CA CS Rahul
This Query has 1 replies

This Query has 1 replies

19 February 2013 at 17:31

As -13 accounting for investments

Is upward revaluation of Investments is possible / allowed by any means for an Unlisted company for its investments in the shares of any other listed company ?

for e.g.

if XYZ Pvt. Ltd. has purchsed 100 shares of Reliance @ 100Rs/share, then can it show its investments @ Rs. 850 (assuming Rs. 850 is the current market value of a Reliance share)in its Balance Sheet.


Sachin Jain
This Query has 9 replies

This Query has 9 replies

19 February 2013 at 15:52

Basic question

TOTAL OF TRAIL BALANCE AND BALANCE SHEET SHOULD BE EQUAL OR NOT...



Anonymous
This Query has 3 replies

This Query has 3 replies

19 February 2013 at 14:37

Query

Mr. A sold goods worth Rs. 15000/- to Mr. B, now at the time of payment Mr. A suggested to Mr. B that he should pay to him Rs. 13000/- only and the rest Rs. 2000/- paid to transporter of such goods.
My query is that adjustment made as above is permissible in book of accounts as per incometax or tax audit ? or whether sale is to be considered to the extent of 13000/- ?
Please do needful help.



Anonymous
This Query has 3 replies

This Query has 3 replies

19 February 2013 at 13:43

Purchase a new car &sold old car

Isold my old car (worth rs 120000.00 in books)in rs.20000.00 and also purchase a new car worth rs. 400000.00 , HOW MUCH depriciation CLAM on both car`s.
please help me .


Athar
This Query has 1 replies

This Query has 1 replies

19 February 2013 at 12:06

Expenditure on amc for accounting software

Amount INR 117000.00/-

to be Expensed out or Shown as intangible asset under India AS & International AS

Kindly suggest asap


Neha Chawla
This Query has 2 replies

This Query has 2 replies

19 February 2013 at 11:33

Pre-operative expenses

What should be the treatment of Trial-Run Expenses (consisting of all revenue expenses). Will these be capitalised by apportionemet in Fixed Costs??


mayank kothari
This Query has 3 replies

This Query has 3 replies

19 February 2013 at 11:15

Insurance

Suppose private ltd co. has taken insurance policy of 10 years against damage caused to plant and machinery by fire and paying premium annually.....so what is the tratment of policy in financial statements on the date of policy taken and subsequent premiums paid.

Is it to be capitalised and if yes then how?

plz answer as per revised schedule VI



Anonymous
This Query has 3 replies

This Query has 3 replies

18 February 2013 at 20:09

Ipcc-advanced accounting

how to prepare accounting standards
refer best notes


Ashwin Prajapati
This Query has 1 replies

This Query has 1 replies

18 February 2013 at 17:56

Interest rate on professional tax

What is Interest Rate (on Late Payment) on Professional tax.



Anonymous
This Query has 2 replies

This Query has 2 replies

18 February 2013 at 17:10

Foreign direct investment (fdi)

Hello,

I was wanting some help regarding Foreign Direct Investment in a company involved in retail trade.

Will it possible to explain how would the Financial Statements of a company be affected (and what changes will take place) in case it receives Foreign Direct Investment?






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