5 Year rent lease agreement made for business purpose warehouse.
Can this agreement total amount shown in balance - sheet as a liability to show as payable & same amount shown in asset side as fixed asset is essential as per accounting standard.

Is depreciation permissiable.
Or
Directly rent debited to P& L account, without showing effect in balance sheet.
Which is authentic method
Is accounting standard applicable, if yes, which No.

Sir / madam ...we have two firms A & B ...
We sold goods from firm A to party and party credited amount to our firm B , how to handle this and what will be entries ?

Can the following be capitalised - expenses incurred in a housing society
1) Bird net on shafts to prevent birds from nesting, prevent bird dropping etc
2) Paver stones replaced in one part of the area to plug leakages in the basement
3) fixing of tiles to beautify kids play area
4) Nets fixed in the play area to prevent ball from going out of the premises
5) UPVC partition for a basement room

Thanks in advance
An additional piece of information. Neither the basketball court ( where the net is fixed on the periphery over the surrounding wall , nor the kids play area wall are capitalized in the books of the society separately. With the underlying assets not capitalized is there a change in position of treatment
Thanks

Is remuneration to partners of partnership firm is optional or mandatory. Please clarify

Dear Experts,
We want to trf stock within state having same GSTIN, we issue delivery Challan as per rule 55 of CGST rule 2017 and generate ewaybill. Last time when we transfer stock, state GST department had jusrisction over issued notice to us stating reason that ewaybill generated sale in month......was excess than you declared the sale in aforesaid month.

My question is, how can we avoid this notice and what to do in this situation.

Thanks
ASAP

Ocean freight invoice date- 06/03/26
Bill of entry date- 11/04/26
Bill of lading date - 03/03/26
Ocean freight bill amount in USD
If we account for above ocean freight expenses
In INR from USD, which conversion rate to take.
Whethr Bill of entry or else & also in which accounting year account for the expenses.
Please guide
O

SIR

CAN ANY PROVIDE ME ABOVE SAID DTAIL IN EXCEL FORMAT.

KAPIL

Sir
Both companies are private limited. directors are same. if one company want to give its excess fund to another comany.is there any problem .kindly advice.

We supply good from India to UAE based customer on 5% incentive/Promo (off invoice) basis on sale. we Supply goods on Jan 26 and customer raise the incentive invoice in Feb 26 but now in April 26 want to book exp in our tally. please help what exchange rate we should take.
Sale Invoice date se
Expese Invoice date se
ye booking date se

Hello Everyone,

I have a sole proprietorship firm with Udyam Registration Certificate. I am developing a software app (library management system) in which I plan to charge monthly subscriptions from clients. I will be using Razorpay as the payment gateway.

Current situation:
- Udyam Registration Certificate available
- Turnover is zero (just starting)
- No GST registration (not required as turnover is zero)
- No Shop & Establishment registration yet

My queries:

1. Can I open a current account in PNB or Punjab & Sind Bank with only Udyam Registration Certificate as business proof? Will any additional documents be required?

2. Will zero turnover be a problem while opening a current account?

3. For Razorpay payment gateway integration, is a current account compulsory or can I use my personal savings account?

4. Is Shop & Establishment registration necessary right now or can it be done later when business grows?

Kindly guide me.

Thank You 🙏