Hi All,

I need a clarification regarding US-GAAP. There are 32 standards set by ICAI in India and so far 15 IFRS has been framed.
Likewise what is the base for US-GAAP. How many standards are there in US set by FASB or the governing authority in US.

Help would be much appreciated if any links could be provided for the same.
Thank you.

Dear All, We are planning to start a partnership firm in surat gujrat india and our main business is to sale textile products (readymade garment purchase and then sale + manufacture and then sale)through our website and we receive order and payment through our website and after it we delivered the goods to buyer which can be located in india or outside india. Please suggest us what are the legal formalties and registration required to sale our product like PAN,TAN,VAT etc.... And my second question is whether we should take IEC(IMPORTER EXPORTER CODE)bacause we sale goods outside of india also if order received. Can we apply for SSI also. PLEASE GUIDE US.... THANKS IN ADVANCE

can holding co give interest free loan to its
subsidiaries or associates or JV????

what is preliminary expenses and how we posted in aseets side?

When we made someone's personal B/S and he has taken home loan and paying regular EMI from his account then what will be the adjustment of EMI payment in B/s.

principal amount deduct from Loan o/s at liability side and interest included in EMI considered as drawing. Right or wrong?????????

Can we show Opening Stock in trading accont in order to reduce profit margin while ever first starting accouting/book keeping for small buisiness???

what is accumulated depreciation ?? when we apply it ??

please answer me. what is book keeping? why should we prepare that?

Accounting treatment for FD , interest on it , And interest accrued( in previous year).

What is the relationship between 2 companies called if one is holding 100% prefrence shares of another.