Dear Sir
As one of our Company's Executive Director claim the reimmbursement of exp. incurred on hire of taxi in mumbai but don't get any bill for the same.

I want to know what I have to demand from them as a supportive to the Cash Voucher if they don't produce any relevant evidence of expenditure done.

Pls let me know whether Put to use certificate is essential to issue to user department by the accounts head for any addition to fixed assets during the current year.

can anyone provide me the excel format of balance sheet



thx

in schedule xiv no where it is mentioned that company has to depreciate its assets upto 95%. then how a company can depreciate its assets upto 95% following schedule xiv rates?

Hello to everyone out here.
My brother has just started an interior designers firm. and i want to have certain system set up for accounting of the same.One of my problem is the business is divided into two parts.
First the trunkey based projects in which we purchase all material, hire labour agencies and pay them, and supervise all the work and then charge our design fees.
second is the service projects in which we just have to assist the client for purchasing the material and hiring of labour etc. we charge only for our design fees.

so can you please suggest how should i maintain accounts in tally giving certain guidlines including groupwise details. and also how should i prepare the invoice whether i should include material in and labour in the invoice or just design fees.

A company which follows schedule xiv rates of Companies Act for depreciation. But this company depreciates its assets upto 95% of the historical cost of the assets. There after it does not provide any depreciation in the books. whether company is correct in doing so or not?

If we have taken forward Exchange Contract then what accouting should be needed in our bookes. If we have not given any accounting effect for same then what will be consequences?

we moved on to our new office very recently. all the furniture and fixtures were got new and we opted for a lease for the payment of these. Thru the Lease arrangement we are required to pay a monthly lease rental to the funder.Will it be ok for us to treat such a lease as an operating lease in the books.We dont intend to possess the assets after the expiry of the lease term...Please advice..

NET SALES REVENUE 475000
COST OF GOOD SOLD 200000
GENERAL EXPENSES 100000
DEPRICIATION 50000
PBIT 125000
INTEREST 25000
PBT 100000
TAX @ 40% 40000
PROFIT AFTER TAX 60000

Q.1 WHAT IS ANNUAL CASH INFLOW CONSIDERING INTEREST EXCLUSION
PRINCIPLE WITHIN NPV METHOD?
Q.2 WILL WE TAKE TAX SAVING ON INTEREST , REASON?
Q.3 WILL WE IGNORE INTEREST DUE TO ABOVE MENTIONED PRINCIPLE
, GIVE REASON?

I WILL BE THANKFUL FOR YOUR RESPONSE , THANK YOU IN ADVANCE.

Hello Everyone,

I am new to this forum but find it an excellent platform to exchange ideas and get help to any queries one may have.

I am currently based in singapore studying master's degree in international accounting which more or less emphasises on International Financial Reporting Standards.

I need a big favour in regards to a couple of assignments that I am working on. The first one is based on a few questions related to accounting treatment under IFRS and the second one relates to Net Present Value with sensitivity as well as scenario analysis.

I would be highly greatful if any one can give some time and help me out with these queries. Thanks a lot in advance.

Please contact me on bgarima01 at the rate of googlemail dot com

Regards,

Garima