Accounts queries [Resolved] [34252]

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srinivas

This Query has 3 replies

10 November 2008 at 21:02

revenue recognition- software development charges

when should software development charges be recognised in the books of the vendor in the following case:

X pvt. ltd is a software co. into the business of software development. Y inc. is a company incorporated in U.S.A who gives a contract of 100000$ on 1-5-2008. Y inc. pays X pvt. ltd 10000$ every month based on no. of manhours * rate per hour as software development charges.

X pvt. ltd accounts for the software development charges on actual receipt of money on conversion into indian rupees without accounting for Currency flucutations of rate on conversion as required under AS-11. Is the stand taken by X pvt. ltd correct?

send your answers to psrinivas1@in.com

Subrahmanyam

This Query has 3 replies

10 November 2008 at 20:38

Online filing

Is it possible to register / have userid etc for oneself in any way so as to file returns of all individual or salaried clients online.

Subrahmanyam

This Query has 1 replies

10 November 2008 at 20:35

Communicating with Previous Auditor

Is communicating with the previous auditor necessary only in case of statutory audit or for all kinds of audit like tax audit / concurrent / internal

Ravi Kiran

This Query has 1 replies

10 November 2008 at 20:17

Accounting Entry for Bonus Shares

Dear Sir,

What entry to be passed in the books of Individual who receives bonus shares from the company

Regards

Ravi Konda

Ravi Kiran

This Query has 2 replies

10 November 2008 at 20:16

Accounting Entry for Bonus Shares

Dear Sir,

What entry to be passed in the books of Individual who receives bonus shares from the company

Regards

Ravi Konda

CA. Santosh Jain

This Query has 1 replies

10 November 2008 at 20:10

Branch/office/ warehouse in different state

What is the procedure to open a branch/warehouse/office in different place by a Pvt. ltd.

Should i file any form with ROC ?

Sushant Singh

This Query has 2 replies

10 November 2008 at 20:00

Reference Book

Sir,
I need a book on Negotiable Instrument act 1881 , specifically for this act only & it should be in a simple & lucid language containing case studies.
Please refer me a good book on this act.

pavankumar

This Query has 1 replies

10 November 2008 at 18:58

Compliance with statutory requirments

sir
How we decide the company complying with
Statuory requirments like ESI,PF,ED,CESS,
CUSTOMS DUTY,etc

Is there any checklist

Thanks in advance
pavan

CA Gaurav Gupta

This Query has 2 replies

10 November 2008 at 18:51

income tax

during the financial year 2007-2008 Mr amit Paid Interest on loan availed by him for his son's higher education. his son already employed in a firm.can mr amit claim deduction u/s 80E?