Anonymous
This Query has 3 replies

This Query has 3 replies

17 December 2014 at 21:06

Forex loss

Whether forex loss in case of purchase(inventory) be capitalised?


hemant
This Query has 3 replies

This Query has 3 replies

17 December 2014 at 18:05

Revenue or capital expense

My query is,trust wants to create gau rakshan (Place where cows are kept) (it includes construction of compound wall and other facilities for cows ),for funding this project trust issues lottery and collects Rs 11 Lakhs from sell of lottery tickets and distributes prizes to the lottery winners of Rs 5 Lakhs. so i want to ask whether this income and expenditure on behalf of lottery tickets for construction is to be treated as revenue expense or capital expenses..


naresh rawat
This Query has 1 replies

This Query has 1 replies

17 December 2014 at 16:57

Accounting treatment

We have started a business of waste paper collection from door to door house/shops/factories in that we use to purchase from the market @Rs.10-12/kg. we want to book purchases in our books against the purchase invoice issued to the respective sellers for value as well as weight in the system but it is observed that when we finally count/ weight of the material purchased there becomes difference of weight in the inventory balance with us in the month end, Due to moisture/ weather fluctuation/ pilferage carrying the stock to the godown.
please advise how to treat shortage/excess stock in the books of account.how to take effect of the same in the balance sheet.


CA Surbhi Singhal
This Query has 3 replies

This Query has 3 replies

17 December 2014 at 16:08

Level ii enterprises

Pls tell what is the criteria for identification of non -corporate level II enterprises currently for applicability of Accouting Standards ? (especially turnover limit)


Sanchita Paul
This Query has 2 replies

This Query has 2 replies

17 December 2014 at 14:43

Cash flow statement

Sir let me know that what is the Indian & international accounting aspects regarding Cash flow statement.


Addagatla krantti kumaar
This Query has 2 replies

This Query has 2 replies

17 December 2014 at 14:05

Difference

what is the difference between presentation and disclosure


Jyoti Jha
This Query has 2 replies

This Query has 2 replies

17 December 2014 at 12:53

Works contract

Dear All,
Please clarify my doubt on works contract.
I wanted to know that whether the cost of printing charge of envelopes by a medicine company is a works contract or not.Moreover the name & address of the co.is printed on the envelopes.

Thanks.



Anonymous
This Query has 3 replies

This Query has 3 replies

can administrative charges paid on purchase of land from land developer after 8 years from purchase of land be capitalised? or expense out?



Anonymous
This Query has 7 replies

This Query has 7 replies

17 December 2014 at 12:25

Mercantile system of accounting

Sir, I want to know if a bill has been raised on 31st march 2013, F.Y. 12-13 but received on 5th dec 2013. what would be the treatment of that bill? whether it is to be included in the above financial year or not?


rishabh
This Query has 3 replies

This Query has 3 replies

17 December 2014 at 12:00

Confusion

what should I do after my CPT ATC or IPCC






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