My ca final exam due in nov 2013
I.registerd for articleship feb 2011 I want to know there is any time limit within which gmcs should complte ? Whether its possible for do gmcs after passing ca final

Guidance on Treatment of Excess of Investment in Subsidiary in the bks of Holding Co. over Share Capital and security Premium in the books of Subsidiary in Consol books.
Some history: in Q1 FY 14, in Subsidiary books Capital Reduction Scheme, we had written off all the brands against the Security Premium and Share Capital. This causes reduction in Security Premium and Share Capital. Accordingly we are adjusting the same in P&L Appropriation. Earlier (before Capital Reduction schm), the Investment in Subsidiary was = SC+SP of Subsidiary, therefore no question of GW or CR in Consol.

Hi,

Can some one help me to find out the accounting treatment for the investment in mutual funds,

at present I'm carrying the value in balance sheet at cost method and recent statements show a significant drop in the NAV. Should i follow the IAS 39 and account these on fair value method?

thanks

hello sir, we are having manufacturing unit in SEZ, we are purchasing ine machinery from Dehli and that supplier will raise Retail unvoice or Tax invoice. we SEZ units are fully exempted of Taxes and excose duties. pls revert soon. thanks a lot.

differnce between outstanding, due and accured ?

As per accounting principles, Fixed assets be always valued at historical cost as per cost concept.Then why at the time of revaluation ,fixed asset is revalued and recorded at Realisable value(market value).and as per conservatism concept no future profit can be record but why profit on revaluation on fixed asset be recorded in books ???

Sir/ Madam,

We have invested on our company office building Rs.3.10cr as on 31.01.2014 but its not completed and not enter to office. Is there any possibility to consider depreciation? is there any exemptions for SME orations to show depreciation to avoid portion of tax ?
Please suggest us.

we purchases a machinery on credit Base how will treat this as in P&L A/C and Balance sheet.......?,
(1) would I treats as nominal A/c and by transferring to P&L A/C......?
(2) commonly in Tally we are booked these transaction in Journal Voucher so Journal Voucher booked only Expenses how can i understand this transaction please advise me .............?

Dear Sir,

We are paying hanger rent on monthly basis to the Airport Authority of India.
I just wanted to confirm whether TDS attracts u/s194-I?

Thanks.
Pinky Kadam

tell me ipcc both group book and ca final books