i have been trying lot to find the correct way of accountin futures & options entry .. still didnt find the standard accounting entry ..

So pls request you people to hep me in this regard.

Even i want what entry to be passed in tally for ipo allotment ...

Can anyone please let me know the following about hedging of receivables ?

1) Hedging process:
( including practical aspects like forms / challans involved, declarations ,if any, to be given ,who and how the rate of exchange rate at future date determined etc.)

2) Costs involved (the basis on which such costs are calculated)

3) Accounting entries involved.

4)Disclosures,if any, to be made.

Thanks .

Anil.

Hi All,
I'm doing CWA(Inter) & appeared in Dec 2007 Exam but I'll not get success due to poor performance.
As u know the syllabus has been revised so,
I want to know that the course will remain same for me as in Dec 2007 or i have to give exam according to new syllabus. Please help

Example: A member has 20 public companies and 10 Private companies which is subsidiary of public company but functioning with constitution as private company. Can he beconme statutory auditor of 30 above companies?

my question is that whether private which is a subsidiary of public should be considered as public or private for calculating limit

Private company subsidiary of public company satisfying conditions stated in Section 3(1) of companies Act and has not converted itself into a public company.

My orgainistion is registered under society's Act and non-profit oriented and receives govt.grants. The govt.has given land free of cost. The members of the society are nominated by Govt. Recently the Accountant General personnel conducted audit of our accounts. The pointed out that :

1. The land has to be valued at market price and shown in the books of accounts where as we assigned Rs.1 value as it is given free of cost.

2. Similarly two buses were given by one of the PSU free of cost and shown At Rs.1 in the books where as they wanted to show at depreciated value from the date of purchase.
Please clarify.

A person is an employee in 3 company and is in receipt of transport allowance of Rs 800/- per month from each company.In this case can he claim exemtion of Rs 800/- from each of such company.

HELLO, THIS SYED IRSHAD HERE.I WANT TO COMPLETE MY 100HRS IT TRAINING.BUT I CANNOT COME TO CUFFE PARADE AS I AM WORKING IN A FIRM. PLZ TELL ME OTHER PLACES IN MUMBAI WHERE I CAN COMPLETE MY 100HRS IT TRAINING.IS INSTITUTE COMING WITH NEW LIST OF LICENCED INSTITUTIONS FOR IT TRAINING.

Dear sir

Please clarrify me that if Son Paid CAR RENT to Father and use the car and father Shows car rental income in his income tax return
Can they do this as per income tax

Rajesh

if a payment is made to a Local Authority whether there is a need to deduct any TDS u/s194 or not. please send the reply as soon as possible.....

Dear Sir,

Please let me know how will avoid the maximum tax exemption and state sections and amounts.


Thanks in Advance.