Easy Office
LCI Learning


Vandana Mulchandani

I want a free spread sheet or formula for calculating the NPV value for investing in new machinery vs hiring of machine etc


P Sreenivasulu
20 August 2007 at 01:23

Provision for Proposed Dividend

whether the provision for proposed dividend falls in the definition of provisions as covered by AS 29 ? If not, whether it is governed by any another accounting standard ?


vineet
18 August 2007 at 06:23

treatment of insurance expenses

what will be the treatment of insurance expenses paid for the first time on purchase of a new vehicle-whether it is to be capitalised or not?


rahul
18 August 2007 at 00:26

treatment of pre incorporation exp

A private Co. incurred some exp. before its incorporation.which includes expenses incurred for purchase of materialetc. what accounting treatment & balancesheet disclouser should me made.....


R.V.RAO
16 August 2007 at 04:49

depreciation

MY FRIEND MR. HITESH REPLIED WELL ON WHY PROVIDE DEPR.
BUT I WONDER HOW MANY COMPANIES SET ASIDE THE AMOUNT SEPARATELY OR IN AN IDENTICAL WAY TO REPLACE THE ASSET ON BEING WORN OUT?
NOT MAJORITY COMPANIES.
SO THE QUESTION IS ECXCEPT TO REDUCE PROFITS AND PAY LESSER TAXES , THE REAL OBJECTIVE OF REPLACING AN ASSET ON BEING WORN OUT IS NOT ACHIEVED.
THUS EVEN THE CONCEPT OF CONTINUITY OF BUSINESS IS NOT FULLY ACHIEVABLE FOR A GOING CONCERN IF WE CANNOT FIND FUNDS TO REPLACE AN ASSET WHEN DUE.
IS NOT IT TIME TO MAKE IT MANDATORY TO SET ASIDE DEP. PROVIDED IN SEPARATE OR IDENTIFIABLE WAY TO COME TO OUR rescue?
regards
R.V.RAO


P.R.VITTAL RAO
16 August 2007 at 04:47

Ttreatment in Accounts

we have taken security deposits while giving canteen premises and some kitchen equipments. Now the contractor's terms is over and we have recovered some amount from him for the missing items. The balane amount is paid back. The question is
1. The recovered amount is debited to security deposist account and credit is given to fixed asset Account.
2. While the missing item,s cost has to be removed from fixed asset account, a Journal entry debiting write off account and crediting fixed asset account is proposed.
By doing so, two credits are given to fixed assets are given. Please clarify.


mint
16 August 2007 at 03:36

Deffered Tax Liabilities

What Is deffered tax libilities and what is the treatment of account


mint
16 August 2007 at 02:32

Depriciation

hi why we are charging depriciation on assets


anita devi
16 August 2007 at 01:16

facilities to PIO card holder

I am a housewife here in india, i am not indian citizen , i am holding foreign passport,can you suggest me what facilities are available to PIO, and how can we make pan card, how can we make our income tax file, and e verthing that we should do for living in india.


Raj
16 August 2007 at 01:10

AS 10, demurrage charge

Whether can we capitalize demurrage charge to imported capital items ?