A CLOSELY HELD LIMITED COMPANY (LEVEL III -SMC) HOLDS 80% OF EQUITY OF A PVT LTD CO.
PLEASE CONFIRM:
AS-21, CONSOLIDATED FINANCIAL STATEMENTS WILL APPLY OR NOT ?

Hi,
I was analyzing FS of Tata Motors and was unable to figure out the treatment of inventory in the income statement.

When i saw B/S there was increase in inventory 696.84 and the same reflected in the cash flow statement

The inventory figure in the income statement was given as [Changes in inventory of FG,WIP and pdt for sale (623.84)]

Question
1.what does the negative number in income indicate
2.Does this have any relation to the number mentioned in B/S

Please Explain

Thanks in advance

What is the treatment of Deferred Tax Asset in coming years following its creation and what is the difference on income if deferred tax is not created on Business Loss and Unabsorbed depreciation?

Dear sir,

whether books of account are prescribed u/s 44AA, if yes list of books so prescribed."No" please anybody answer to me ours is a partnership firm and we are maintained computer system accounting and in our audit report in that statement mention "No"

why audit report not mention list of books of accounts if it is require or not

Please tell me

Regards
RAMESHA.M

Dear sir,


1)Cash basis
2)Accrual basis accounting


Please anybody explain with example
Regards
RAMESHA.M

Can anybody help me in getting details for PAN card AJVPB1917D . Is this pan card holder having home loan from bank or any other loan? Please help!

Under which head the Preincorporation expenses should be disclosed under revised
Sch VI

In case of admission of a partner, when the question mentions 'goodwill of the firm was values at (say) Rs 15000' what are the entries to be passed and what is the logic behind the entries so passed?

Dear Experts

Our Co. supplies printers etc. We also provide AMCs for these equipments.

Should I book the revenue, partly in current year and partly in future periods following the matching concept.

Is there any specific Accounting Standard/Guidance Note for this....

Experts views are solicited

Plz provide me format of revise schedule 6 n difference between the old and new one