Dear All,

We are large manufacturer of "Rubber" and for that various small componant requier, now my Q is that, we are paying some "REPAIRS & MAINTENANCE" for some product which is use for rubber manufacturing now all these repairs bill shall we book under the head of purchse or we directly book under head of Diret exp. plz expain with brief solution

Respected all ,

Can anyone tell me about transfer pricing ?? what concept is it ?? what are the features ???

Thankin YOu

If a society is getting the construction material as well as labour in donation partly. how to capitalise the building ????

Q.The assets of ABC ltd.consists of fixed assets & current aassets while its current liabilities comprise bank credit & trade credit in the ratio of 2:1.The following figures & ratios relating to the co. for the year ended Dec.2010 are aavailable:
Share Capital Rs.199500
working capital Rs.45000
gross profit 20%
stock turnover 6
average collection period (2 months)
current ratio 1.5
quick ratio 0.9
reserve & surplus to cash 3

Required: Balance sheet with computations.

Should we take sales above rs. 50 crores including excise & vat or not ????????????

Dear Sir,

Whenever there is a conflict between the Accounting Standards issued by ICAI, statute and Revised schedule VI, which one should be followed in priority.

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?