Holding Co is preparing accounts in USD and Subsidiary is preparing accounts in Euro. The subsidiary have borrowed USD 70 Million Loan from HSBC and they have recored in their books considering the exchange rate on transaction which is amounting to 69.8 million. While consolidating the accounts, What is the amount to be considered in the consolidated accounts. Can we take directly USD 70 million or as usual convert Euro 69.8(as in the books of subsidiary)as on year end.

Recentlly I came accross an job vacancy advertisment for the post of Accounts Manager which wanted the candidate to do "flux analysis" along with taking up other responsibilities .

Please let me know what is Flux analysis.

Thanks.

For calculation of Deferred tax relating to timing difference arising out of fixed assets, do we take the difference between WDV as per books and WDV as per Income tax; or do we take the difference between depreciation as per books and depreciation as per Income tax act.

if partners decide to charge interest on drawings and give interest on capital in partnership deed but no rate is decided, what rate should be taken?

Dear Friends,

Can you please explain the transfer pricing - concept,method and accounting treatments

Thanks & Regards
P.Saravanan

Sir,

Can u please give me at what rate TDS deducted from a company & noncompany

Can any one tell me about Conventional Accounting?

PLZ guide me........... exchange differences arising on repayment of liabilities incurred for the purpose of acquiring fixed assets, which are carried in terms of historical cost, should be adjusted in the carrying amount of the respective fixed assets or not ?

Should Depreciation be provided in th Books by the LESSOR of a Finance Lease Transactiion? If so, will IT- ACT also grants it?

Same Question- What about in OPERATING LEASE

What about in case of pure Hiring of machinery?

Should Depreciation be provided in th Books by the LESSOR of a Finance Lease Transactiion? If so, will IT- ACT also grants it?

Same Question- What about in OPERATING LEASE

What about in case of pure Hiring of machinery?