Suppose i have set up a factory building for a new project on 1st Sept, 2010. The factory is totally ready. However the plant and machinery required for production is installed on 1st Dec, 2010. When should the factory building be capitalised. Once production starts, on installation of P&M or from the time Factory building was ready.. Plz advice

Please help me in passing the accounting entry for free samples distributed in case of manufacturing concern.

In a Aviation Company, Crockery used in the Flights were not being recognized in their balance sheet as any of their assets, even no valuation as on date for crockery was available.

It should be recognized or not?

do we need to have atleast seven partners in a partnership firm to do a statutory audit of a listed company ??

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Can anybody detail me what is shares held in abeyance in realtion to section 206 A of companies Act? I have gone through the Act but didn't find explanative?

hi all experts....
while giving both groups of ipcc if ipcc grp 1 is not cleared and grp 2 is cleared....then also grp 2 will be treated as pass or not?????

dear sir,
pls tell me what document should be verified while doing import purchase transaction same in export.which point should be keep in mind while verifying document.

Hello everyone....I want to know that in the following cases how can I explain the things & How it can b done in practical life:-
1. Analysis of financial statements including notes to accounts.
2. Examination and analysis of financial assertions, records and statements.
3. Analyzing financial statements and identifying the potential strengths and weaknesses.
4. Ensuring compliance with relevant statutes, accounting principles, standards of auditing, legal pronouncements.
Regards,
CA Neha Sharma

Is there any additional Requirement for CA's for carrying out audit of a listed company