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Daya

Profits that have not been distributed to shareholders as dividends but that are retained and used in the company's activity . They form part of the shareholders' funds of a company.
Is shareholders funds distributed after Corporate tax and or any other tax.


Daya

what is returns to Fill MSME payment date.
Due date and it is mandatory to fill by company and LLP regarding payment of MSME.


Vipin Kumar Sharma
26 June 2023 at 15:47

ENTRY OF SALE OF FLAT IN TALLY

DEAR SIR

MY PVT LTD COMPANY PURCHASED A FLAT ON DATED 06.03.2010 OF RS 1,44,60002.00
AND SALE THIS FLAT ON DATE 07.09.2022 OF RS 1,70,000,00.00 SO PLS LET ME KNOW WHAT ENTRY I PASS IN MY TALLY AND WHAT WILL BE CAPITAL GAIN

THANKS IN ADVANCE


Shivam
25 June 2023 at 09:29

Capital account of proprietor

I viewed a sole proprietor's capital account, in that account there were following credits
By amt tfd th. Neft/lic
By lpg subsidy
And following debits
To amount of rmf transfered as per c/c act
To amount tfd as per c/c account (nippon)
To cheque no***/star health insurance
To cheque no ***/ lic
To advace tax
To income tax...
My queries :-
Why are there these things of personal nature like lic, income tax, star health insurance, lpg subsidy, investment in rmf and nippon credited or debited in business capital account....
If they are shouldn't they all be shown as withdrawls or additions...because they are not concerns of business...
And i assume c/c means cash credit how can it be used for buying rmf and nippon mutual funds, isnt it granted for working capital purposes, shouldnt it only be used for business....
What does individually these entries mean like how come lic is paying him money, if a policy matured or what and how come it is being brought into books it is personal, same with lpg subsidy...
Shouldnt income tax be paid by him personally and profit from this business shown under pgbp but he debiting the same in business books...
What the deal with advance tax....


Daya

what is difference between Fixed capital and Current capital in LLP.
And also Share in Partnership Firm .


NIKITA

Sole proprietor has not recorded some investment made earlier(many years ago when balance sheet was not maintained). Now upon redemption, he wants to record the investment in books since interest income is appearing in AIS. How to record redemption entry? Principal and interest amount is credited to bank


Gavin Benjamin
23 June 2023 at 17:18

Dd accounting entry

Dear sir

Please guide as to the accounting entries to be passed in case of the following situations

1) issued yourselves dd to cheque to bank for preparing a dd of rs 5000 in favour of xyz ltd.

2) dd issued to xyz was returned by them


Arun Baid

My Mother in Law gifted me 10 shares of TCS on 30/05/2022. what journal entries has to be made to record the this transaction in both our books . Please also let me know what entries to be passed in tally for the same in both our books of account.


RAVINDRA KUMAR
22 June 2023 at 12:36

DEPRECIATION ON LOSS OF ASSET

WHAT TREATMENT OF DEPRECIATION SHOULD BE MADE IN CASE OF LOSS OF TRUCK DURING YEAR-2022-23 IF THE TRUCK WAS PURCHASED IN YEAR-2018-19 ?


aarya
20 June 2023 at 17:40

HOW TO PAY TDS ON PROPERTY

NEED TO PAY TDS ON PROPERTY , AT NEW SITE WHRE CAN I GET FORM ALONG WITH 26QB







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