Dear Sir

Some of our assets are not temporarily in use due to spare capacity pursuant to decline in market demand. However, this phenomenon is temporary and accordingly use of these assets may vary from month to month - one month they are not used and in another month they are used. Is it possible not to charge depreciation on these assets in the months / period during which these are not used for production.

Hi,

I want to know where prelimibnery exp should be shown under new format of B/s


Thanks & Regards
Binita Behl

Whether Bad Debt Recovered is operating income or non operating Income??

IN REVISESD SHEDULE vi Shareholders having share capital exceding 5.00% are required to be shown in share capital note.
But in annal report of Realince has shown only LIC having 7.39% holding but not reported for ambani (refer pg no 119 note to the B/s no 1). Why?

For office use we taken one building premises for lease for 30 years and the full amount of lease paid as advance.
to write off those amount for every financial year up to 30 years to the lease hold expenses.

1. to treat nature of expenditure the amount as capital or revenue ?

2. to write of the advance, if it is revenue the balance amount is shown as every year up to 30 years as advance ?
3. what is procedure to be followed.if capital depreciation is considerable

in revised schedule VI, where we show equity share issue other than cash.......... for eg
we issue the share to the vendor.

One of my client has mortgaged his property located in Gujarat Industrial Development Corporation and GIDC has charged 1% as administrative charges. Under which head the above expense should be shown?

dear sir,

i am working with manufecturing unit. my query is that there are two supplier doing job work for us. in their bill one is charging both service tax and cst on total amount. when we ask for seggregation, they said they can't given the same. as per rule both could be charge the same amount. and other is not charging any tax, what is the reason?

please help me

how is the closing stock valued?
in the case of direct selling items such as laptops,televisions,etc....it is not much difficult to calculate,but what about the items such as wood,plywoods or a firm dealing in glass?

thanking you in advance!!!!

What is an imprest system?