A CIRCUS OWNER OWNS ELEPHANT. WILL IT BE TREATED AS FIXED ASSET ? IS IT DEPRECIABLE ASSET ?

WHAT WOULD BE ACCOUNTING ENTRY ON DEATH OF ELEPHANT.?

ANSWER ALL QUESTIONS SEPARATELY PLEASE.

I have few queries.

1) Proprietor expired in the middle of a F.Y. The business of the proprietor was inherited by his son. Father was not maintaining any records relating to stocks of the business.The closing stock at the end of the year was to be on the basis of proprietor and it is not practicable to physically count the stock on the day of his expiry. how to calculate the value of stock on the day of his fathers expiry?

2) If in the above situation father had 4 son's, 3 of them do not want any share of the business and wanted to give their share to the 4th son, what can be done in that situation? can they make a MOU to extinguish their rights in the business?

3) How the return is to be filed of the father as well as the son who inherited the business?

in case of banking companies if the amount of principal or / and interest remains undue for more than 90 days it becomes npa and after that it is categorised into sub standard asset and now provision of 10% is to be created for a period of not more than 12 months. my question is whether 90 days to included in 12 months or not?

Can Capital subsidy received from government, investment allowance reserve, and tuf shown under general reserve in the revised schedule vi?

sir what exactly is the difference between unpaid and payable?

Sir,
Our company is a small listed company listed at BSE. Now we have to modify the objects of the company.

1. Is it sufficient to put in AGM Approval
or
2. We have to conduct Postal ballot is compulsorily?

Pl. advise the procedure.

Here is a query
A newly formed company wants to issue cumulative preference share
The divided will be paid as equity shares
can the dividend be converted into equity shares in case there is no profit in the company and reserves are also negative.

do we need to show dividend payable every year or only at the time of conversion

please answer

DK Ltd. Purchased some machines as follows:

1. On 1/7/2009 Company purchased a Plant at cost Rs.85000 and freight incurred Rs. 5000 and erection charges Rs.10000.
2. On 1/4/2010 Company purchased another Plant at cost Rs. 150000.
3. On 1/10/2010 Company purchased another new plant at cost Rs. 20000 and freight incurred Rs.3000 and erection charges Rs.2000.
4. On 1/7/2011 other new Plant purchased at cost Rs. 70000 and erection charges Rs. 5000 incurred.

Company follows SLM of dep. at 10% p.a. But 2011 beginning onward Company decided to change its method of dep.from SLM to WDV at 15%p.a with retrospective effect.In 2011 on April 1st. 1/4th of plant purchased on 1/7/09 sold away for Rs. 13150.

Show Plant a/c up to Dec.31st., 2011.

Race horse used for running in race course.
How this horse should be account for? Is it Investment or What? please help me in this issue.

Hello experts,
I have doubt regarding the term "supplies"
Used in as 2
what and all it includes ???
whether packing material is included???

Thanks in advance for your time and patience.