is right or wrong????

What should be the " Nature of Assets " for the following Assets for charging depreciation.

1) Mobile Phones
2) Refridgerator
3) Fans
4) Stabilisers
5) Air Conditioners

can we account two invoices for single DC(delivery challan)

Dear Sir,
while i was attending an interview they ask me which accounting standard you are useing in your company.i have little knowledge about GAAP,IAS,IFRS. how can i find out this (presently m working in abroad)

Valuation of goodwill.

my query is-

why dividend paid/distributed is added to terminal/closing capital employed to calculate average capital employed. there was a particular sum where closing CE is calculated first and then 100% dividend paid is added and 1/2 of current year profits is deducted to calculate average CE.
please also help me by providing notes of valuation chapter as i have lots of confusion wrt. capital employed and future maintainable profits.
thank you..

At the time of preparation of Fund Flow Statement. Will the Provision for taxation and Proposed Dividend should be shown in Changes in Working Capital or in Source of Application of fund.

Kindly Clarify the same, also is there any explanation available for showing them in an specific head?

dear experts,
goodmorning

my question is :-

1. should be passed Contra entry for withdraw by self cheque ?

2. May someone give self cheque to someone self cheque for Payment?

Company had organised health check up for all employees so that will come under which head?

Payment done to pathology will be under creditors but i will book the bill also. SO what to name under expense

what is revers tax

what is the TDS