please any one clarify me the difference between Provisions and Accruals.
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Why show "Estimated amount of contracts remaining to be excuted on capital account & not Provided for" in the head of Contingent Liability in Schedule vi of company Act 1956.
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what should be the journal entry in case of lost of car taken on loan?
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Dear all,
What is the accounting treatment of convertible debentures. Are they equity or debt? where is it placed in the balance sheet
Dear Sir,
Please tell me PT new slab Rates in Andhra Pradesh.
Thanks & Regards
Ram
Sir,
If preoperative expenses and preliminary expenses are capitalized to which head we will write off these expenses and how many years it will written off in equal figures.
Respected Experts
A company had taken 3 month Forwards Contract for $1000 on 1/11/2009 FC Rate 46.6 RBI on that date 46.2 and on 1/12/2009 another FC cover was taken (3 months )for $1000 the company paid the first amount $ 1000 on 1/2/2010..
Please show the Entry to passed on 1/2/2010
when ..
A company is in the process of contructing building of 20 floors. And 5 floors are almost completed and ready for its intended use.
My query is :-
1) can we do the partiall capitalisation for these 5 floors.?
2) Is there is any specific provision for the same in the Accounting standard?
3) If yes then what should be the basis for allocating the cost for these 5 floors?
If a Fixed Assets has been fully depreciated in the books but still has useful life, what should be the accounting treatment for depreciation of the asset?
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Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
Difference between Provisions and Accruals