In Case of export sales Realization for the Purpose of booking of Export sales weather to consider FOB or CIF value?

For Example:-
CIF value 500 US$
Freight/ Insurance 50 US$
FOB Value 450 US$

Weather to book 500 US$ or 450$ as Export Sales Realization as per Indian Accounting Standard??
Kindly also Suggest its Respective Accounting Standard.

Pls adv if we can make payment to Director, in cash of Rs 2 lacs, against loan received during previous years from Director in cheque. If yes, can I make one single voucher of Rs 2 lacs, or how much amount can be entered in cash in a single voucher.

Also, can we make payment of Salary in cash monthly to Director?

Thnx and regards
Gurvinder Singh

I am a working in Kirloskar group co and want to do ICWA. whether it is possible to do the same after working hours. also want info about coaching class in evening and sunday also.

I have made an investment of Rs. 236,945/- on 06-Mar-04 in Jeevan bhima Nivesh and
this has been entered in Tally at that time as investment.
The policy has since matured and how do I go about in accounting the same in Tally.
For now I had posted it as "Receipt" and the entries are as under

Jeevan Bhima Nivesh = 236,945
Cash = Rs. 472,712
Jeevan Bhima Nivesh-Bonus/Interest accrued = 235,767/-
(I created this heading under income/ indirect)
Please let me know the correct heading this has to created in)

and in the drawings:
Drawings: Rs. 472,712
cash = Rs. 472,712/-
since I had completely withdrawn this.

now it reports this Rs. 235,767/- as profit from indirect income.

How do I correct/fix this...As you know the it is completely tax free.

I have similar investments like KVP which too has matured this year...

hello sir, i am in CA final and 3rd year of articleship and my articleship will be completed in 11th august 2014. i am transfer my articleship at bombay because of transfer of my family.. please provide me the name of chartered accountant firms in bombay. thanking you in advance

should I do cs with ca I m in bcom 2 nd year .will there be any restrictions

dear sir, i m student of ipcc-I. i m weak in learning sections.. plz help me

stock n debtors method and hire purchase trading account has been excluded from chapter hire purchase....is there any chase that it may b asked in nov 14 exams????????

I HAVE FILED MY TDS RETURN FOR Q4 FY-2013-14 .IN WHICH PARTY ISSUED PAN NUMBER BUT BY MISTAKE IN REMARK I HAVE SHOWN "C"(HIGHER DEDUCTION). WHILE MAKING CORRECTION IN CONSO FILE IT IS NOT CHANGING. PLEASE GUIDE ME IN THIS HOW CAN I CHANGE FLAG 'C'

which is more scientific method - SLM or WDV ?

Why SLM is not very commonly used even though it is allowed by Companies Act ?