Dear Sir,

One of the company has started distribution of power(electricity).it has certain amount of preoperative expenses and pre operative incomes.

If preoperative expenses are revenue in nature then what will be its treatment?

if preoperative expenses are capital in nature then what will be the effects on accounting treatment?

can preoperative income can be net off
against preoperative expenses?

Dear sir the case is in a manufacturing industry,coal is purchased and it is used in manufacturing of electricity and electricity manufactured is used in running other activities of manufacturing process of industry. Now my question is, Whether freight paid on purchase of coal should be included in its cost as purchase or should be shown in manufacturing expenses as freight inward. I m waiting

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Dear Friends,
i need an internal audit checklist for automobiles industry in excel files so please provide to me.

Whats there difference in betn & firm & company?

I tried in google,again,seeking for if any1 in d profesional site for my confirmation.


tanx in advance.

Hi Experts,

Just had a query, a company is entering advances in the name of vendor without intention to pay them off, what that means. the entry they are passing in books

Advance - Dr
To, Creditors.

Is this something suspicious

Dear Experts;
Time limit for submission of Compliance Report – Every company shall submit the compliance report referred to in rule 5 of (Cost Accounting Records) Rules, 2011, to the Central Government within 180 days from the close of the company’s financial year to which the compliance report relates.My query is whether time limit for submission of compliance report by the Cost Accountant cab be extent and what is the procedure for the same, kindly guide as soon as poossible.

weather school audit is included in the statutory audit limit explained in the act

Audit report filing is mandatory in form 3CB however ICAI has revised the format of Auditor's Report. How can I comply both the requirements in e-filing of Audit report?

Is their any changes in the format of 3CA, 3CB and 3CD of audit reports....??? If yes then what are the changes...??? If yes can you give new format of that reports...???

wheather CARO is applicble on the foiergn co or not?