kindly tell me as per company act the varios assets which fall under fixed asset.while preparing FAR what treatment should be given to CST,VAT,SERVICE TAX,FREIGHT,ETC.
Freight & Demurrage incurred on purchase of any asset should be taken in which account i.e whether in Respective Asset A/c or in Freight Inward A/c.
Revert at the earliest..
1
when we have two types of reserves that we can use freely for any purpose,of having capital & revenue nature then which type of reserve (capital or revenue)we should use first fully & why ?
Sirs,
Could you advise me, where i could get CMA (finance&banking) excel soft ware, pls. refer either portal/contact address.
Regs.
As per new AS15 Revised , Acturial valuation for Gratuity and Leave encshment has to be computed under projected unit cost method so is it necessary to recompute Acturial valuation for Gratuity and Leave encshment for previous year 06-07.
and show the trasitional liability seperately in the current year 07-08
Regarding Expenditurefor Computers What Can be capitalised?
From when and upto what extent IFRS would be applicable in india.
From which site to get more informations and updations in this regard.
On April 08 Company revised the salary of employees w.e.f 01-01-2006. and subsequently excess amount of salary paid
if such expense is booked in the F.Y.2007-08,is it regarded as prior period item?
HOW WE DEAL WITH PRELIMINARY EXPENSES ACCORDING TO ACCOUNTING STANDARDS
WHETHER ACCOUNTING STANDARD 26 IS APPLICABLE FOR IT ?
PLEASE ALSO ELABORATE THE ENTRIES TO BE MADE IN THE BOOKS RELATED TO IT
If a 100% depreciable asset is put to use in last quarter than how much depreciation is allowable on it as per co. act and IT act.
Is position as per company act will be like this -:
100% depreciation in last qtr
OR
only prorata depreciation i.e. 25% only
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
fixed asset register