My client has paid ROC fees to increase the authorised capital. same has been shown as advance in asset side on 31st march.

As the company is going to issue share on 10th of may they are saying they will adjust it with share premium.

Please tell the correct accounting treatment of the expense. and please give the reference of Accounting standard or companies act.

Thanks in Advance

Regards
Piyush

experts plz tell me wat should i choose from ca and cwa..

Please guide that in new Schedule VI, the preliminary/preoperative expenses have to be written off completely in the Profit & Loss or only 1/5th portion would be written off for the FY 2011-12.

IN CHAPTER INSURANCE CLAIM OF IPCC GROUP 1(STUDY MATERIAL) CAN THERE BE SAVINGS IN UNINSURED STANDING CHARGES.

IF YES WHAT WILL BE IT'S TREATMENT.
IF NO WHY ?

THANKS A LOT.

An FD matures in 180 days and was entered on 1 January 2012. At the end of March 2012, how should we recognise the accrued interest. Should we recognise TDS on accrued interest or else we should recognise only accrued interest.
My question is TDS would be deducted only on 30 June 2012. So do we need pass TDS deduction entry too as at 31 March 2012.

please tell me in cashflow statement inome before change in working capital should include increase or decrease in short or lonng capital or not

Sir,
A compound wall constructed by a company in its own land and shown seperately in the books as compound wall and capitalized the same.
Can i direct them to add the expenses incured for the construction of compound wall to the cost of land?

Recently I have come across a strange matter..Let me share it with you.

One person purchased some land/plot of Rs 40,00,000/- in cash in the name of Company on stamped agreement (dastavej) in January-2012(Say 20 January when transaction occured)

Company Incorporation date is 3 days after the above agreement date.(Say 23rd January-Certificate of Incorporation)

Company doesnt have any machinery or loan etc till 31-3-2012..It has only 1 Lakh Authorised Share Capital..


Now how to adjust such transaction in book?

*
Please Note That In Stamped agreement, the wordings were

...in the name of...Mr XYZ, director of ABC Pvt Ltd..

Stamp Paper were purchased in the name of
ABC Pvt Ltd..

Will it be consider as property of company or Individual?

If it is of Individual..Can company Accept/Reject it?
What is the Time period for passing resolution or any procedure?

There are Rs. 85000/- of Service tax
Payable and input service tax of Rs. 8000/- in F.Y 2010-2011.

Service tax payable Rs. 85000/- shown in the balance sheet but neither input service tax credit of Rs. 8000/- set off against service tax payable nor shown in balance sheet.

Now service tax payment made of Rs. 77000/- after set off input service tax of Rs. 8000/- in 2011-2012. Hence Balance Shown in Service tax Payable A/c is Rs. 8000/- in F.Y 2011-2012.

How to treat input service tax of Rs. 8000/- in F.Y. 2011-2012

Please Reply soon....

Please tell me when the adjustment entry of advance tax and tds are required to be made agains provision for income tax?