what are differences between
Current Capital and Partners Capital regarding LLP Firm.

How to present profit and loss account
Changes in Inventories
Cost of Material Consumed.
Whether only can show Cost of material consumed show or Both show in P/L A/c while preparing
profit and loss according to schedule III.

An honorarium of 25000 p.m. to an officer posted in branch office is paid after recovery Rs. 200 towards Prof. tax and remitted to Head office and receive reimbursement for the payment made. what is the entry to be made in accounts of branch office and in ledger in HO accounts please.
kindly guide

Dear Sir, please help clarify this question.

An Associate lawyer, working for a law firm (XY) had travelled to other cities for a client work on behalf of the firm XY. The amount (for tickets, hotel etc.) he had spent from his pocket are being reimbursed by the firm XY. Now, my questions is, what should i raise to the client for these expenditure, will it comes under debit note or normal invoice?

Hello, Could anyone please help me on the below query

We receive a service of Renting and leasing of machinery, equipment from a partnership firm tothis service the firm charges Hiring Charges & issued one bill on July amounting Rs. 249958/-(Basic amount-211829/-) to which TDS was not deducted.

Now the party has registered as a MSME & provided Udyam Certificate registered on 16.09.2023.

Should we deduct TDS in there upcoming bills?

One of my Clients doing Jewellery Business. We record the purchase invoices in tally. purchase invoice includes hallmarking charges. how to deal with the hallmarking charges in tally?
Please Clarify the above issue. Thank you

Cost of material consumed
changes of inventory
while preparing profit and loss account.

is inventory and stock is same thing according to schedule III.

what should pass adjustment entry in the case of Pvt. Ltd. according schedule III Like Profit and loss account and balance sheet Inventory or stock.

whether every year should pass
DTA and DTL adjustment entry in the case of Pvt. Ltd. company.