when goods are imported, when we will take into accounts? whether at the time of goods received or at the time of rewarehousing certificate issued and what conversion rate to be taken?

If cash/bank is not a taken over asset, would it be taken into Realisation A/c? The confusion is that in some questions, it is taken in the Realisation A/c while in some, it is not taken into realisation; and instead, a cash/bank a/c is opened with the opening balance. Please Help.

which book should i use for financial reporting.. m having paduka it has good sums but no concept clarity....m looking for m p vijay kumar ....i have to complete FR by self study in 50 days....

please advise mpvikjay kumar+ practise manual + dsrawat(as) enough to get 70+ in financial reporting....

A person has Gross Receipts of Rs 450000 & he is availing new Sec 44AD.As a result his tax liability is nil. This person is not maintaining Books of A/c (Balance Sheet n Mail).
Will such a person get home loan on the basis of ITR? If not then what is such a person suppose to do in order to get home loan?

sir my company is an engineering company. we have amc incomes.
suppose we enter into an amc contract with our client for Rs 10,000 payable in two instalments (6 months) then how will the income be recorded?
plz reply ASAP

sir my company is an engineering company. we have amc incomes.
suppose we enter into an amc contract with our client for Rs 10,000 payable in two instalments (6 months) then how will the income be recorded?
plz reply ASAP

Dear Experts,

Before, incorporation of a company, some expenditure has been incurred, in addition to normal preliminary expenses like preparing MOA & AOA etc.

What is the Accounting Treatment ?

What is the compliance requirements under the Companies Act ?

Kindly favour with your reasoned reply.

Rgds,

SL Naik

Hello friends,

My doubt is

"How should the consolidation of a Holding company and a subsidary' subsidary be done? Should it be first be consolidated with the subsidary or can both subsidary co. and its subsidary together be consolidated with the holding comp ?"

Eg: x - holding comp
y - subsidary of x
z - subsidary of y.

Should the accounts of y and z be consolidated first and then consolidated with x, or can all the three x, y and z be consolidated together ? What is the treatment as per AS 21 ?

Dear experts,
Suppose if an individual having a sole proprietorship business is also a working partner in a firm then is it compulsory that every drawing made in the firm has to be shown under individual business as investment
please advise me it is very urgent
Thanks in advance

Hi Friends/experts,
1)In valuation of goodwill,why proposed dividend is not considered as liability?
2)In calcaulation of cpital employed why we will not considered long term borrowed funds?
Pls explian the above queries with logic