This is regarding the presentation & disclosure of information under AS 19.
Please some one let know how the following transaction will be shown under AS 19 for year 2009-10 & 2010-11 books :

1. A company has taken a machine on lease rental for 3 years starting from 1st july 09 to 30 june 2012 for monthly lease rental of Rs. 10000/-, which after 3 years will become company property.

2. Company has took on rent a premise for 11 months lease from 1st jan 2010 for monthly rent of Rs. 20000/-..

3. A company has taken a car on loan for 6 years starting from 1st Oct 2010 to 30 Sept 2016 for monthly emi of Rs. 8000/-, which after 6 years will become company property.

What is tally ERP ?
It is used by whome ?
Can you give me brief discriptin.

Revenue and costs arising on account of a contract are to be recognised based on percentage completion method as per AS. But, is there any concept of "average profit" prevailing in AS 7 based on which we have to recognise profits from a contract on the basis of average profits from such contract . If yes, kindly explain with the help of an example, and if not, kindly explain on what basis profits will have to be recognised.

pls any body help me to know what is the depreciation pocedure & rate for livestock

Dear Experts,
Kindly advice me in the following situation.
A private limited compnay has been registered in December 2008. For the year 2008-09 there was no operations and consequently no expenses incurred except preliminary expenses. The issue is that the capital is not yet introduced in the company. How should we finalise the accounts as on 31/03/09. If it is not necessary to finalise the accounts as on 31/03/09 under Companies Act as there is a relaxation in the first year, how to go ahead with finalisation for taxation purposes?

SIR I WOULD LIKE TO KNOW REGARDING AS-16 IS BORROWING COST APPLICABLE ON INVESTMENT?
IT MEANS IF I HAVE A BUILDING IN INVESTMENT SCHEDULE THAN CAN I APPLY AS-16? AND CAN I INCLUDE INTEREST ON LOAN AMOUNT IN THE INVESTMENT SCHEDULE?


pls sir reply as soon as possible

If Business of Grain Merchant
What kind of Accounting System we have to take for it and in which section we have to follow it ?
How they Maintain their Items Stock ?
They have to Maintained Stock or Not? if No so How they have to indicated their Stocks in IT Return.
Pls tell me if this Section relating to any other business.give me the list of it.
Moreover, in Professional Accounting of Doctors can we have to maintained Drugs Stock Regularly ? & in case of Advocate ?
Pls Guide me in that Matter

Thanks for your advice in Advance
pls send me any file on my email ID related to this Query
my Email ID is murtaza_bhagat786@rediffmail.com

can somebody tel me how to add the over heads to per unit cost and arrived at the selling price.

i've arrived at per kg and want to add all the overheads to it like salaries, rent etc...........

Pls tell me on Cement Purchase
Payment of Excise and also Freight Charges,
When we received a Credit note of Freight Charge,what we have to take that credit in our book of account ?
How take entry of Excise,VAT & Freight Charge ?
If this Credit Refundable or not ?
& what about credit note given by seller ?

pls help me in this confusion.

thanks for your advise in advance