CLASSIFICATION OF ASSETS

STANDARD
FOR NPA PROVISION
FOR SUB STANDARD PROVISION THE STANDARD LOAN SHOULD BE OVERDUE FOR SIX MONTHS AND REMAIN 18 MONTHS

EXAMPLE:
(CONDITION : FROM SEPTMEBER 2010 ONWARDS NO EMI RECIVED)
IF THE LOAN BECOMES NPA IN SEPT 2010 AND IN MARCH 2011(BECAUSE AS PER NORMS 6 MONTHS OVERDUE) CLASSIFIED AS SUB STANDARD AND IN MARCH 2012 WHETHER ITS COMES UNDER SUB STANDARD OR DOUBTFUL(BECAUSE IT IS 6 + 12 MONTHS) = 18 MONTHS

WHETHER ITS SUB STANDARD OR DOUBTFUL IN 2012
ANSWER ITS URGENT

Sir,
A compound wall constructed by a company in its own land and shown seperately in the books as compound wall and capitalized the same.
Can i direct them to add the expenses incured for the construction of compound wall to the cost of land?

Hi

We have imported certain electronic goods for sale in India. We have paid Custom Duty, Import Duty, Freight & Other charges towards Import of Goods.

We are a Partnership Firm.

Is it necessary to Capitalise the Import Cost to the Stock Item OR it can be shown separately under the Direct Expenses in Trading Account.

Is there any rule/law to Capitalise these import cost

Whether repalcement of batts of UPS will be considered as CAPEX or Revenue Exp?

I think it should be considered as CAPEX bcz batts of UPS are an important n not anyother spare part.

Please help me on this.

I AM TO DEAL PATY CASH, DAILY I HAVE TO PAY VERIOUS KIND OF EXP.LIKE CONVEYANCE, COURIER, TA DA,IF I PAY SOME ONE RS. 650/- AS CONV. WHAT WOULD BE THE ENTRY IN TALLY9, I DONT WANT TO CREATE A LEDGER OF MANY PERSON, 2ND QUERY I DO IN TAALY9 - CONVEYANCE ..Dr. TO.. PATY CASH, IS IT RIGHT WAY TO MAKE ENTY IN TALLY9, PLEASE ANS. IN BRIEF

Dear Experts,

Can u please let me know. Whether TDS is applicable to Road Transportation.
Can we deduct the TDS on Under Sec. 194 C

Please clarify

Prasad

If a debtor is standing in books from 2 years than how to disclose in balance sheet as per revised schedule vi.

What will be the Accounting entry in the books of Employer for perquisites amount of Interest free or concessional rate loan given by employer to Employee.
Whether employer can claim it as an Expense in the Books over and above the salary expense

Dear Friends, one of my client has sent Diamonds worth Rs.2.50 Crores at Hongkong as sample on consignment basis before 31th March,2012 and these diamonds are to be returned back in April,2012. my question is how to treat this transaction in accounts as on 31.3.2012. what treatment is necessary to record above transaction at the 31.3.2012 ???

Sir,
Please tell me what entry must be made in the books in case of transport service provider who has raised bill including service tax but still payment is to be received from the service receiver.
Whether Service Tax is to be shown as payable in the books as the actual payabilty of Service Tax arises only on the receipt of payment