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
I am running a business of nursing home on rented property
Monthly rent is 30000
Should I deduct tds on above rent paid
Let's me know.
1. My friend taken import license on 2018 for import of goods.Is it need to take renewal every year.
Please advise
There are different rules in many places like I want to know how much in salary, to whom in cash payment, or in jewelry, vehicle purchase, etc., is there any such rule or not as to who has to pay how much.
may be any consequences of sort and excess provision of expenses .
when to make short and excess provision of expenses during the next financial year.
what is TDS rate on social media expenses.
Bonus paid to few employees in cash more than Rs. 10,000 in Diwali .
How to make entry in cash , AS per section 40A says that more than 10,000 can not be paid in cash,
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Credit profit and loss account in case of bonus share received