Dear Sir,

I have interview tommorow & for that i require following answers

1.what is inter company accouting & what are its contains
2. what are major or basic fixed Asset items & rate of depreciation on it
3.how to run or calcuate depreciations
4. what is the full forms of GL

Please help immediately.

As CA Student is it necessary that she can be a silent partner only in family business or business.

HI,

Whenever i go through any companies annaul report , i find a statement on "Corporate Governance" can you pls tell me what is that,and why is it given along with reference to the relevant section of the companies act.

The facts of the case are as under

1) X is a pvt ltd company

2) its director mr. Z is majortiy shareholder/ beneficial shareholder.

3) The above director is in urgent money
say about 20 lacs for personal obligations

4) what is the best option availble to him. How can he withdraw or take loan without contravening companies act provsion & without attacting Tax liability
in his income.

Please help

can a foreign company become a partner in an indian partnership firm.

Can you tell me the as to how money has to be brought in India by this foreign company for purpose of doing business in real estate.

Dear Sir,


We have imported the machinery from Amada cost around 1.34 core on dt.15.03.2008. we have accounted the same in our books and no depreciation charged during the year F.Y. 2007-08. The Machinery installed & put to use on 15.05.2008.

I would like to know that can we claim additional depreciation on above said machinery during the year 2008-09


Regards,

Baljinder Singh

Company entered in to a contract with a caterer for supply of food in the factory.

All kichen equipment, Gas, electricity and labour for cleaning are provided by the company.

Company recovers food cost from the employees throgh salary deduction.

Canteen contractor gives bill, charging service tax on entire bill, to the company at the month end which is paid by the company.

whether we can take the service tax credit so charged by the canteen contractor?

If the company provides canteen at free of cost to its employees, then r v eligible for credit.

I have a doubt in partnership accounts that whenever we take any money of partner and use it in a partnership firm then it is always considered as partner loan.
but if we purchase goods or services from any partners and we pay it him afterwards can we consider it as creditors or as of any other liability or we have to consider it as a partner loan only. And so what is the logic behind this?

Can we deposit TDS of all the divisions by issue a single cheque and challan and then make inter division journal adjustment entry in books?

What is the main difference amongst the above mentioned AS?
As AS -21 talks about consolidation of parent and subsidiary.
AS- 23 -deals with Investments in associate
AS - 27 reporting of financial interest in joint ventures.

how to find out whether an entity is a joint venture or associate.
a venturer can have any % of holding in joint venture.
associate means holding of 51% or more and /or control thru Board of directores,
suppose in a entity parent co. is having 50% holding as well as members in board of directors of new entity, investment in such new entity how to be treated i.e. as per AS- 27 or AS- 23.
Please reply this querry.


Thanks & regards,