Whether purchasing company can create DTA in case of amalgamation where selling company has losses.and purchasing company has virtual certainty.let me know the treatment under both the method of amalgamation.also refer ASI 11 issued by ICAI.

Thanks in advance

What are the formalities and procedures to be followed to redeem the preference shares of a company? Do they differ in respect of private and public companies? If yes, to what extent?

Sir, Why we consider "Liquidation Expenses" paid by transferee company as GOODWILL in its account and not a preliminary expense...???

We pass this entry in its(Purchaser) book:-
Goodwill A/c......Dr.
To Bank A/c

Now I wanna know what's logic behind it works....???

or why we don't include such expenses paid in Purchase consideration....???

A partner spent some personal amount for office use and did not submit the bills. After tracing the bills, he has submitted in the next financial year. Can that be reimbursed and taken into account this year. How to account. kindly guide.

dear sir,
How to calculate INR value of a foreign purchase bill? Which exchange rate is to be used, rate prevailing on bill of entry or date of payment?

Why do we do so? Any rule or notification in this regard?

Customer India----raises ---Purchase Order in US$ to ABC India-(Ship to address in Malasiya/ Singapore/ Hongkong).

ABC India---raises ---Purchase Order in US$ to Vendor India-(Ship to address on customer address in Malasiya/ Singapore/ Hongkong).

Vendor India---raises ---Sales Order in US$ to ABC India-(Ship to address on customer address in Malasiya/ Singapore/ Hongkong).

ABC India---raises ---Sales Invoice in US$ to Customer India-(Ship to address on customer address in Malasiya/ Singapore/ Hongkong).

In above transaction possible in US$ will this be termed as High Seas Sales even if it is not transacted in Indian Ocean?
Please confirm the possibility.

Thanks & Regards,
Manish

Is there any accounting Standard or guidance note on what all payment can be treated as pure expenses of the AOP ,& what all will be part of the utilization of funds collected for any particular form.Like in case of a RWA they have collected X amount as maintenance fund but general expenses like Audit fee ,conveyance charges will be purely expenses or part of utilization of fund(this question i want to ask is respect to income tax also as what all can be taken as expneses & deduction can be claimed from income from misc.sources)

Dear Experts,
I am auditing an closely held company. We have to calculate EPS for that. They also have issued bonus shares in the middle of the year.
While calculating bonus shares....
We have to deduct the following from the Net Profit as computed in the P&L account.(There are no preference share holders)
Provision for Tax
Deferred Tax Liability (If there is deferred tax asset should we have to add?)
Dividend Distribution Tax
Transfer to General Reserve
With regards,
Rajesh

Dear sir,

What is genaral ledger process?

Regards
Ram

a facility management company is collecting and maintaining a sinking fund for replacement of capital equipments installed in a complex ,
my query is:

what will be the accounting treatment of this in the books of the company which is paying such amount , the paying company is a leasing company and is the owner of complex.

Also, after few payments, the complex is given on lease to another company and since then the lessee is contributing directly to the facility mgmt co. (as per the lease deed)

please clarify the accounting treatment in both the cases.

its urgent