Hardware such as Paints, Nut & Bolts, Spanners, etc purchased under GST comes under which head in purchase ?
Direct Purchase Or indirect expense
Hello,
We are manufacturer & if we purchase Gloves, Face Shield, Safety Shoes, etc for factory workers' safety during the manufacturing process then which expense head should be debited ?
Pls. Help
what is rounding rule of Profit and loss account and balance sheet according to Scheduled III.
what would be the accounting group of advance payment or advance received for purchase or sale of capital assets according to scheduled III.
Pls is Biometric Attendance Machine an office Equipment or Factory Equipment
what is method of valuation of investment while preparing balance sheet according to scheduled III.
Freight expenses incurred to bring raw material, whether it should be added cost of raw material or should be shown separately.
what come under short term provision according to scheduled III.
which type of liabilities come under long term provision according to scheduled III .
Whatever the purchase made during the year for stock in trade will be shown as expense. Now to pass the closing balance journal entry for inventory account which account need to be credited.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
Tally Entry for Hardware purchased for manufacturing