Sub: how to treat government grant received for depreciable asset

A machinery capitalized @ 1,20,000/- on 1 Jan 2012. and im following SLM method @ 16.70%....
In sep 2013 i have recd. grant of 50,000/- now how i have to treat in my books. what is the effect in my p&l a/c.

Please reply
Thanks

I was preparing final statements of a firm and found out that cash in hand is negative in tally. What is to be done? Because of which my balance sheet is not getting tallied. And my liabilities side is short by the amount that is negative. can negative Cash in hand be shown on liabilities side ?

Dear Sir,

In one of the Companies,it was noticed that provision has been created for the non-arrival of the invoice copy of the vendor, though the asset has been physically arrived in the premises. In case this provision has been provided soon after the ending of the half year, whether this provision is subject to depreciation???

Whether this treatment is correct or the arrived asset has to be accounted as CWIP and reversed when the invoice comesin??

Please reply as soon as possible.
Thank you in advance

What should be the date of Purchase?
1. Date of Invoice.
2. Date of Receipt of goods.
3. Others

Kindly explain giving references to your solution.

Thanks

should firewall expense be capitalised or not?

Dear Experts,

Kindly help me solve this query.

While auditing my client's books, I found that they had debited the professional charges on a later date than bill date so as to extend due date for payment of tds. However the date of payment was correct. Is this treatment acceptable?

To be exact,

Date of bill - 26/4/2013
date of payment - 30/4/2013
Date of entry - 1/5/2013

Entry made is as follows:

30/4
Party 5056
To bank 5056

1/5
Prof charges 5618
To TDS payable 562
To Party 5056

Please also explain that in this case, was tds payable upto 7/5 or 7/6 because the payment date was 30/4.

if I am having pending allot miney as on date 31 march.wiil new act wil b appkicable on that money..means whether I have to allot shares for it in 60 days..if suppose 60 days have elapsed as required under neq ca 2013 and I have nt alloted shares dan what wil happen..if I allot it nw as if there is no form available to aubmit to roc..plz helo sir what is the way to solve it as I dnt want such money to be mwntioned in my balance sheet of this year

manufacturing firm sold goods to the whole seller on 28/03/2013 as follows

s.debtors A/c Dr. 110
To sales 100
To Excise Duty 5
To Vat payable 5
vat & excise duty paid on 5/04/2013
Q. 1 at the Balance Sheet date the amount of duty liabilities shall stand at the Current liabilities or what?

Q-2 in case of firm providing taxable services and acquired service from the taxable provider
the tax credit of service tax shall be eligible or not?

Can you please provide an idea for revalutation of land.Can we use the municipility rate to revalue the land if it fall within the municipility area.Please provide the solution along with Journal entry and the treatment.

I need excel chart for calculation of monthly interest on cash credit account.Pls provide me. I have the same but not tallying with bank amount. i doubt there is some mistake in my calculation.Pls provide me.