A FIRM HAS INSTALLED ITS MACHINERY IN THE MONTH OF FEBRUARY 2012, AND STARTED MANUFACTURING ONLY IN THE MONTH OF MAY 2012.

I WOULD LIKE TO KNOW, WHETHER THEY COULD EXEMPT THEMSELVES FROM CHARGING DEPRECIATION FOR THE FINANCIAL YEAR 2011-12, AS IT WOULD LEAD TO INITIAL LOSSES.

DO SUGGEST WITH VALUABLE OPINION

ass year 2011-12
sir
i have a home in surat on paper value amount of 596000/- on date (1.4.10)
i sold my home (on date 15.1.2011) to another party by payment amount of 1411000/-
how can i book profit in my personal account and should i have to pay capital gain. yes or no ????
because of i have purchase another home on date (9.9.10)in same year and same city on paper value 328160/- incl of stamp duty and registration fees.
please tell me account entry of such transaction
i am confused please help me !!!!!!

Can Preliminary / Preoperative expenses shown in Balance Sheet of a company termed as Fictitious Assets?

Which balance sheet have to be prepare
( horizontal or vertical ) in nov 2012 exam.
i read that vertical is only for companies,
what is for others.
can any body pls help me regarding this matter

Hi Experts,

we bought an asset for the year of 2010/4.
at that time there was Fright expencess to the Machine forgot to maintain.

in this year2012/8 now we find Fright has not maintained to the particular asset..

so, please suggest how do we maintain this Expencess and what will be the entries to pass,what are the affective accounts?


Please help me in this scenario
thanks
sadasiva

My client being a Patnership Firm engaged in Construction Activities as Builder/Developer.Now during the year 2011-12 His total Works Completion is near about 35% of the total Project Cost Say Rs.3 crores.Moreover Member's Contribution's towards such Construction received till 2011-12 near About Rs.1.50 crores.

Now query is how to account for Income & expenses in books of Account so far revised guidelines for Contractor's is concerned i.e. % of Completion Method.

What shall be the basis for accounting the same in Books.

Please reply soonest with Accounting Entry to account for the same in Books.

Dear sir

A company made sales to a customer and the payment is due on 25th of march but the customer informed his inability to pay on 25th and informed the company that he will pay on 5th of april and he has given a promisary note also.Is any provision required in this case as it is year end.

Thanks&Regards

Harish

SIR,

I B.NAGENDRA VARA PRASAD RESIGNED MY COMPANY IN MAY 2012 up to may pf deducted.
AND MY HR PROCESSED PF TO PF OFFICE UP TO FEB-2012. HE SAID MARCH, APRIL, MAY IS NOT COME AS PER THE PF POLICIES. SO I LOSS MY 3 MONTHS PF AMOUNT.
MY PF AMOUNT CLEARED BY PF OFFICE UP TO FEB 2012. HOW TO GET THAT AMOUNT. PLEASE GIVE ADVISE THIS ISSUE. IS THERE ANY CHANCE

CAN ANYONE GIVE THE FULL JOURNAL ENTRY OF IMPORT PURCHASE FROM OUTISIDE OF INDIA.
INCLUSIVE OF IMPORT DUTY OR ENTER THE IMPORT DUTY BILL SEPARATELY BECAUSE WE MAKE PAYMENT TO CLEARING AGENT WHO PAYS THE IMPORT DUTY.

A unlisted company prepares consolidated financial statement for some financial years for the purpose of listing, but unfortunately it could not get listed. Now whether it is mandatory for that unlisted company to prepare consolidated financial statements in future also?