Respected Sir/Madam,
Thanks for your kindly help in past problem.
I am start part time accountancy in Private Limited Company.
The Company This year Deal In Share market F & O type transaction so I am So confused that how can i entered all this type of transaction in Books of account in Company ASSESSES.

What is the effect as on 31.03.2012 last date when actually transaction made but settlement not made in this month.

Is there ANY AS applicable for this and any company Law Bound?? Please help me in this problem

Thanks

ANKIT GOR

Hi please can any one tell me that
NWC = Current Assets - Current Liability

and NWC = Net Worth + Term Liabilities - Intangible Assets - Non Current Assets

whereas if this both dnt match than what this implies means whether it is utilisation of Short term cash for the purpose of the NWC or short finance of the NWC

what the treatment of imported fixed asset which held with the intention of being used for the purpose of producing or providing goods or services and is not held for sale in the normal course of business.
1.My question is whether the foreign fluctuation booked in under profit and loss account or added in the cost of the fixed asset?
2.which date is taken to book the foreign fluctuation whether the bill date or bill of lading or bill of entry date?

Know i am working in a company. I am Graduate in commerce stream. I know tally and Ms-office! My salary is 7000 per month. Now I want to earn 15000 per month. What i do know. can you teach me or advices me what i do? My family condition not so well. Tell what is the eligibility for earn 15000-20000 per month? Tell me the syllabus and and how i complete it?

Respected experts, please guide me in the following its really urgent:

The case is as under;

Say there is a registered trust having 80G certificate, now this trust want to purchase assets but as there is many problems in after words selling that property, so decided to create company for buying assets but the problem is that fund given by donor is to trust for buying property now how trust can enter in this transaction of buying property.

So, main point is as under

fund given by donor is to trust for buying property.

Now that property purchase agreement is done by company with builder.

now my question is i want to rotate fund from trust to company for buying that property.

so guide me whether this is possible and if yes then how and if not than suggest me in the matter.

complete accounting entries. etc please any further details required than please let me know


Thanks.

Hi,
Can any one send me Excel format of P&L, B/s. revised Schedule VI.

My client handles many civil projects which contains phase wise payments from the customers/contractee as below :

10% advance against submission of Engineering drawings

70% against completion of phase 1

Balance 20% on completion of phase II and erection and commissioning.

My query is when the client receives an advance against submission of engineering drawings, can the client not raise a sales invoice for 10% of the project value, as it has rendered a professional service by preparing and sumbitting engineering drawings.

If I don't invoice, the advance receipt is shown in the balance sheet under current liability, whereas this is not due since I have rendered a service to that extent.

What is the difference in exceptional & extra ordinary items in the context of revised schedule VI

wat r the heads of tangible n intangible assets as per schedule vi of co act n their respective depreciation rates..pls suggest

If a party includes services tax on membership fees, is tds applicable for that exp or not....