Dear Sir,
In FY 2022-23 Assessment year 2023-24 Saving Bank account and FD bank account balance reflect in AIS form so assess can face any problem because he has 2 to 3 saving account and balance more then 12 Lacs. its not a one year balance its about 4 to 5 years balance. previous years his annual income is less then 2.5 Lacs so he not filed ITR but previous 2 years FY 2020-21 & FY 2021-22 to Contentious filed his ITR.
Hi,
i am working in a manufacture industry, we have corporate office , LC's are opening through corporate office on behalf of my plant, so we need to pass inter unit transactions. please advice me entries in this case from opening of LC to closing.
When Customer pays advance for procurement of Raw materials, the amount hits the company account and Purchase order is released by COmpany to vendor and the material is consumed equally in all months over period of 10 months. Whether the material to be accounted with value when received inside company. When the sale is done the material value is to be added to Sales and 10% of material advance to be adjusted in bill amount ? In this case is it essential to account the material with value upon receipt of same from vendor ?
For 2nd option, if Customer buys the materials and consigns the materials from vendor location, what should be accounting and billing practice.
In both options if the material to be valued in inventory and price adjustment to be done while invoicing ?
For 1st Option. can the customer advance ledger, Cash account and revenue account alone can be made use of without adjusting the inventory account ?
Which method is normal and correct ?
How to Maintain Foreign Bank statements ( Pons) In INR .
Maintain Day to day , Bank name is ICICI Bank.
A employee is submitting the expense reimbursement but in that he is not submitting the bills he is just submitting the screenshot of payments he has done , so can we accept this and if we can't accept this then please help me in which clause it is written that it is not acceptable.
I Got a bank statements in GPB but , But I have to maintain in INR , what is procedure to Take conversion rate while entering day to day bank statements in INR.
when interest accrued on FDR in Bank,
Monthly , quarterly or Yearly basis.
hi
real estate co
party book a flat rs. 4500000/- after registration snd stamp duty
party resale a flat another person half payment of flat first party pay
half payment first party say second party pay to you [ we do deed of confirmation ]
then what is accounting system
[ both party mutual standing payment part ]
I would like to know what all ratios to consider while analysing a balance sheet whether it is strong or weak balance sheet and how much the ratios should be?
Thanks in advance
As my company purchased water tank Rs.5000 , whether it is office equipment or F & F , or it is expense
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
Bank Balance reflect in AIS form