Hi Experts,

A real estate company has purchased a property and let out the same on a rental basis.

However, it has accounted the same as a Fixed Asset and claimed depreciation.

I am of the opinion that the same should be shown as an Investment.

Kindly provide your inputs to the said matter.

A company wants to declare dividend to non residents, so they have to file RCD 1 and 2 with the authorised dealers which has to be certified by auditors. Is it necessary to be certified by the statutory auditors.

Can anyone provide me with a format of CA certificate for end use of the working capital loan obtained?
Thanks in advance.
Please its urgent.

What is SERA Audit? and what are the main objects and requirements of such audit?

NPA:-

Suppose, If the account is classified as NPA since February month due to non payment of Principal. As per the Revenue Recognition policy of the Bank, interest from NPA Account is not recognised by the Bank as an Interest Outstanding from the account. If, on 30 Th March, some amount of the principal instalment say Rs. 300 out of 1000 is deposited into account. In this case, whether that account needs to be regularised i.e. Upgradation of NPA?

Is it mandatory to put revenue stamp on payments over Rs.5000/-?

Dear Sir,
One partner ship started 27/01/2010 and PNA VAT SSI Registration on 17/02/2010. But im Feb & March only Rent & Purchases are there and for march month Vat Return is NIl

So I have to prepare Balance Sheet for the period

1. From 27.01.2010 to 31.03.20111
2.From 27.01.2010 to 31.03.2010& 01.04.2010 to 31.03.2011

on voucher A/c head mentioned as canteen subsidy , but in SAP A/c head mentioned as Entertainment expenses.

My query is on voucher what A/c head mentioned the same should mention in SAP also now.

pls clear my doubt as i am facing lot of problem with this

my queries is with regard to the issuance of delvery challan and the ensuing implications of AS-9 as under:

suppose X ltd has sent goods along with Delivery challan to Y ltd on 15/01/2010 however actual invoice is sent on 20/01/2010 then on which date the sales will be recognised in the books of X ltd and purchase in the books of Y ltd ??

What is the difference between bill and invoice?
also what is difference between credit note and debit note?
when these are raised on customer?