Sir/Madam
How we will come to know that when P&L appropriation A/c is to be prepared?

hi friends
pls send ur views on
accounting treatment in case of demerger on capital reserve

hi friends
pls send ur views on
accounting treatment in case of demerger on capital reserve

Sir,

I have purchased the Batery for Rs.8000, so it is required to book the purchase in the expenditure head or fixed assets head.
Please clarify sir.

Thanks sir.

I have to consolidate a foreign subsidiary (Intregal Foreign Operation). For this, first i have translated trial balance of foreign subsidiary into reporting currancy and got Dr/Cr diff.as "Foreign Currancy Translation".

I have to ask whether this diff. should be chaged to P/L or shown separately in B/S (as "Foreign Currancy Translation Reserve") or any other treatment. Which AS will cover this aspect (AS-11 / AS-21).

Pls suggest..

When to prepare P&L appropriation A/c ?

Can any body tell me whether increase in authorised capital is preliminary exp or share issue exp? whether such classification will make any difference?

Also please tell me about writting off the preliminary exp & pre-operative exp. I am bit confused because as per AS 26 & Guidence note on Misc Exp it is to be written of in year in which incurred & as per judgement of some experts it can be written off as 1/5.

Please tell me the accounting treatment of deffered tax liability.

Can u plz. explain difference between ammortisation of assets and impairment of assets.

In case of an educational Institution a development fund is created and it can be used for purchase of a machinery. The credit balance in the development fund is represented by an equal debit balance in a separate bank balance.

A machine has been purchased. The normal accounting entry would be, debit fixed asset and credit bank account.Now the question arises how to reduce the Development fund ledger balance as bank balance has already reduced due to payment made for purchase of a machine.

so query is:

If we debit Development Fund, which account is to be credited.