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Gaurav Kotwani

A Private Limited Company have Capital redemption Reserve in their Liabilities, in case of that Company do get converted into LLP. now in balancesheet capital redemption reserve will be shown as what.

Note:we do not want to issue bonus share from Capital redemption reserve and do not want to use it in any other way,

let us know the way of treatment of capital redemption reserve in case of conversion of company conversion to LLP.


Daya
03 May 2024 at 17:30

Fraction of share

whether a company can issue Fraction of share in a share in India.
in the case of Jindal stainless steel Ltd. and Jindal stainless ( Hissar Ltd.)
In the case of merger or demerger.


Mahesh S M

Is it correct to categorize rounding off as an expense if it has a debit balance and as a current liability if it has a credit balance?


Shailendra Kumar Saxena
03 May 2024 at 11:14

Interest on loan as cost of flat

Please advise. I purchased a flat with another person for 30 lacs. Other person contributed 15 lacs, I paid 10 lacs and took a loan of 5 lacs over that flat and contributed. Now both contributed 15 lacs each. I am the one who is paying interest on loan. At the time of sale, can I claim this interest as my contribution in this flat and ask for more percentage?


Sujith
03 May 2024 at 00:18

RoU as per IND AS 116

How to Calculate RoU if intial lease period was 3 years w.e.f 01-09-2020 extended for 3 more years with 3% enhancement in monthly rent. Lease period was ended in September 2023 but allowed to further 3 months with existing rent, without execution any rent agreement. Initial monthly rent is Rs.1,00,000 Security deposit Rs.12,00,000 refundable at the vacating the premises.


shriram deshpande

Dear Experts,
We are a Pvt Ltd Company. Need you guidance on how can issue spare parts for our assembly line ? We are using Zoho Books. The Spare Parts are reflecting in our inventory. Kindly suggest ASAP.

Regards
Shriram Deshpande


k chakraborty

How to record post sale discount, not shown on GST Invoice and was not agreed upon before sale, given by supplier because of quick payment of due. The discount is given on total amount payable and is not linked to products. Also, what kind of documentation should i ask for as a proof of this discount. Is there any need to reverse ITC, noting that there was no pre negotiation.


Sonu Sahani
30 April 2024 at 10:32

Fixed Asset Shown in Stock Items

Dear Experts
i have one quarry regarding the stock item there are five stock item in tally prime which is entered in 2022 to 2023 and it was carry forward in 2023 to 2024 how can remove these items from stock because we we could not sale purchase in these items and because of these fives items my stock shown in tally to much



Mahesh S M

If we encounter a balance during finalization resulting from rounding off or writing off, to which account should it be transferred?


tandle dyaneshwar g.
28 April 2024 at 06:02

Events and transaction

Purchase of an assets is an event..... In which case?

Purchase of an assets is a transaction..... In which case??