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.
Treatment of Provision for depreciation
what is accounting journal entry of provision for depreciation and also accounting group of provision for depreciation.
why provision for depreciation is created instead of Depreciation.
Company why creates provision for depreciation.
Changes in inventories shown in profit and loss account
How to present changes in inventories in profit and loss account according to scheduled III
In the case of Negative figure.
Profit or loss shown in balance sheet according to Scheduled III
how to present Loss or profit in Balance sheet
Loss treatment
Profit Treatment
Employee Benefit expenses scheduled III
Employee benefit expenses according to scheduled III
which type of expenses shown in scheduled III under employee benefit expenses.
Finance cost in Profit and loss account
whether any type of interest paid
Like Interest on loan
interest on delay payment of tax
should be shown under Finance cost.
Costing p&l account
hello,Under which head is abnormal loss shown in costing p&l account?
Profit transfer to partners
How profit transfer among partner
Profit after tax or Profit before tax.
Accounting entries for foreign currency for Business tour purpose in books of accounts
I had purchased Yen from Forex company and Give it to our director for visit to Japan. Now he will return me Balance Yen with his expenses details. Please guide for the accounting entries for all the steps as mentioned above.
Ratio-Total Debt to Total Net Worth
While calculating Total Debt to Total Net Worth ratio how to arrive Total debt.
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- Tds on commission charges
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Salary from Qatar in Dollars in India
- Tax rate change regarding
- Renovation exp. in flat by family member
- GST Intimation due to Government took possession of Business Premises under PPE Act
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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Accounting enteries for inventory stock in trade