In 2015 we fully impaired the asset and the carrying amount at year was zero . What will happen in the current year 2016 ? The asset is still in the fixed asset register for 2016 . The condition of the asset has not changed from last year ( 2015)

In A Partner Ship Firm buy mistakly a Partner capital has gone debit ...so can we adjust this capital through other partners capital account

Like This

partner capital A/c Dr

To Partner Capital

Mistake ....partner taken amount from firm ...so can v adjust

we having partnership Firm, sign MOU of Non­Agriculture Land of Rs 2,00,00,000/­ on 19th August,2015. And Paid Amount of Rs 1,80,00,000/­ as
advance on 19th August,2015 and remaining will be paid at time of final sale deed. Apart from this e deduct TDS on 29th March, 2016 on 1,80,00,000
as 1% So TDS amount Rs. 180000 and interest of rs 21600 Total Tax Payment 2,01,600/­.
My Question
1) What are Accounting Entries required for these transaction.
2) As sale deed not exist only MOU made by Firm, so amount paid in advance will be shown in balance sheet as advance payment or what? As My
firm are in construction business so Land will be as stock or as capital?

Dear All, I'm preparing accounts of a company which is incorporated in the year 2012 but now it has established it's business and having preliminary and pre operative expenses. My query is how should i recognise it in the accounts as per applicable Standard... Please help.

Is Ind AS applicable to ca ipcc may 2016 attempt?

What can we do when partnership deed is silent about treatment of interest on capital?? How can we charge interest on capital from the partners of the firm in this condition....

Dear Respected Sirs/ madam,


Kindly help me in accounting the following expenditure done in proper accounting head.

I want to account it in fixed assets


1. Overhead Tank with fixing
2. Overhead tank stand with fixing
3. Sink tap with pipeline
4. Washbasin with tap & drain pipe
5. Geyser fixing with horse pile
6. Seat cover For WC
7. Hand Foset
8. Flush Tank
9. Net Fixing for windows with 1x1 wodden pathi & net

between hypothecation and pledge and mortgage

Is there any changes notified in the isca syllabus for November 2016 ?

R/s experts i m a Student of b.com(h) 1st and i m willing to pursue CA but i also need to do a job to improve financial position so plz let me know it will be a good decision to join CA.