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Daya
23 December 2023 at 13:06

Negative figure in Financial statement

where may come nigative figure in Profit and loss account and balance sheet.


Accounting Solution

Dear Sir
Please provide Tent House Balance Sheet & Profit and Loss account.

Thanks


Mahesh Jadhav
21 December 2023 at 19:13

Life of Projector

Hello All,

I want to calculate the dep on Projector as per companies Act.

So need a estimated life of projector.

Can I consider Projector in Plant & machinery by assuming the life of 10 years ?


CA Anmol Grover
21 December 2023 at 11:20

Freight Paid for Purchase Returns

Which account will be debited in case of freight paid for transporting goods returned to supplier(Purchase Returns) in the books of the buyer.


pranit sockey
20 December 2023 at 23:03

Passig of journal entry

A civil work bill raised amounting of RS 100000/- but the bill was settled for Rs 950000 as Full and final payment. shall the difference amount shown as discount received. What is the journal entries


Harsh K

During import of goods, we receive invoice from CHA containing their agency charges and other charges which are included in GST. It also has Receipted charges from third party service providers which are billed to me but paid by the CHA. In this case, how should I do entries in Tally for the same?


Vijay Kumar
18 December 2023 at 19:27

Freight charges in Sales Invoice

Dear Team,

Good day to All,

Could anyone please advise how to account freight charges shown in the Sales Invoice generated by my firm.

Example: Sale of FG 100
freight 05
Total 105

Can I consider Total sales value as 105 or should I take 5 (freight charges) into COGS.

Please advise and do the needful.

Thanks and regards,
V B Vijay Kumar


Francis George
13 December 2023 at 16:46

Regarding RCM applicability

Hello, Please help me on the below query

A proprietor receives service from a sub contractor who does not have a GST registration. Would this service received attract RCM?

Will I have to pay GST as RCM for this kind of services?


sridhar

Dear sir/Madam,

I need help of your, I have to handle and mange account Account payable and Receivable of Accounting in excel format for weekly reprot.

would you help to provide best format in excel for handle expenses and income day to day


Daya

what is under inventories on 31st March
Bought out goods and stock in transit







Answer Query