A company was incorporated on 12.2.07. It commenced business only on 1.7.08.It had incurred expenses amounting to Rs.500,000/- prior to march 07. If the company prepares accounts for 2006-07 as per companies act, will it have to prepare a profit& loss A/c and writeoff this amt as per AS-26 or any other method can be followed?

Can any one tell me the best use of Scenario function in Ms excel?

please advise whether provision of excise duty on closing stock would be made on sales value or the cost of the product

sir,
pls tell me what is learning curve ratio?how it is applied in labour overheads?

Whether Actuarial valuation done by a Qualified Actuary employed by an Insurance organisation will comply with the requirements of AS 15?
As per the guidance note on AS 15 issued by ICAI (published in June 2007 - CA Journal), it is not necessary to get a separate Actuarial Certificate, if the Insurance company has made the Acturaial valuation by a qualified Actuary.Further I would like to know if there is any judicial pronouncement regarding this matter after June'07.

Nature of Tds recoverable amount?
How this account is finally settled?

if stock had sent for further processing how you value the stock as on balance sheet date? accounting standard 2 doesnt say something about this. Is it necessary that on balance sheet date stock should be luying in business premises.(please explain with an example)

THERE IS Majore difference in Opening Balance between Party & Company Ledger for the F.Y.2007-08 Like :-

In Party Account :- Our Balance is DR. 47,000/- Somthing

In Company Account :- Party Balance is CR. 4,00,000/- Something.

The Problem is we submitted our Income tax return for the A.Y.07-08 [F.Y.06-07]

Now what should We do for matching the Balance

THERE IS Majore difference in Opening Balance between Party & Company Ledger for the F.Y.2007-08 Like :-

In Party Account :- Our Balance is DR. 47,000/- Somthing

In Company Account :- Party Balance is CR. 4,00,000/- Something.

The Problem is we submitted our Income tax return for the A.Y.07-08 [F.Y.06-07]

Now what should We do for matching the Balance

Advance given on jan is 10000 dollars@42Rs.

Billed on 15th march 10000 dollars @ 40Rs.

Held on 31st March 10000 dollars as per RBI @ 43RS.

is it gain/loss we have to charge in the p&l account and
Which provision deals with as per AS11.