Sir please tell me
what is the journal entry for receiving of Fixed Deposit with interest.

Will there be any exchange gain/loss in import purchase if I have paid the amount in advance?

eg. Suppose I have paid 100$ at Rs.60 in advance, and at the time of invoice the exchange rate is Rs 65 per $. Now at what exchange rate should I book my invoice?
Whether @ Rs 60, resulting in no loss/gain as the amount is already paid, or at Rs 65 resulting in exchange loss, as my liability incurred at Rs 65/ dollar rate.

Kindly suggest the proper treatment as per AS-11.

Dear Sir,

Can anyone help me on what will be the accounting treatment of Dividend on right shares and Dividend on Bonus shares.

when asset is treated as qualifying? in some questions advance to supplier for machine is treated as qualifying n in some it is not! whts the concept!???

dear sir , i am working in automobile work shop . we are purchasing paint material with excise invoice. can we take input credit for100% on that. pld clarify as early as possible.

what is mean by trading on equity? ????

just want to know the procedure or diffent kinds of taxes deducted from contractors bills and departmental work bills please i want to clear doubts help thank you

DEAR SIR, my query is following -credit sale made to a debtor.being payment due from long time period ,a provision was created. later on recovered from debtor. what will be accounting enries in all such cases. what will be entry of provision reversal. will it be adjusted against our co.'s income.
thanks in advance.

A company engaged in the manufacturing and exporting of jewellery and have purchased immovable property i.e. shops in the mall. The same has been on rental basis and the rent income is shown under the head fixed assets and the depreciation is being claimed on the same .

please advise us the above practise is correct or whether this should have been shown under the head of investment.

Pls help
A party purchased a land of rs. 50lacs from a seller, the sales person had already borrowed from GIDC . At her request, purchaser had paid a D.D. of Rs. 30lacs directly to GIDC(Gujarat Industrial Development corporation)& remaining amount to him.

what is the journal entry for above transaction ..