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LCI Learning


Daya
09 September 2023 at 17:13

Journal entry of Capital Reduction

How to make capital reduction of shares in Individual Books ,
Capital reduction of Listed Co shares , earlier it was purchased.

and How to make journal entry of Delisted shares
in the case of individual, it was earlier purchased


Rupesh Gupta
09 September 2023 at 11:31

PLASTIC CRATES

Dear sir,

Please advise me,cost of plastic crates for raw & finished material use can be capitalised or not.


Aanand Jha
09 September 2023 at 10:48

Consolidation of Account as per Ind AS

If 'Anand Private Limited' is a 100% subsidiary of 'Mohan Limited' and 'Mohan Limited' is also a 100% Subsidiary of 'Jha Private Limited'. In that case which company is liable for Consolidation of Account. Only 'Jha Private Limited or both 'Mohan Limited and 'Jha Private Limited'.


PRATHYUSH SHETTY

Hi,why profit on sale of assets credited to p&l account when it is not a revenue receipt?


sunny kahandal
08 September 2023 at 19:43

CAR PURCHASE UNDER GST

I was purchased a car under gst and also pay registration stamp duty , fastag charge, etc can I consider all cost as a total car value and charge depreciation on it .


PRATHYUSH SHETTY

What is the journal entry for started business with goods .whether it should be purchase a/c debit to capital a/c or opening stock a/c debit to capital account?


RM....
07 September 2023 at 14:58

Credit card entry on behalf of friend

I paid Rs. 15000/- through my credit card on behalf of my friend.Also I will get cashback of Rs. 2000/- for the transaction.

what journal entries will be passed in Tally prime to record the transactions.

Pl. help me out


Naveen
06 September 2023 at 21:08

Freight Forwarding Company

Kindly share Accounting Guide for beginners in the field.


Prapti

Whenever a parter withdraws amount from firm or is providing loan to firm. How this transactions are approved, what is the procedure followed by partners? Can the partner simple withdraw the cash without notifying or approval from other partners?

If any partner adds a loan to a firm? Who and how it is approved? How it is documented? How much interest to be provided? What is the time frame of paying the loan back?

There is nothing mentioned in the partnership deed regarding this two aspects.

Help me understand the procedure of approving and documenting. Since as of now there is no proper records maintained


Raj Patel
06 September 2023 at 01:17

NPS contribution accounting effect in books

I wanted to know accounting effect of below transaction.
Employee from my company wants to deduct the amount from his salary and want to contribute this amount to NPS.
How do i show this transaction in my books?
Please advise 🙏







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