Finalization of balance sheet (part – 3)

Page no : 2

SANYAM ARORA (“It's hard to beat a person who never gives up.”)   (20173 Points)
Replied 17 October 2012

Originally posted by : ABHINANDAN JAIN

First of all thank you so much for such a grt pleasure....i'm very much thankful to u.

In addtion i feels that the correct presentation for 2nd method/way would be:

 

Under CURRENT ASSETS, the Sub heading would be "Cash & Cash Equivalent"






Particulars



Amount





Fixed Deposit with ABC Bank


 




            Upto 3 months maturity



 XXX





 

Under CURRENT ASSETS, the Sub heading would be "Short Term Investments"






Particulars



Amount





Fixed Deposit with ABC Bank


 




          3 to 12 months maturity



 XXX





 

Under NON CURRENT ASSETS, the sub heading would be “Long Term Investments”






Particulars



Amount





Fixed Deposit with ABC Bank


 




More Than 12 months maturity



 XXX





I hope u'll keep producing such kind of articles for CCI members...

thank you..once again

 

Thanks a lot Buddy for appreciaitng my work.

Yeah once again thanks for the value addition.

Regards

Sanyam

1 Like

Namrata (Spirutial Being) (1841 Points)
Replied 18 October 2012

Very imp article 

Thanks for sharing

1 Like

Bhushan Jaju (Student) (970 Points)
Replied 18 October 2012

Thnks Sanyam :)

1 Like

*RENU SINGH * (✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )   (21627 Points)
Replied 18 October 2012

I loved the last part  (part 2) yes


Ajay Mishra (Company Secretary) (74337 Points)
Replied 19 October 2012

Nice Article dear Sanyam..........................................



BALASUBRAMANYA B Npro badge (CCI STUDENT....) (44679 Points)
Replied 19 October 2012

First sry for late reply, held up with busy sechdule.

Now on your article, Very nicely explained bro and u made clear understanding with step by step.. keep doing ur work and keep sharing...

 

All the best...

2 Like

ananya (know thyself) (930 Points)
Replied 20 October 2012

nice article...easy to understand..

keep sharingyes


Bhaskaran Chackrapani Warrier (Chartered Accountant) (80235 Points)
Replied 20 October 2012

Sir

Thanks for the write up.

In the concluding para, you have mentioned that interest on service tax has to be added back while computing taxable income.

Do we have to do this exercise. Kindly reconsider your observation.

2 Like

SANYAM ARORA (“It's hard to beat a person who never gives up.”)   (20173 Points)
Replied 20 October 2012

Originally posted by : BALU.....

First sry for late reply, held up with busy sechdule.

Now on your article, Very nicely explained bro and u made clear understanding with step by step.. keep doing ur work and keep sharing...

 

All the best...

Thanks a lot brother for Appreciaitng the work.

Regards

Sanyam


SANYAM ARORA (“It's hard to beat a person who never gives up.”)   (20173 Points)
Replied 20 October 2012

Originally posted by : B.Chackrapani Warrier

Sir

Thanks for the write up.

In the concluding para, you have mentioned that interest on service tax has to be added back while computing taxable income.

Do we have to do this exercise. Kindly reconsider your observation.

First of all, i will like to thank you for considering my Article worthy.

It's an honour for me infact.

And i am no - one in front of you sir, So i will really appreciate if you can share your valuable suggestion in respect of the said point.

This point was told to me by my senior.

So please share your suggestion in respect of the given point.



SANYAM ARORA (“It's hard to beat a person who never gives up.”)   (20173 Points)
Replied 20 October 2012

Originally posted by : *RENU SINGH *

I loved the last part  (part 2)

Thanks Renu for considering my Article worthy.

Regards

 


SANYAM ARORA (“It's hard to beat a person who never gives up.”)   (20173 Points)
Replied 20 October 2012

Originally posted by : ananya

nice article...easy to understand..

keep sharing

Thanks Ananya for considering my Article worthy.

Regards

Sanyam


BHAVESH RAJPAL (B.COM, M.COM, CA FINAL) (204 Points)
Replied 21 October 2012

Really appreciate ur efforts Mr.Sanyam Arora & Mr. Abhinandan Jain...........

 

1 Like

BHAVESH RAJPAL (B.COM, M.COM, CA FINAL) (204 Points)
Replied 21 October 2012

Pl sum1 clarify on issue raised by Mr.B.Chackrapani Warrier, wht is correct treatment..............



mahendra (Article Assistant) (21 Points)
Replied 23 October 2012

hi sanyam,

i have a doubt as u said interest on service tax is disallowed...

 Interest on indirect tax is allowed as per my knowledge.

 



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