Sir kindly give me accurate definition of working capital.
It is a School, which is doing services in the LEASED BUILDING and PLAY GROUND for 99 Years. They repaired the play ground with RS.200000/-. What will be the Accounting Treatment for this.
The Expense is CAPITAL or REVENUE. Shall U Clarify me...
XYZ Company has accepted Rs.2 Crore as share application money. The Autorised share capital is Rs.1 Crore. Now due to heavy business lossess, Rs.2 crores given as share application money were wiped out. The company has stopped doing business. My Query is Can a company write off the Share Application Money and show the same is income in P&L account? Otherwise Company has to incur a huge expense for increase of share capital and allotment of shares, for which company have not money to spent. Expert opinion is sought from the fellow members. Thanks in advance
in cash system whether depreciation should be provided or not. If provided why?
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