Adjustment:A and B cos are going to get amalgamated,to form AB Ltd, there is a contingent liability in the books of A Ltd;worth Rs 60,000.The question is asking us to treat this as a actual exsisting Liability .How do we account this in the books of A Ltd;and also in the books of AB Ltd.

Hi friends how u all are.
acha listen yesterday i recd a mail that institute has declared that no one could take transfer from one firm to another firm.and coaching time also restricts to 9.30 to 5.00 now i want to ask if that circular will implemented than wha will happen to our future yaar unka time alag tha aaj ke time pe bina coaching ke ca pass karna bahut tough hai.institute ko yeeh pata hona chahiye ki har kisi ko achi firm nai milti bhala koi uss firm mein kam kyon karega jisme use kaam karne ka mann nahi hai.har baar article ko hi exploit kia jata hai bhala principal ko hi kyon undue advantage milti hai.

Sales booking in one financial year and VAT paid on same,but TDS deducted by client in corresponding financial year. where to utilise that TDS certificate? In the year of sale on in the year of payment.

Hai every body,

I am kalpana, I want to know the exact terms and conditions of Letter of credit, how many members involve in that and how will be procedure and details of that.

Please provide me the details,

thanking you

Can any body tell me about Form 13,(lower deduction/no deduction

Sir, I have been registered in 20th Jan 2007 for article\Final(old syllabus) . When shall I get my final attempt.

And my friend has been registered in 25th Jan 2008 for final (New syllabus), When shall she get her final attempt. I want year & month of the attempts

Bhargavi

In an audit of college we had a doubt regarding income. In the college ,batch starts from july and ends in next june .The college is collecting Rs 100000 towards yearly fees from each student . The college is receiving amount whenever the student pays . Most of the fees is collected in 2007-2008 and some fee is received in april 2008. Now I have a doubt that, how income should be shown in the books of accounts if the F.Y. of the college ends on march 31st 2008.

Bhargavi

I have been doing articleship for the last two months and till now i have got competitive and hard stuff as work. That is good for learning.

Once, a teacher and CA in our coaching said that "Now, you all are happy; when you go to some office for office; they give you honor; bring coffee and snacks for you and yu audit the purchase,cash,bank books and vouchers.But , what after one year? You will be doin the same thing again and again and this time you will be bored." He was teaching Labour Turnover Ratio at that time and he asked the students "Have you ever asked things like Labor turn..ratio to the office accountant where u r auditing; he will be clueless."

That sent my brain reeling. True in some sense. When i see some of the seniors "completion of articleship" form; all of them have ticked mark their "Auditing and Taxation" part. But there are many areas too written down in the form. Till now, in firms where students of my coaching classes work; i think all's firms have the same thing.

instead of doing the same purchase book,cach book, etc (thank god , my firm will provide me more exposure even in the two field than the other firms) for 3.5 years (going outstations, skipping coaching classes); why aren't students given the opportunities to get exposure in those remaining fields also:
A)Financial and Management Accounting
B)Management services
C)Info. Tech.
D)Secondment Exchange

And ICAI brags about giving stiff competition to the MBAs. One would generally think, that CAs despite having vast knowledge are lagging behind even MBAs (from not so big insititutions; forget iim) just because they are not having soft skills.

I think fist, one should change the system of articleship for good;we get only theoritical education thru the modules; but what about its day 2 day use at our field(Recall the example of LTR).
firstly, we have to get over the illusion that we are lacking only soft skills like MBAs.WE HAVE TO GET PRACTICAL KNOWLEDGE OF WHAT WE LERAN TOOOO; not just learn, give pcc and final; and forget after3 months from exams

we have purchased a fixed assets of Rs 1000000.00 . before 3 year. but now it has been srap. what should i do in books of accounts. it value of rs 400000.00 in the books. if i writte of full amt firm will show loss. plz tell me correct treatment of accounting to writte off.

Sir, Please tell that a how many kind of addresses a company can have. like registered office, communication addrss, etc. if a company is situated in other state(R.Office)and its project site is in other site. then how address should be given so that all the communication at project site may be made. means how many kind of addresses we can give. and also can a particular building can be given as address for more than one company.

Thanks