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Kreatz Kreatz

Proprietor Purchased a laptop using his bajaj Finance Card for his firm. and the EMI will deducted from his personal account. what will be the journal entry? and can avail the itc


Yogendra Mishra
02 April 2024 at 22:59

How to record in tally

Company purchased goods worth ₹ 2000. And payment done by staff, not from the company's current account. Now tell me how to record in tally


Accounts Head

Dear Experts,
Can a Limited company give unsecured loan? if yes
Can it give loan to Individuals / Pvt. Ltd. Companies / Directors ?


RAMDAS GADHE
01 April 2024 at 15:35

INVERTER BATTERY

INVERTER BATTERY PURCHASE FOR SECURITY CABIN EXP OR FIX ASSET


Manu Mittal
01 April 2024 at 15:00

AS 10 (PPE)

cost of an item of property plant & equipment comprises:

the initial estimate of the cost of dismantling, removing the item and restoring the site on which it is located, referring to as decommissioning, restoration and similar liabilities; the obligation for which an Enterprise incurs either when the item is acquired or as a consequence of having used the item during a particular period for purposes other than to produce inventories during the period.

primarily explaination required from "or as a consequence......"


Sada Nand

can u please help me with subject issue


Pawan Sharma
01 April 2024 at 14:38

Rental agreement in name of company

company having guest house on rent and agreement is between director and owner. can be book guest rent and expenses related to guest house, in name of company.


DHAVAL
27 March 2024 at 18:51

PROFIT FOR GOODWILL CALCUATION

while considering profit for goodwill calcuation . profit sholud consdier after depreciation , remuneartion and interest to partner or before interest and remunearation and depreciation

PROFIT 100,000
DEPRE 2000
INTEREST 3000
REMUNERATION 5000

NET PROFIT : 90,000

Which profit is to be considered 1,00,000 or 90,000


akshay darkonde
26 March 2024 at 11:08

Shares issued as prize money

Respected All, What will be the accounting and tax treatment.... if a co operative society issues shares to its some of the existing shareholders as prize money because those shareholders have achieved the target set by the society.....in my case the society has passed the entry as :
Entertainment Exp (P & L Account) Dr
To Share capital account


krishna jethe
25 March 2024 at 19:51

Non GST Purchase

Dear Experts,
In Saving Account Small Amount & under 5000 amount is Paid to Suplier Can We disclose this Paid Amount as Non-GST Purchase Only.(No in GSTR-3B)
How Many Limit value for single Non-GST Purchase Bill against single Person.
Whether can we show Dummy Name In Purchase Invoice .

Thank you......