hi
i want to know whether the exchange rate differnce between the date of purchase of a fixed asset and the balance sheet date can be adjusted in the book value of the fixed asset. can the Depreciation on the additional amount(If it is profit) can be charged to P&L account? The purchase cost is not paid till the close of the year.What is the correct Entry to be made as per AS 11
Kindly guide me.
What is the rate of Depreciation on Car used for business purpose? Also can we claim depreciation on vehicle purchased in 2006 Aug in current year on full cost which has not been claimed earlier?
Suppose I am following the intrinsic value method of accounting. The market price on grant date is Rs. 50 and the exercise price is Rs. 15 resulting in an intrinsic value of Rs. 35. However, before vesting / before exercise the Company decides to change the exercise price to Rs. 20. How does this chenge affect my accounting? Also, what will be the scenario if the exercise price is now revised to Rs. 60.
My question is : I am a salaried question and company has given me a package of Rs. 3.50 Lacs per annum as Cost to Comapny. Accodingly company giving me a monthly Salary Rs. 25000.00 and deducting PF both sahare Emloyee and Employer share from my salary . I want to know under section 80C is both share of PF allowable to me or not. Please clarify me. Thanks
WHAT IS THE POWER OF ATTORNEY & WHEN IT IS TRANSFERRED?
There is a dispute between Govt Department and Contractor accordingly , We(Contractor) have filled a Arbitration pettion to High Court and H.C. appointed a seprate Arbitrator. My question is : If the decision by Arbitrator is passed in favour of contractor then Govt to whom will make a appeal ? or if the decision is passed in favour of Govt then we (Contractor) to whom will make a appeal. Please advice. Thanks
What is Deemed Dividend how is liable to deduct TDS on Deemed Dividend. Please advise. Thanks
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
Capitalisation of Exchange rate differences