I AM NOT CLEAR WITH THE CONCEPTS OF INTERIM AND FINAL DIVIDEND AND ITS EFFECT ON MKT PRICE OF SHARE OF A COMPANY.KINDLY TELL ME IN DETAIL.

A company had made a contract of sales of goods on a condition that if it will be unable to deliver the goods till 30th april, 2012 it will pay 1 crore as compensation.

Now on 31st march, 2012 management concludes that it will unable to deliver the goods till 30th april, 2012 and it want to create provision of Rs. 1 crore.

Now my question is under which AS this provision will be covered. Whether it would be covered under AS-4, "Events occuring after balance sheet date"
because contingency of event exist on balance sheet date or
under AS-29, "Provisions, Contingent liablities, & Assets" because there is a present obligation arising from past event and amount can be measured using substantial degree of estimation

our firm is doing screening & printing of saree business.foe which we need lignite & we purchase it from GMDC.for which there an ajent who book lignite at gmdc & pay the amount on our behalf. at that time he issue debit note regarding booking charges of lignite.when we get the dilivery of lignite gmdc make bill on us and return the differance amount of booking and bill to us.now what accounting entry should be passed for above transaction.
we have credited agent's a/c on reciept of debit note & make the payment on debit note.now how to make entry of gmdc bill. pls help me.

Sir,
We had made accounted for excess TDS in tally and after receipt of refund, we are lef with Excess TDS balance. We want to book it as our income, Is that possible ?If yes what would be the journal entry fr dt

dear sir,
before two year i had crated my broker a/c with op.balance of rs.25000/- but orignally it was 0 rs.in this year i want to correct my entry.so what entry i have to pass in tally?

Dear All,

Kindly explain the method to fix Selling Price of Spare Parts.We are a dealer and import spare parts from abroad and sell locally .Exchange rate are increasing monthly.We use FIFO method for Inventory Valuation.Is this method correct .Secondly, How do we set the selling price

Example supplier price Euro 120(CIF) x 70 INR =8400
Import duty and others 30% = 2520
Profit can be charged as per supplier instruction-30% on supplier price-2520
Order cost per order - 1200
Estimated orders per year-20
Estimated Purchase- 2400 Euro
Administration expenses-30,000
Estimated sales -100,000

How to price items.Should we include any other items in cost calculation

What is crr?
when it is used?

Anyone can please provide me guidelines & also format to prepare CMA data for a real estate project financing...
My mail id is mk.sr.kp@gmail.com
waiting for positive response,
thanks is advance...

What effect should be given in case TDS and Advance Tax Paid of last year to be adjusted in this financial year in case of private limited company.

How to take a depreciation when we make block of assets a/c. of any fixed assets for example..
Car A/c.
opp. bal. Rs. 213993
Old Car Sale on 15th oct Rs. 160000
New Car Pur.on 05th oct @ Rs.1030158
DP.Rate 15%.

What shoud be depreciation?