Sir
A company is having brought forward losses and unabsorbed depreciation. Due to the uncertainty of future profits company has decided not to make provision of deferred tax assets arising on timing difference due to difference between depreciation as per Income Tax and Companies Act.
Company also having opening balances of deferred tax assets. How would treat this opening balances. Whether to write off as prior period item or to show as it is in the balance sheet. Please reply it is very urgent.

A DEALER HAS PAID OUTPUT VAT TAX ON SALES . THE SALES ARE CREDIT BASIS. AFTER ONE OF DEBTOR BECAME INSOLVENT .THEN WHAT IS THE THE PORTION OF VAT PAID ON OUTPUT
HELP SENIORS

What are the important ratios banks will look into the analysis of balance sheet and P & L while sanctioning the Term loan/working capital loan? What is the minimum acceptable level in each ratio?

A & B.are partners sharing P&L in the ratio 7/12 & 5/12.on 1Apr.2009 they take C as partner giving him 1/6 share. A&B agreed futher to share the C future profit in the ratio of 13/12 and 7/24 resp.C in addition to his capital ,brings Rs.96000 as his Goodwill for 1/6 share The Goodwill is amount to be shared bet.A&B.

What will be the sharing ratio of A & B

Hi

Our Company is Publishing Books

In August 2011 we started one Project for That we collected Advances from Advertisers and shown it as Advances from Customers.

now we spent Editorial Design & Salaries in the last FY 2011-12 nearly 18 Lacks. the book is Finished in August 2012, the Sale of Books is Recognized in FY 2012-13

for Last FY 2011-12 whether we need to Show WIP Please Let me Know ASAP

Hi I have one doubt. If a person started business with goods of Rs.50000, in which voucher I have to enter this and what will be the journal entry? Please give me the answer

Sir I tried this but I created stock in trade ledger and I am not getting that in the journal voucher, it is finding in the list of ledger.

In one Balancesheet there are some pre-operative expenses and preliminary expenses carried forward from last years. And the company is a real estate company and no project is yet started . Pl. advise me what should i do in Balancesheet. In current year only commission income is there. Pl advise.

Regards

CA Vishal Dhamija

A Pvt. Ltd. Co. purchased a partnership firm paying Rs.10 Lacs. On the date of Purchase the Partnership firm is having an assets of Rs.198868.56 & a liability of Rs.12000.

Now i want to know what should be the accounting treatment of Goodwill in the books of Pvt. Ltd. Co.

Please help me..

after incorporation of a director of private limited company has made cash expenses for an amount of 3.5 lacks. it has 1 lack of share capital in bank .


please tell what is the accounting treatment weather to those cash expences as director loan or ignore them

Dear Sir,

In case of pvt.Ltd which have loss from business operation where the loss in balance sheet will be put as there is no reserve of the company.

Kindly suggest me the same.