What is the treatment in final accounts if goods withdrawn for personal use given inside trial balance?
I am having business of chips and kurkure, i purchased goods worth 100000 plus 12000 gst. Later on 20% chips packets became damaged (packets depuffed and rat cutting ) etc . My supplier has a policy to send the goods to wasteline co. And nominal value of goods received from that company and leftover reimbursement is done by supplier . 20000 is my damages and 1000 i have received from wasteline and 19000 from supplier . I am paying gst on 1000 also its my sale . How will i account for 19000 in my books and also guide me gst is applicable on this or not ?
Hello, Could anyone please help me on the below query
We received a bill amounting to Rs. 32000/- against Calibration Charges. The Calibration Charges were against Welding machine & Grinder machine.
Under which section & rate, TDS should be deducted 194 C or 194 J.
which type of expenses are allowed on cash payment basis.1
what are difference between
FDR's and Sweep In.
is TDS applicable on both interest received.
what are difference between Trade payable , Expenses payable and creditors.
When expenses payable to be reversed
In the case of statutory payment
In the case of normal case ( Trade payable or Expenses Payable)
why should check expenses payable during audit of last year expenses payable.
Hello
I have a registered supplier(our creditor) whose outstanding balance is 500000/- but we are unable to pay them full so we are settling their account on 350000/-..how to show this in tally and what would be gst credit impact...
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
Treatment of goods withdrawn for personal use