Sir kindly guide me regarding the treatment of residual value of a plant when the plant is being dismantled during F.Y 14-15.

Question: A private company has 2 partners with equal shares. Assets acquisition value is 10 lacs, while book value is 3 lacs. one of the partners want to buy these assets at book value I.e. 3 lacs. what would be the accounting entry for the sale of assets. Also what is the entry if they decide to adjust it again retained earnings. thanks. Anjum.

hello sir, this is vikash from jharkhand dhanbad, i am starting a business vegetables & fruits delivery service. so please give me some suitable knowledge about bulk purchasing of vegetables and fruits from my local farmers and sale to my local customers. when customers ask for his retail invoice then what am i do? what types of tax liability makes in this (purchasing and sealing) process. please brief me... regards

Respected sir, i m IPCC student , can u help me regarding which amendmends and in which subjects are applicable for nov 2015 exams , i have July 2014 edition books of ICAI.

On March 31, as per the closing rate the following entry is passed since there is a gain.

Creditors a/c Dr
Exch diff a/c Cr

On 1st of April, the above entry has been reversed.
Effect: While making payments, exch diff is calculated between liability booking amount & payment amt but not b/w Mar 31st restated amount & payment amount.

Is it allowed as per AS 11?

I appeared for Ca final May 2015.. In FR paper i hardly attempted of 50 marks.. Because of lengthy paper i lost all my senses and was gone blank.. And rest of papers i quit by not opening book and tried for Law exemption... and also because to leave and lack of time i didn't prepared for second group.. i want to know how prepare for November exams.. because now my article ship will also continue till August... Please Help me

A hospital is running under Partnership. It has hired doctors and other staff and offers wards, treatment, medicine and other facilities.

I want to ask whether to book all its earning into Direct Income or under Sales Revenue. And is there any difference in both the heads "Direct Income" and "Sales"?

How would it affect on Tax point of view?

Thanks in advance.

Regards

Sir after completing bcom with ongoing ca can i join cs with the remaining duration of ca?

I have purchase the land rs 10 lacks but government valuation rs 29 lacks. So I therefore request you kindly solve the problem which figure tax calculation applicable.

Sir i want to do ca,cs and bcom simultaneously. could i do it amd how?