what is journal entry of income tax refund .
whether income tax refund ( Total refund Minus Interest income on income tax refund) should be distributed among partners according to profit sharing ratio.

Treatment of opening stock and Closing stock
In profit and loss account and balance sheet while preparing profit and loss and balance sheet.

Hello,

Please guide as on we are paying the amount of Rs. 60000/- for Verification & Stamping of Weigh Bridge is there TDS applicable. If yes then what should be the Rate and Section.

Thanks,

Our company is new established and due to no bank account amount is paid and received by old company on behalf of us how to treat in our and their books of accounts also.

What accounting entries need to be passed for finished good for agricultural produce. Most expenses related to produce like fertilizer, seed and administration overhead that are directly linked to produce cannot be computed because of the complex nature of organization.

How to expenses bifurcate regarding Trade marks
Capital expenses and revenue expenses.

what is TDS rate on Technical testing,
is TDS Deducted u/S 194J and TDS rate is @ 2%.

Expenses incurred regarding trademark for Documentation and stamp duty , should be capitalized or not.
or should be booked as Documentation and stamp duty expenses.

I am working in manufacturing company of medicine and want to know under which account head following expenses will go
1. bought soap,dustbin, toilet cleaner, brooms for factory area cleaning
2. sale of scrap of packing material.
3. paid for LPG gas (using for making tea).
4. Purchase items for repair & maintenance of machinery on credit, what will be the voucher type for this. (Purchase 0r Journal)
5. Purchase some stationery on credit, what will be the voucher type (Purchase or Journal)
Please help me out.

What is the treatment in final accounts if goods withdrawn for personal use given inside trial balance?