Hello Sir/Madam,

ARE THE FOLLOWING RELATED PARTY TRANSACTIONS as per AS-18:

Preliminary expenses incurred by the promoters of the new company, who after incorporation become directors and shareholders of the company.

Brokerage earned by a stock broking company due to trading of shares on NSE/BSE by its related parties on their own account.

Thanks & Regards,
Jyoti Baid

I want to know which Accounting Standard is applicable for recognising revenue in case of a Civil Contractor - AS 7 Construction Contracts, or AS 9 Revenue Recognition.

The individual is engaged in pure civil contract works, which includes, Painting, renovation, Repairing etc of Buildings, Flats, etc, and specifically does not include Construction, or Redevelopment projects.

Para 8.3 of AS7 mentions that
"Contracts for rendering of services which are directly related to the construction of assets" are to be classified as Construction.

The question that arises here, is that whether a Civil Contractor can be covered under AS7 on the basis of the above-mentioned grounds or not.

Please reply quickly, THANKS IN ADVANCE!!!

Dear all,I want to say that every listed company have to publish their report querterly & annual report. Is there any website where I can see this total financial reports of listed company ??

1.I have to pay salary to employess. but before that they have resigned and gone without taking salary. what i have to do in my books when payable is o/s for more than say 5years.

2. Bonus payable is outstanding for left employees(where they are no body knws) what i can do such amount in my accounts?

i have read somewhere that you have to tranfer to some govt account.

but i dont knw when we have to do? i mean time period. gimme details pls

Please tell me about the bill processing.. step by step.

What is the procedure to prepare accounts of a Power Transmission Company ? Also what are points to be considered while preparing books of Power Transmission Company ?

Can Anyone tell is there Amendment in AS for PCC Nov 2009??

if any pls let me know.............

Dear Expert

Can any one pl sugges me about consolidation Cash Flow of one subsidiary which become on 1st march 2009.

How Do i should make conso for the same and report it.

thank in advance.

Whether Profit / loss arising from the Forward contract that expires after the Balance Sheet date but before the accounts are finalised?