The company has to buy back its shares at the market value or the value which is taken by the company from the shareholder ??

Pls give me the journal for the foll:
my company purchased 10 computers worth Rs 20000 each and got a tab free as a gift.
what will be the entry?
will the answer differ if a) the tab is issued to the ceo of the company for his office use(refundable)? b) if the tab is withdrawn by the director for his personal use? c) if the tab is used for office purpose?

Dear Sir,

I want to know the accounting treatment of change in exchange rate on letter of undertaking (letter of credit) standing in the books of account of the pvt. ltd. co. as on 31st march, 2012.



Thanks.

Dear sir,

in tally software we transferred vat input and output to vat payable account each month and at the end of march we get Total vat payable and we will shown on balance sheet at ht provision side is it correct or not

please replay your answer dear respected experts

Regards
Ramesha.m

I would like to know whether the Accounting Standards are applicable if an entity (other than a company) follows cash basis of accounting

hon sir,
i am working in a pvt company, where we want to implement the purchase procedure. relating to that, we want to prepare the material requirement note. there were various departments in our comp which demand several materials, stationery etc, kindly help me for document procedure. if you provide me the proforma of material req note that will help me better.
thank you

The bill date is 19/03/2012 for the internet charges and the period for which the bill was received is from 01/05/2012 to 31/07/2012.whether such expenses to be recorded in Internet expenses account or should get debited under prior period expenses account.?

I would like to know that should we deduct P. Tax on the actual salary paid or the gross monthly salary payable.

For example, if Mr. A is entitled to a monthly salary of Rs. 10000, but due to leave adjustment his salary is reduced to 9000. Then, what will be the amount of P. Tax to be deducted? Will it be Rs. 110 or Rs. 90? (As per West Bengal P.Tax slab)

Dear Experts,
A person is heading a particular department (say Finance department) and contributing his time equally for 6 different manufacturing units of a group companies. All the 6 units are separate profit centres and the top management wants to share the person's Salary/remuneration equally among all the units. (when there is no separate corporate office and all the units are maintaining separate books of accounts but the Partners or Directors are common or having stake in one another).

How this would be possible by fulfilling the following departments' statutory requirements.
1. ESIC
2. EPF
3. Income Tax
4. Professional Tax
regards
G. Sreenivasan

can u just tell me where the audit fees payable be mentioned as per revised schedule 6