Elbin

Hardware such as Paints, Nut & Bolts, Spanners, etc purchased under GST comes under which head in purchase ?

Direct Purchase Or indirect expense


Elbin

Hello,

We are manufacturer & if we purchase Gloves, Face Shield, Safety Shoes, etc for factory workers' safety during the manufacturing process then which expense head should be debited ?

Pls. Help


Daya
22 October 2023 at 13:00

Rounding rule of profit and loss account

what is rounding rule of Profit and loss account and balance sheet according to Scheduled III.


Daya

what would be the accounting group of advance payment or advance received for purchase or sale of capital assets according to scheduled III.


O' Michael Francis
21 October 2023 at 16:01

Biometric Attendance Machine

Pls is Biometric Attendance Machine an office Equipment or Factory Equipment


Daya

what is method of valuation of investment while preparing balance sheet according to scheduled III.


Daya
18 October 2023 at 17:23

Freight expenses for Raw Material

Freight expenses incurred to bring raw material, whether it should be added cost of raw material or should be shown separately.


Daya

what come under short term provision according to scheduled III.


Daya
15 October 2023 at 12:41

Under Long term provision scheduled III

which type of liabilities come under long term provision according to scheduled III .


Rahul Jain

Whatever the purchase made during the year for stock in trade will be shown as expense. Now to pass the closing balance journal entry for inventory account which account need to be credited.






CCI Pro



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