Accounts queries [Resolved] [2623]

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Vidya

This Query has 4 replies

12 November 2007 at 09:22

Borrowing Cost on Land

Hi,

We have a client who have purchased a land from a ECB loan borrowed for this purpose. Can the Interest on ECB loan be capitalised? Is "Land" a qualifying asset under AS 16 for capitalisation of Borrowing Cost?

Vidya

Pushkraj Sathe

This Query has 7 replies

10 November 2007 at 09:55

Cash system of accounting.

Whether in cash system of accounting, excess fees received from a client could be shown on liability side as current liability?

CA Shilpa Dekhane

This Query has 6 replies

05 November 2007 at 15:01

Reconciliation of Cash Flow with Profit & Loss A/c

Can anybody tell me:??
Can we reconcile Cash Flow with P&L or vise versa.

Because in Cash Flow we consider only actual inflow/outflow of the cash/bank, while in case of P&L, we show our expenses on accrual basis. So how can we reconcile cash flow with P&L??

Nallusamy

This Query has 4 replies

01 November 2007 at 12:03

Contract and sub contract

Could u suggest anybody what is contract and sub contract and difference between these two?

P.V.HARINDRANATH

This Query has 5 replies

31 October 2007 at 19:21

PAYROLL CALCULATION

Sir,
01. One of the advocate suggested our HR Manager to calculate the salary on the number of days as per the month(Feb - 28, then 30, and 31) But as per my knowledge, as per rule, we have to take 26days for calculation.

02. HRA - If i work for 10 days, then what will be the HRA if I am eligible for HRA Rs.6000/- a month?

Pleas advice me in the above regarding.

Regards
Hari

kumar arumugam

This Query has 3 replies

27 October 2007 at 20:08

depreciation on a ship owned by a pvt.ltd co.

my company has purchased a newly built ship on 15.2.2007. what rate of depreciation to be applied for the period upto 15.2.2007 to 31.3.2007. wheter it is for the pro rata for the applicable days. if that so, on what percentage ?

Samir

This Query has 5 replies

27 October 2007 at 17:28

Accounting treatment of closing stock in Tally

I would like to know what entry i need to pass in tally when the market value is lower then the cost price and inventory control is maintained in tally

sanjeev shrivastava

This Query has 3 replies

26 October 2007 at 15:07

Accounting Entry

What will be the accounting entry of TURNOVER DISCOUNT made by party against purchase of pig iron.

girish

This Query has 4 replies

26 October 2007 at 13:50

Deffered tax

I have business loss..can i calculate defeerred tax ?;

Dhaval Sata

This Query has 6 replies

23 October 2007 at 19:20

Revenue Stamps

When are revenue stamps required to be attached on Vouchers?
Is it required only when payment is made in Cash exceeding Rs.5000
As per which Law/Regulation such practice is required?
What are the benefits of such practise?