This query was posted few days back but strangely it disappeared shortly after posting(after the site was down for maintainance). Here is the query again:

Which AS or guidance note deals with the accounting treatment of pre-operative expenses?

Thanks.

This query was posted few days back but strangely it disappeared shortly after posting(after the site was down for maintainance). Here is the query again:

I have two questions .Answer below questions Separately.

1)Is the terms of NATIONALISED BANKS IN INDIA with respect to Interest Rate, Bills Discounting Charges, Concessional TT/DD charges, Import LC charges, etc negotiable OR are they governed by internal policy which has to be strictly complied?

2) How does one go about negotiating the above mentioned terms ? Does one has to get the quotation from various banks before getting into negotiations ? I request the experts to please share their personal experiance in this regard in detail.

My Client purchased an asset on 01-04-2004. on 01-05-2007 company got asubsidy from govt relating to this asset.
How this subsidy amount treat in books?
Is it depreciation reworking from o1-04-2004 needed or not?

Whether Accounting Standard is Mandatory in Nature.

Whether it is Mandatory for Firm or the individual Businessman.

Whether there is any act which made accounting standard mandatory.

What if Accounting Standard is not followed

What should be the date to book purchases in case of import? Could it be any date when all the documents & goods are received?

WHAT IS THE MEANING OF INTER BANK CALL?

WHAT IS THE MEANING OF LETTER OF AUTHORITY?

what is debit note and credit note? tell me exactly by example...also tell me circum stances and conditions when we issue them?by example,,
a person issues debit note,it means wat?

Respected All,
One of my client done some transaction which he has't detail these transaction,(slip book, payment detail, party name, chq.no.,receipt detail) so I put in suspense account. In that, so many dabit & credit suspense balances.
How to resolve this query?
Awainting your valuable guidance.

what is the meaning of draft a/c?