Hi,why profit on sale of assets credited to p&l account when it is not a revenue receipt?

I was purchased a car under gst and also pay registration stamp duty , fastag charge, etc can I consider all cost as a total car value and charge depreciation on it .

What is the journal entry for started business with goods .whether it should be purchase a/c debit to capital a/c or opening stock a/c debit to capital account?

I paid Rs. 15000/- through my credit card on behalf of my friend.Also I will get cashback of Rs. 2000/- for the transaction.

what journal entries will be passed in Tally prime to record the transactions.

Pl. help me out

Kindly share Accounting Guide for beginners in the field.

Whenever a parter withdraws amount from firm or is providing loan to firm. How this transactions are approved, what is the procedure followed by partners? Can the partner simple withdraw the cash without notifying or approval from other partners?

If any partner adds a loan to a firm? Who and how it is approved? How it is documented? How much interest to be provided? What is the time frame of paying the loan back?

There is nothing mentioned in the partnership deed regarding this two aspects.

Help me understand the procedure of approving and documenting. Since as of now there is no proper records maintained

I wanted to know accounting effect of below transaction.
Employee from my company wants to deduct the amount from his salary and want to contribute this amount to NPS.
How do i show this transaction in my books?
Please advise 🙏

Pls Kindly suggest me & be obilize.

Thanks

I have hire a mechanic for some welding and construction work in shop for till the work end and I am daily paying him an amount as per day he charges and also made expense for their transportation and food.
Can you explain it is direct or indirect expense an how to make its entry because he is hired for temporary period for shop renovation.

shares received on demerger by an individual , How to make journal entry in my Books Aarti Industries Ltd Right now having 9 Shares
Record date 20-10-2022 , shareholders will get one share of Aarti Pharma labs for every four shares they hold in Aarti Industries.
Can i Pass Journal entry on receipt shares on demerger

Purchase of shares Dr. .01
(Aarti Pharma Labs 2 shares)
To Capital A/c Cr .01