Hi

We Have received payments for services provided outside India in Euros let say on 10Dec when exchange rate was 84.10. Have Transffered the same from Nostro to EFC account let say on 12 Dec when Euro rate was 85 Rs. After that converted euros in INR on 15 Dec. when exchange rate was 85.70. Can some one guid me how to record receipts in books and at what rate. & also the conversion entry.

As per the budget there is rebate of rs 2k if the income slab is 2 lacs to 5 lacs. can some body clarify the same. deb

How Sanction limit is calculated?
How to calculate the Drawing Power?

Can advances paid for the purchase of Raw material be consider as stock and added to stock?

i have purchased machine 01.05.2012 put to use on 01.12.2013 what will depreciation on machine in FY.2013-14.

sir, in direct entry scheme articleship of 9 months is there ? so, shall i register for IPCC & articleship of 9 months together or first i have to complete articleship ? please give me a direction ...

what is the prospects if BPO jobs for CA professional? can they have sustained growth for average/ above average person?

what are the ways to graduate to do ca course ? What is the direct entry scheme ?

Hi..
what is the treatment to be provided in the books of accounts if contingent liability(if not probable) becomes a real liability and when contigent asset turns into a real asset during a financial year??
Thanks..!

When should the INTEREST SUBSIDY received from state government recognized in the books of accounts? whether on accrual or receipt basis?

good afternoon
pl'z guide me
a company purchase property in 2009 rs.72 Lac & sold out 2013 at rs.1 crore & we deduct depriciation every year 10%. how can i give entry in accounts of sale of building