Dear all
I have to calculate Debt/Equity ratio and Return on Equity for a co-operative. There are many funds in the balance sheet like education fund, advertisement fund, development fund, capital contribution fund,reserve fund, depreciation fund etc. what is the value of equity while doing Debt/Equity and the value of equity while calculating ROE? Can I include all these funds in net worth. Please help me.
it has been heard that provisions under section 270 (1B) related to same management company has been deleted by Company's (Amendment) Act 2000...
but whether this will effect the criteria on disclosure of Schedule VI to show in loans & advances and Investments, as same management company (if exists)..and how that can be well determined?
I require small clarification
1)when there is a capital reserve in the balance sheet it entity may be desired to take any capital asset
Then accounting treatment for that is
asset a/c dr
to bank
and any accounting treatment for capital reserve
2)when the reserve is utilised for any purpose thing is that Ivestment is made in an entity
What will be the accounting treatment for reserve
Hello Friends
I want to know the accounting of tools and dyes that whether they are to be treated as Fixed assets or consumabels and what treatment they are to be given in accounts
A company for its expansion purpose inagurates its branch (Manufacturing Unit) in the mid F.Y. 07-08 in other state, where the company incurs all the revenue expenses (viz. Car Expenses, Electric Charges, Flat Rent, General Exp., Staff Welafre, Postage & Stamp, Printing & Stationery, Professional Fees, Telephone & Traveling Expenses) and till the F.Y. 2007-08 production is also not started. All the abovementioned Expenses are directly attributable to such Branch, Can these expenses be Capitalised and added to the cost of the Project, Can these be recognised as pre-operative expenses and added to the work in progress?
Does payment of Tour advance in excess of 5000 require affixing of revanue stamp.
Does Tour advance to employee in excess Rs 5000 in cash require fixing of Revenue stamp?
When machinery spares which is used in connection with an item of asset and its use is irregular should it be charged to P/L ?
My question is that : one main contractor firm A has taken a contract from Govt department and the A firm has awarded the same contract to ther sub-contactor firm B on the same terms & condition on a certaing percentage of margin. Accourding to this sub-contact agreement all taxes and durties is deducted by Govt department from the bill of main contractor firm A and firm A is reimbusing this taxes from Sub-contractor firm B . Then my quesstion is that : what accounting entry will be passed in the books of contractor firm A and subcontract firm B . My mean to say that subcontract will debit the taxes account or other account because if taxes account is debited but subcontract firm A has not paid directly to Govt . please clearify.
My question is that : one main contractor firm A has taken a contract from Govt department and the A firm has awarded the same contract to ther sub-contactor firm B on the same terms & condition on a certaing percentage of margin. Accourding to this sub-contact agreement all taxes and durties is deducted by Govt department from the bill of main contractor firm A and firm A is reimbusing this taxes from Sub-contractor firm B . Then my quesstion is that : what accounting entry will be passed in the books of contractor firm A and subcontract firm B . My mean to say that subcontract will debit the taxes account or other account because if taxes account is debited but subcontract firm A has not paid directly to Govt . please clearify.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
Treatment of different funds in equity calculation