A Client Recd a Software Credits at No Price ( From a Overseas Co. ) from against his idea of Software which he utilised for development of Software which got now materialised and the Revenue is getting generated . The Value of Credits were around 2 Cr . Now whether the Intangible Assets of 2 cr can be Created as Intangible Assets in the books and How .
As12 - Governments Grants , i hope will not be applicable being its Overseas Private Co. who provided Grants (Credits) .

What is "cost" under IND AS 27 when Strategic Investments acquired in tranches are valued under it and diluted partially? Can we use simple average method for this purpose as the Standard is silent on FIFO/LIFO/WAM?

Dear Sir, we have purchased Gold Coins for reimburse against Sales promotion. My doubt is that whether we can show them in Inventory or booked in Sales Promotion expenses.

Sir, Thank you for immediate reply and though they are not for immediate reimbursement how can we show them in Inventory as Inventory means which the goods we trade and gold coins we are not trading.

can we maintain seperate data for them for disbursement?

Show how a import purchase entry in tally prime with example

i need project report format of paper plate and cup manufacturing unit for bank loan

Sir
Invoice of the Raw materials(RM) raised 15/20 days after the Raw material enter into the store.
Initially quality checking of materials done within 3 to 4 days after RM are entering Store room. Defective materials are either returned or value will be deducted.
My query is Which date on entry of RM will be shown in Purchase Register?
Regards
Abhijit

We are dealing taxable as well as exempted goods.
We reverse proportionately gst itc. Also reverse ineligible itc on service.
The said reverse itc we transfer to respective account head. It is Ok or to transfer rent rate taxes account.
Which is authentic.

Sir
Company A done some construction work through a contractor 'B' for Company C.
ie the construction work is for Company C but due to non-availability of manpower in Company C, on request of Company 'C' ,Company A execute the job .
The Company C requested Company A to make the payment to Contractor 'B' & latter Company C will reimburse the amount to Company "B".
My query is:
What will be journal entry in the books of Company 'A'.
Abhijit

Dear Sir,

We have A four Wheeler ( car) in books of account under Fixed Assets previous 3 years every year we have claimed depericiation on Car. Now we want to Sale but Customer ask to give us Sales Invoice with GST. so please suggest how i can issue GST invoice because its under Fixed assets not under Stock item. We are using Busy Software Please suggest

Kindly provide AMT treatment in case Partnership Firm in Books of Accounts and in Financial Statements