Plz guys, suggest me a good book for Accounting Standards which gives complete knowledge & in easy language(not copy,paste from ICAI modules)& serves CA Final Exams Purpose??

Dear Expert,

Please provide me CMA report format for obtaining loan from bank for proprietorship business.

Please do the needful.
I have to submit the report to bank at the earliest.

Dear Experts,

Please suggest the Correct Accounting Head to be Charged agst. Monthly Payment of INR 3.50 Lacs paid towards Lease rent for an accomodation provided to a Director in a company.

Thanks!

DEFINITION FOR 8 % PROFIT AS PER IT ACT

HOW CAN I CALCULATE NET

PROFIT

CLARIFICATION (SALARY TO PARTNERS & INTT TO PARTNERS )

An Asset For Which Loan Has Taken, And The Asset Completed Within 3 months. Does It Will Be Capitalized Or Charged To Profit & Loss A/c?

in our factory we are planing to replace roof at a cost of Rs 2 Crs. pl. clarify can we capitalise it or it has to charge off in P&L

Hi Seniors,

Can a Company's Retained Earnings be withdrawn by the promotors when 2 or more new partners are joining the Company?

What will be the treatment and what all entries we need to pass? Please guide us in this regard.

thanks,
sainath

Hello CAclubindia, Is is right to deffer the expenditure & allocate it throughout the year in equal proportion. for eg: donation made of rs.80000 in the month of august 2012 so here the acctng entry passed was like this 1) Donation A/c --------dr 80000 to Cash/bank A/c 80000 2) P/L A/c ----------------dr 8000 prepaid Exp a/c ----dr 72000 to Donation A/c 80000 ( Donation exp of Rs.8000 booked for the month of aug 2012 & remaining deffered for remaining months) Is this the right way of accounting. best regards navin

Read more at: https://www.caclubindia.com/forum/accounting-of-expenses-251087.asp

Sir/madam,

A secured car loan of Rs 20 lac was obtained on 31.12.2012 on which interest payable was Rs. 296800. The installments were payable in 36 monthly installments of Rs 63800 each. My query is how the entries will be made in the books and how the loan and interest shall be presented in financial statements as per revised schedule vi for the year ended 31.3.2013?

Thanks in advance

Dear sir,

A company pay separate Electricity for every two months for a common area usages like lift, and lighting.

How can I account this? and what is the expenses head I want to account?