financial Management
This query is : Resolved
15 October 2009
can anyone give me answers to these Q in Fund Flow Statements
1. If Machinery costing 1.2Lacs acquired by issue of shares of 1lakh. How to deal With 20000
2. How to deal with Capital WIP in Balance Sheet?
3. How to deal with refund of Tax when both provision for taxation & Advance tax are there?
1. If Machinery costing 1.2Lacs acquired by issue of shares of 1lakh. How to deal With 20000
2. How to deal with Capital WIP in Balance Sheet?
3. How to deal with refund of Tax when both provision for taxation & Advance tax are there?
15 October 2009
as per as 10 cost of machinery should be 100000.00 only and u have to do nothing with 20000.00..
WIP is to shown under the head current assets,loans & advances.......
in case of provison is of rs.100000 & advance tax rs.120000.00. in that case refund of rs.20000 will be adjusted with advance tax & amount in excess of rs.20000 as interest will be transferred to income (p&L a/c)
WIP is to shown under the head current assets,loans & advances.......
in case of provison is of rs.100000 & advance tax rs.120000.00. in that case refund of rs.20000 will be adjusted with advance tax & amount in excess of rs.20000 as interest will be transferred to income (p&L a/c)
17 October 2009
thank U.. in 2nd Q r u saying that CAPITAL WIP taken as Current Asset in FFS..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
