Q. Rs. 10,000 paid to X on 15.02.2012 and entry was passed immediately in the cash book but cheque was presented in the bank on 12.03.2012? What will be the treatment of above entry while preparing BRS?

Can anyone explain what is networth ?

Hi experts,
Can you please guide us through this? There is a Partnership Firm in existence since 1.5 yrs. Due to potential growth, partners decided to form a Private Limited Company. But, during Name Approval process, we said that it is not a conversion as partners were not ready to concede any VAT or Stamp Duty. Now, we are in process to file MOA/AOA with ROC. Now, they want all all assets and liability in new company? What will be the route for this Takeover? Stamp Duty will be paid on what? Net Assets or Immovable property? And What about MVAT?

Please guide us on this as we are nearing our submission of MOA/ AOA date and we will have to incorporate clauses which you will tell us to do.

Thank you!!

Frieght and unloading charges was paid for the purchase of cement used for the construction of building whihc is taken uner Building WIP Account in the books of accounts of college. Whether such charges also to be capitalised alongwith the cement purchases for the purpose of depreciation..??

DEAR SIR

WE HAVE RECEIVED PROFESSIONAL BILL FOR RS.39326 INCLUDING OF SERVICE TAX BILL AMOUNT 35000/ & SERVICE TAX AMOUNT 4326/-. WE HAVE DEDUCTED TDS ON AMOUNT 39326 OR 35000/.

i want to preapre brs from april to sep manually... if i start with april month whether i should consider about march uncleared payment & receipts..if it is considered that amount....how to do brs of april..give an tips..which amounts should add, which amounts should less..how to tally the book balance & bank statement balance

Whether, Interest paid on Delayed Payment of VAT should be shown under rates & Taxes or can be shown with Interest Expense under finance cost.

Give me example of TDS calculation on salary of 240000

a holding company has 2 subsidiary companies S1 & S2. S1 holds preference share of S2 which has been purchased during the year. the financial position at the end of the year is as follow
comany S1 :- Investment 115000
Comapny S2 :Preference share 100000 and securities premium rs.15000

means preference shae has been issued with premium of Rs.15000



Please explain the treatment of the following on consolidation.
and one more point whether preference dividend has to be provide for as per AS 21

A company incorporated in September 2011, but obtained business commencement certificate in may 2012. Whether the co has to prepare balance sheet for year ending 31-03-1012 & fole ROC return ? the co has not done any transaction for FY 2011-12.

is ther any difference in case of private co & public co. for above.