Sir,
Could you pls guide me what is profit & loss appropriation account and what is the purpose of it.
pls expalin in detail.
Pl give me a brief idea / notes on AS 30 - 32 from exam point of view.
Answer nowDear Sir,
If we want to show share stock (business) at market value at 31st March than what type of entry is required to be passed at the end to show unrealized gain or unrealized loss for that. And what entry and adjustment is made when actually sold the same?
Secondly for the fixed deposit that has been matured in next year if we want to make an entry for accrued interest than tds detail is required or we have to pass the entries for interest income only?
Hello sir,
I am appearing for JUne 2009 CA final exam first group. I would like to know whether AS 30. is applicable.
If it is so, please forward me the soft copy of the AS 30.
2) Whether AS (Accounting Statndards)is applicable for Trust.(non corporate enterprises).
3) is it compulsory to maintain the Fixed Asset register for the Trust.
4)what is the difference b/w Quoted & Unquoted investments?
5) Is there any Presentation on Guidance notes on Accounts & Gudidance note on Audit important for the June 2009 exam?
6) Rate of Depreciation under WDV method= 1-(scrap value/wdv value)^1/n
Can u please help me in solving this equation with an example.
with regards,
R. Gurucharan.
DEAR ALL,
TRADING STOCK & FIXED ASSETS ARE LOST BY FIRE. CLAIM IS FILED AGAINST IT.
QTY VALE
TRADING STOCK 1500KG 150000
COMPUTER 1 WDV 1000
CLAIM FILED FOR 150000 PLUS 20000 FOR NEW COMPUTER.
WHAT IS TREATMENT OF ENTRY.
PLZ EXPLAIN IN DETAIL.
Company voluntariliy follwoing AS 21 , 23 & 27 and preparing consolidated financial statements even if its not mandatory for this company. Whether auditor can sign such consolidated financial statements and whther company can submit same for ROC and other statutory purposes?
Answer nowfreight of Raw material capitalise in Raw material....and the freight amount is not gone to purchase register....T.D.S is corrctly deducted
now the valuation of closing stock is included the freight Amt.....
whether this treatment is right???
Dear All
Give a performa of balance confirmation form debtors/creditors as on 31.03.09
Harish
Actually i am little confused regarding a specific issue on depreciation
If a Building is a part of plant and machinery i mean base bulding without which the machinery cannot operate than should depreciation should be charged At the rate of plant and machinery or building?
Please, Help me, We are dealing with Indian Co. he give me Payment in US Dollars. He send me US$ 12000 @ 49.54 and bank give us credit US$11995 @ 48.94 and bank not show US$ 5 dollar in our statement. How should we pass this entry in our Books.
Thanks
Live class on PF & ESI Enrollment & Returns Filing(with recording)
PROFIT AND LOSS APPROPRIATION ACCOUNT