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The company has incurred Preliminary expenses. As per old Schedule VI these are to be shown under the head MISCELLANEOUS EXPENDITURE in Assets side of Balance Sheet. Now where to show these expenses under revised Scheduke VI.
1 4233Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method
2395How do you annalyse the Goodwill value of the Company ?? does the net worth value is the same as Goodwill value or wht ??
1 4737Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?
2563I am working in a company as a finance officer during the measurement of fixed asset i have faced for land depreciation. How to measure land depreciation? please help me in this regard.
3 4630Post New CompanyAffairs CS Questions
Can anybody tell when sbh dispatches appointment letters for Clerical for people completed medical and scrutiny of documents on 15/08/09?
How does a bank or financial institution calculate COGS? What are the 'direct' costs of a loan or deposit revenue operation?
How to analyse the day to day sensex Points or Forex Values?
Information regarding shop & establishment registration of propiertor ship & require document for this
what is correct accounting treatment for preliminary exps and pre-operative Expsas per AS 26? or any other applicable AS?
when will be appsc exams will held pls give me the dates
I want to validate Customer credit payment with customer invoice, When billing time, the system check the customer credit payment, if customer credit is lesser than customer bill, system should not allow the billing further process. Can I configure in sap
what is rate of service tax and form no. of service tax ? wt rules of service tax a particuler once .?
what is the abrevation for JJ in form jj
how to solve the problem of sechdule date problem in sap proframme.
what is mean by tax holiday?
Treatment of Government grant and its utilization in P
Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.
Does any one attented HSBC audit compliance test? Please let me know asap. suraj
what is meant by search report of the company n why is it prepared?
