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Post Author Forum Replies Views Posted [asc]
  Thread: Pros/Cons of I.Com/CA, FIA/ACCA/CA
Post: salam. dear hassan go for ur choice # 1. tha...

salam. dear hassan go for ur choice # 1. that's far better option. I.com is a good option, then go for CA! "have the power to do and everything will be urs!"
bilalfca Students 3 1,943 04-20-2011, 03:10 AM
  Thread: Posting commission in a sales invoice
Post: salam.. Bijith my understanding is if u h...

salam.. Bijith my understanding is if u have made sales of $100 for Cash and the commission is, say, $10 for that (and is payable), the entries for this transaction will be 1) Cash ...
bilalfca Accounting and Audit 14 4,667 04-19-2011, 10:22 PM
  Thread: Quote of the Day
Post: "yesterday is history, future is mystery.... but t...

"yesterday is history, future is mystery.... but today is a gift, that's why it's called present!" use ur gift!
bilalfca General Discussion 771 278,265 04-19-2011, 09:53 PM
  Thread: the happiest day of life.....
Post: come on all members... share your happiest day/mo...

come on all members... share your happiest day/moment of life too......................
bilalfca General Discussion 4 2,234 04-17-2011, 07:08 AM
  Thread: the happiest day of life.....
Post: the happiest day of life.....

the happiest day of my life is......................... when i accidentally qualified the foundation exams of CA!!
bilalfca General Discussion 4 2,234 04-17-2011, 07:06 AM
  Thread: Accha tu ham chaltay hain
Post: na bhai, sari awam nhn hai busy!! awam so rhi hai...

na bhai, sari awam nhn hai busy!! awam so rhi hai bs.........
bilalfca General Discussion 5 2,867 04-17-2011, 07:03 AM
  Thread: Quote of the Day
Post: "apni zuban ki taizi os maa pe mat aazmao jis ne t...

"apni zuban ki taizi os maa pe mat aazmao jis ne tumhain bolna sikhaya...."
bilalfca General Discussion 771 278,265 04-17-2011, 06:59 AM
  Thread: Capitalize or Expense out?
Post: <blockquote id="quote"><font size="1" face="Verdan...

quoteOriginally posted by basit_namdar For example if the laptop is capitalized at 50000 and we add another 20000 for LCD than the total will be 70000 for that laptop. but the cost of laptop in marke...
bilalfca Accounting and Audit 13 6,219 04-14-2011, 05:34 AM
  Thread: Capitalize or Expense out?
Post: <blockquote id="quote"><font size="1" face="Verdan...

quoteOriginally posted by Farooq.authorities it will be revenue expenditure coz the the LCD has broken by conduct of the user.. it can not be treated as compulsory payment like TAX, Import Duty etc....
bilalfca Accounting and Audit 13 6,219 04-12-2011, 03:19 AM
  Thread: Capitalize or Expense out?
Post: <blockquote id="quote"><font size="1" face="Verdan...

quoteOriginally posted by human A laptop costs Rs 50,000. After few months of its purchase its LCD gets damaged and the replacement of LCD costs Rs 20,000. Should we expense out or capitalize th...
bilalfca Accounting and Audit 13 6,219 03-16-2011, 02:27 AM
  Thread: tax on Rent
Post: <blockquote id="quote"><font size="1" face="Verdan...

quoteOriginally posted by faisal_desperado Dear, You may select any method of your choice, since in both cases, there will have no differentiation in tax outlay. Whether you pay the tax on whole a...
bilalfca Tax 10 3,864 02-18-2011, 02:05 AM
  Thread: Let us introduce ourselves
Post: <blockquote id="quote"><font size="1" face="Verdan...

quoteOriginally posted by Dard Bilal it is against ICAP's regulations to use the designation ACA or FCA if you are not an ACA or FCA. You can be subject to disciplinary action. Dear Dard, i've p...
bilalfca Meet the members 741 473,987 02-17-2011, 01:16 AM
  Thread: Revaluation and impairment of assets
Post: Dear Dard! i just want a clarification, in both...

Dear Dard! i just want a clarification, in both scenarios, does it mean that VIU for year 2010 is nil (if the asset is purchased in 2010)? suppose that asset is a Vehicle. now, if that vehicle ...
bilalfca Accounting and Audit 15 7,400 02-17-2011, 01:07 AM
  Thread: admissible and inadmissable deductions
Post: salam. well faisal, u r right but one thing is mi...

salam. well faisal, u r right but one thing is missing in ur calculations, according to my knowledge, i.e., Lease Renatls are admissible deductions which should be deducted and Finance Charges should...
bilalfca Tax 4 2,921 02-16-2011, 03:37 AM
  Thread: Let us introduce ourselves
Post: salam to all members. well i've just joined this ...

salam to all members. well i've just joined this forum. i would like to introduce myself as well. my name is Bilal Iftikhar. m from Bagh, Azad kashmir. m doing CA, qualified Foundation in the last a...
bilalfca Meet the members 741 473,987 02-16-2011, 03:12 AM
  Thread: Revaluation and impairment of assets
Post: Dear Scheaeb i've a question about VIU if a co h...

Dear Scheaeb i've a question about VIU if a co has purchased an asset in year 2010, say at the start, and doesn't use it (plz keep technical obsolescence of the asset in mind) coz of any reason, do...
bilalfca Accounting and Audit 15 7,400 02-16-2011, 02:59 AM
  Thread: interest and islam
Post: <blockquote id="quote"><font size="1" face="Verdan...

quoteOriginally posted by mintblue hey all.. I dont seem to understand the fact that we are not supposed to charge interest in islam.why is it haram?the Quran says that "neither the lender nor the b...
bilalfca Accounting and Audit 204 156,736 02-15-2011, 04:08 AM
  Thread: bad debts provision query
Post: salam mk10018. well accorrding to my knowledge,...

salam mk10018. well accorrding to my knowledge, concerning Q.2 u are right about that coz if there was no provision, then your profit will be higher by 120, and when you add that profit to capital ...
bilalfca Accounting and Audit 2 1,903 02-15-2011, 03:57 AM
  Thread: Leases: IAS-17
Post: Leases: IAS-17

salam. i've a question for the members of the forum now a days, leasing companies are leasing the assets on a Floating Rate of Interest,say KIBOR, how can we , as a lessee, record an asset in our bo...
bilalfca Accounting and Audit 1 1,447 02-15-2011, 03:41 AM
  Thread: Revaluation and impairment of assets
Post: salam i've really enjoyed this fruitful discussio...

salam i've really enjoyed this fruitful discussion. now, can any plz discuss/share info about Desktop Revaluation!! what is it? is it prohibited in IAS-16 etc........................ thankx
bilalfca Accounting and Audit 15 7,400 02-15-2011, 03:28 AM
  Thread: Preferred method for depreciation.
Post: salam. well, i think & as prescribed in IAS-16, t...

salam. well, i think & as prescribed in IAS-16, that method of depr. should be used that truly reflects the expected consumption of any particular asset keeping in view the other factors like obsoles...
bilalfca Accounting and Audit 7 3,690 02-14-2011, 02:39 AM
  Thread: Revaluation and impairment of assets
Post: Salam to all. Dear Mr Umer, i would like to tell ...

Salam to all. Dear Mr Umer, i would like to tell you that when a co. decides to purchase an asset, it makes a budget known as Capital Budget. in that, the co. estimates the VIU & all the related prob...
bilalfca Accounting and Audit 15 7,400 02-14-2011, 02:24 AM
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