is correct way to find out capital of individual on 31st march
sales A/c Dr
Income A/c Dr
profit from firm A/c Dr

To purchase A/c
To Expenses A/c
To Drawing A/c
To Loss A/c
To TDS/TCS/Advance Tax paid
and Difference amount to be treated as capital.

and 2nd Entry on 31st march profit or loss to be passed
in the case of profit
Profit and Loss A/c Dr
To Capital A/c
in the case of loss
Capital A/C Dr
To Profit and Loss A/c

capital equal to which assets of balance assets.

i own a flat in mumbai - my building is going for redevolpment soon
pls guide how will my accounts be updated with all the rent recd/corpus/shifting
charges /extra area be accounted
pls also guide if the amounts received will be treated as income or not
what happens to cost of my flat which is shown in my balance sheet
thanks PLS GUIDE
THANKS

whether company /LLP can take GST input on mobile handset purchased for company. If GST input take then may arise any problem. please reply.

whether TDS under section 194J to be deducted inclusive of reimbursement of expenses, when professional charges and reimbursement of expenses received in same invoice. If any circular , please circular No. also.

invoice received against Material and labour in same invoice, is TDS deductible inclusive of Material,
Please reply any notification on this matter please mention notification no. also.

what Adjustment entry should passed on 31st March while finalisastion books of accounts of individual and HUF,.

Credit profit and loss account in case of bonus share received by firm or LLP
entry is
purchase of shares .01
To Profit and loss account .01
is correct entry.

How to determine cost of acquisition of shares on merger or de-merger.
Please reply.

WHICH ACCOUNTS ARE CREDITED WHILE DEBITING INVENTORY(finished goods and work in progress)ACCOUNTS.

Furthermore in the credited accounts the expenses towards inventory will get reduced the why is the need to show change in inventory of finished goods and work in progress in P&L