Prasanna Bhat
13 February 2009 at 13:14

US GAP & IFRS

Sir,

Could any one mail me PPT of US GAP and IFRS


Ravi
13 February 2009 at 12:18

Exchange Rate Difference

I am working in Export house. I want to know that if we books export bill in April 2008 and payment received in May 2009 then where the applicable Exchange rate difference in F.Y. 2008-09 or 2009-10. and Which rate applied in the entry, please help me also give the example of entry.



Ravi
13 February 2009 at 12:16

Exchange Rate Difference

I am working in Export house. I want to know that if we books export bill in April 2008 and payment received in May 2009 then where the applicable Exchange rate difference in F.Y. 2008-09 or 2009-10. also
Which rate on 31 March enter and then what is the rate on payment received we calculate, please help me also give the example of entry.



Praveen Nigam
13 February 2009 at 12:16

provision no longer required written back

Provision was made against doubtful debtors. Subsequently payment was received from debtors. As such provision earlier made has to be written bakc. Whether such write back can be shown under the head income or not. What should be the correct way of presentation.


Ravi
13 February 2009 at 12:15

Exchange Rate Difference

I am working in Export house. I want to know that if we books export bill in April 2008 and payment received in May 2009 then where the applicable Exchange rate difference in F.Y. 2008-09 or 2009-10. also
Which rate on 31 March enter and then what is the rate on payment received we calculate, please help me also give the example of entry.



seema singla
13 February 2009 at 11:50

accounting entries

A petrol pump is sold on 30-9-2008. The Closing Stock as on that date was carried on by the buyer in his books at the cost price. What entries the seller should pass in his books regarding the stock and VAT input taken over by the buyer.
Please ans.
Thanx


Ravindra
12 February 2009 at 20:23

Average rate under AS 11

What is average rate under AS 11? In case of huge fluctuations in exchange rates during a particular month or months can we adopt daily rates for average rate ? Can a company adopt daily rates for non-voluminous transactions and average rate for voluminous transactions during a period where there was huge fluctuation in exchange rates (it was not realised while booking the entry, it was realised while closing the books)?


Ravindra
12 February 2009 at 20:17

Average rate under AS 11

What is average rate under AS 11? In case of huge fluctuations in exchange rate during a month can we adopt daily rates ?
Whether it is correct to adopt daily rates for transactions which are not voluminous and adopt custom rate to transactions which are voluminous (in case of huge fluctuation during that particular month) as per AS 11 ? If yes how to disclose in notes on accounts?


Shobhit Agarwal
12 February 2009 at 19:26

Provision

What Is Provision ?
In Which Condition we Should Create the provision






Ravi
12 February 2009 at 17:05

Treatment of Exchange rate difference?

I am working in Export house. I want to know that if we books export bill in April 2008 and payment received in May 2009 then where the applicable Exchange rate difference in F.Y. 2008-09 or 2009-10.