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Anonymous
14 July 2010 at 09:50

Financil Management

Minimum Acceptable Rate of Return
The following information is available

Equity Share Capital 800000 (Before Tax cost %) 14
Prefereance Share Capital 100000 (Before Tax cost %) 6
Long Term Debit 600000 (Before Tax cost %) 8

The compnay is to undertake a expansion project cost rs. 500000 which can be arranged at 9%What is minimum acceptable rate of Return? Assumed 40% is tax rate for the company

Can any one provide solution please???

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KRITI MEHTA
12 July 2010 at 01:01

Departmental accounts

im really confused about when to calculate opening stock reserve in departmental accounts.
In some questions it is written
Opening stock ( at cost to concerned departments)
in some
simply opening stock
in some
opening stock ( at cost)
in which case we calculate opening stock reserve?
Also in some questions in the absence of any information opening stock reserve is not calculated and in some we calculate stock reserve on Closing stock - opening stock.
im really very confused pls help me out and explain me this concept.

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Rahul
11 July 2010 at 22:17

Cash Flow Statement..

Suppose A Company HAs 200000 as provision for Tax on Liability side of and has 230000 as Advance Tax On Asset Side of earlier years Say from 1996-97 to 2002-03...,,,nd nw th company is a loss making co...nd no chances of revival


If th company write-off advance tax against provision thinking no refund will bw obtained and pass th following journal entry...

P & L A/c. Dr 30000
Provision 4 Tax A/c. 200000
To Adv. Tax 230000

What will b its implication on Th operating activities cash flow?

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C.A. LINESH PATIL
11 July 2010 at 08:16

Regarding AS 26

1)can some one tell me what is the treatment of Preliminary expenses in Accounts.

2)whether expenses made after incorporation but before the start of business is also considered as a preliminary expenses.n if not so what will be the treatment of these expenses.can i prepare put these in P&L accounts.

3.)how share and debenture expenses shall be treated in Accounts.are these also covered in AS 26.

Thanks

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DESAI RONAK P.
08 July 2010 at 12:04

subsidiary company

how 100% holding in subsidiary co. by holding co. is possible? as minimum 2 members are the basic requirement in company.
please send me quickly answer.

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Anonymous
07 July 2010 at 23:34

Accounting for gift

A person purchased a computer for Rs 30000. he was given a scrach card in which he won a Gold Coin worth Rs 5000.

What should be the accounting entries to be recorded in the books of the person.

Please suggest?

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Anonymous
07 July 2010 at 22:54

regarding w/o of goodwill

whithin which period goodwil shuld be written off.bcoz as per AS14 its maximun 5 while As per AS26 maximum is 10 year

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survesh
30 June 2010 at 10:29

Taxes in Expenses

If Vat & Service Tax are charges in Indirect Expenses suche as Printing Stationery,Repairs etc,Service tax charges in Maintanance,Repairs,Rents Etc.How should the Expenses Accounted.Whether setoff or Benefit can be taken.Please give some Logic.how should i account.

Muncipal Tax Paid what should be the account head.

Regards

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survesh
30 June 2010 at 10:05

Grampanchyat

Dear Sir,

A Prop. has purchased Land.The Land is Capitalized in FY 2009-10.In April he Has paid Grampanchyat Dues say about 60,000.00

What Should we the Account head for Such type of Expenses.what entry should i Pass in Books of Accounts

Regards

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Student
27 June 2010 at 23:48

MIS

Can some suggest me the areas/topics on which MIS reports are prepared?

Can you forward the format of few MIS reports?

have checked the files section....not much helpful.
pls help!!

kirti

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