hi friends

can any body tell me how I can recognize revenue in real state company .I gave the following detail of company's nature transaction:-

i)co. gave advance to farmer/others. then
ii)Co. registered land from various farmer/others.
iii)receive advance/then receive Down payement & then continuously receive monthly EMI from its customer.


please suggest me how i can recognize revenue.

please anyone not refer me to read guidance note on real state developer bcoz i have already read.

Hi

Will someone please explain why should downstream and upstream sales be treated differently?

When the subsidiary sells goods to the holding company, the unrealized profit is adjusted against revenues and minority interest.

Whereas when the holding company sells goods to the subsidiary, the entire unrealized profit is adjusted against the revenues and not proportionately against minority interest.

can anyone please explain as

1. why the paid up capital of selling co. as hold by the purchasing co. is cancelled by the selling co. by transferring the same to realisation a/c in the case of amalgamation of two cos.when purchasing co. is holding shares of selling co.

2. in case of selling co holding shares in purchasing co,when we are accounting as per merger in transferee books we adjust the reserves of selling co. by the figure of (paid up capital of selling co.- purchase consideration and investment held by selling co. in purchasing co.)
but in case of purchase method while calculating goodwill/capital reserve we only take into account of the net PC (without the value of investment held by the selling co in purchasing co)

i want to have a clear concept regarding this.

deferred tax liability not provided for earlier years,

this time the def. tax liability is showing 50 lakhs, out of which 5 lakhs belongs to current year and 45 lakhs belongs to earlier years , what are the entries to be passed, urgent

What is the difference between brand & goodwill...???

If I put purchased land in stock in trade, then can I add cost of acquisition to its value ?

Whether acturial valution is neccessary for recognsization of accrued liability on leave encashment. Whether it can not be provided on estimation basis. Whether AS 15 permits the estimation method (average salary x average leave x no. of employees).

I am Working With IT company as accountant. we are in selling our software only outside india. i would like to understand about transfer pricing.

from when it is applicable?

how to calculate it as we have no purchase?

suppose we sell at a price of $100 and no additional taxes are levied or incurred from it. how to set up mark up for it?

goood morning sir/madam,

my client is engaged in civil construction work and has turnover Rs.60,00,000 as such liable to maintain accounts as per section 44AA,

but he does not maintain his acccounts ,,now from now onwards i want his accounts to be maintained in a proper way.

cash book,ledger would be maintained by him,but could your please elaborate the practical procedure how to maintain his accounts in a proper way,,for ex. vouchers to be maintained for any expenses wtih revenue stamp cross signed on that,,muster roll to be maintained for labour wages payment etc...

please guide me so than the acccounts could be maintained in a proper way..

thanks

please reply

Hi,

If I want to withdraw my PF while switching job, is there any challenge or legal restrictions. If Yes how can one overcome these challenges.