Hi,
I want to know how we can differentiate the UPI transaction which are cash back and the one we receipt payment from the customer.

Is it that when we receive the payment through customer the name of the party is written in the UPI transaction in the bank statement and in the case of cash back like G-Pay and Pay-TM, the Google pay and Pay-TM is written in the UPI transaction in the bank statement.

Kindly clarify the same, thank you.

I AM WORKING AS A ACCOUNTANT OF 2 SCHOOLS, 1 COLLEGE, 1 TRUST & 1 PERSONAL A/C. THIS ALL PROPERTY BELONGS TO ONE CHAIRMAN, AND HE GIVES HRA TO SOME OF THE STAFFS IN SCHOOL AS WELL AS GIVE HIS OWN PROPERTY FOR HOUSE RENTAL. THEN HOW TO MAKE ENTRIES IN SALARY OF SCHOOL & RENTAL ACCOUNTS OF PERSONAL A/C.?

I HAVE MAINTAINED 5 COMPANIES IN TALLY, BOTH COMPANIES WILL COLLABRATIONS WITH PAYMENTS, IF 1st COMPANY WAS NOT HAVING FUND TO TRANSFER THE AMOUNT TO SOMEONE, I WILL TRANSFER IT FROM 2ND COMPANY INSTEAD OF 1ST ONE. NOW IN TALLY HOW TO PUT ENTRIES IN 1ST COMPANY

Resolved and deleted.

I am charging dep on computer for 3 years
After 3 years the value of computer is coming to its salvage value.
Can I nullify the assets by charging dep on salvage value ?
e.g Yearly dep is Rs. 50 and after 3 years assets remains to Salvage value which is Rs. 5
so can I charge Rs 55 (50+5) as dep in 3 rd year ?

is mandatory to pay within 45 days to MSME entities. if payment made after 45 days , what will be the consequences. And whether it is mandatory to present in balance under Trade payable seperately.

whether above Rs. 5K should be capitalized.
And while payment in cash whether revenue stamp is required to affix on payment Rs. 5K. on payment voucher.

according to schedule III
accounting group for advance payment for CWIP .

is overtime part of salary and wages.
Is bonus grouped under salaey.

what is ageing schedule for trade receivable and trade payable according to scheduled III of balance sheet.