Hello Friends
Actually I want to ask, when we increase the authorised share capital of the Company we pay the fees under Schedule X of the Companies Act, 1956. So can we treat this fees as Deffered Revenue expenditure and write off per year as 20%?or
whether we will debit it, totally to the P&L A/c as an expenditure of that year.
Is it Capital Expenditure or Revenue expenditure?
ABC Ltd. pays share application money to purchase shares of XYZ Ltd. The share are not allotted till 31/03/08.
In the B/S of ABC Ltd., under which head such payment of share application money should be shown?
SIR,
WE HAVE A SUFFICIENT KNOWLEDGE IN TALLY I KNOW ABOUT BRS REPORT IN TALLY BUT I FACED ONE PROBLEM.THAT IS IN A PARTICULAR MONTH ENDED SOME OF THE CHEQUES ARE NOT PASSED IN THE BANK STATEMENT.THESE ARE PASSED NEXT MONTH.I WANTED A STATEMENT AFTER RECONCILATION OF NEXT MONTH,WHICH CHEQUES ARE NOT PASSED IN THAT PARTICULAR MONTH,THOSE CHEQUES ARE CLEARED NEXT MONTH. FINALLY I WANTED ONE STATEMENT I.E. WHICH CHEQUES ARE NOT REFLECTED IN THE BANK PARTICULAR MONTH BUT THESE CHEQUES ARE REFLETED NEXT MONTH.THEN THE NEXT MONTH DATES STATEMENT WANTED
SIR,
WE HAVE A SUFFICIENT KNOWLEDGE IN TALLY I KNOW ABOUT BRS REPORT IN TALLY BUT I FACED ONE PROBLEM.THAT IS IN A PARTICULAR MONTH ENDED SOME OF THE CHEQUES ARE NOT PASSED IN THE BANK STATEMENT.THESE ARE PASSED NEXT MONTH.I WANTED A STATEMENT AFTER RECONCILATION OF NEXT MONTH,WHICH CHEQUES ARE NOT PASSED IN THAT PARTICULAR MONTH,THOSE CHEQUES ARE CLEARED NEXT MONTH. FINALLY I WANTED ONE STATEMENT I.E. WHICH CHEQUES ARE NOT REFLECTED IN THE BANK PARTICULAR MONTH BUT THESE CHEQUES ARE REFLETED NEXT MONTH.THEN THE NEXT MONTH DATES STATEMENT WANTED
Dear Member,
In case of one a company which has transferred its business to an another concern last year, had written off nearly 32 lacs of creditors in the current year.
I would like to know what would be its treatment as per Accounting Standands issued by ICAI.
Do company can write off its creditor or take any remedial action of Following back with the creditor regarding their payment due.
A ltd. company engaged in manufacturing of radiator (a part of transformer) It has incurred huge expenditure on construction of building and machinery. The company has borrowed fund from the nationalized bank for such purpose and capitalized the interest on the borrowed fund. But there is contradiction in the view of internal as well as statutory auditor. According to statutory auditor, the part of fund which is utilized for construction of machinery should not be capitalized as in the standard the term “ready to use” is given instead of “Put to use”. Whereas internal auditor opined that it should be capitalized because the standard has clearly mentioned that construction of qualifying asset must be in progress hence it is not available for put to use.
Please clear the situation as per Accounting Standard 16 on borrowing cost. Please support your answer with data from published accounts or relevant case laws.
A Public limited Co. has earned a profit of Rs.20 crore on sale of its various fixed assets( mainly land and building). How can the same be accounted for? Can it be transferred to Capital reserve? Are there any provisions regarding such transfer?
I am CA Final student,I am in great confusion about the four accounting standards issued by institute,these are AS.13,AS.21,AS.23 and AS.27.How do we correlate these accounting standards in practical and examination situations,what are differences between these standards,I've read these standards number of times but I cannot understand the effect of these standrads.I have worked out number of problems from sudy material .Please Help Me
WE HAVE TAKEN MACHINERY HIRED BASIS FOR THAT MACHINERY MAINTENACE(for example D.G Set) i.e RUNNING EXP.ETC., WHERE WE HAVE TO BOOK either Plant & Machinery Maintenance or Machinery hire charges
if we have accounted under the Plant and Machinery Maintenance we have to pay fringe binfit tax.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
Fees paid to ROC for increased authorised share Capital