when to make short and excess provision of expenses during the next financial year.

whether may be used interchangeable words in accounts
Vendor for Trade Payable
inward for purchase
outward for sales
input for receivable
revenue for income.

How to adjusted Profit /Loss of company and LLP.

How to adjusted advances given or receipt against purchase or expenses and income or sales.

what will be the treatment in the case of individual books
when only single single ledger is maintained , then no issue but
when Fixed or current capital maintained,
the how to make adjustment of profit /Loss or other transaction,

Freight Inward for RM Purchase
Freight outward for RM purchase return
Freight outward for Sales outward
Freight Inward for sales return,
My question is whether Freight inward and outward for purchase of Raw material under Direct Expense Freight Expenses
For sales outward and inward keep under Freight for sales under indirect Expenses.
is correct way to maintain books of accounts.

whether Journal entry in the case of individual can be passed while maintain his books of accounts
for LLP TDS, , TCS Advance Tax and self Assessment Tax

Firm Expenses Dr
To LLP A/c
and in the case of Tax Refund
LLP A/c Dr
To Firm Expenses
Is correct way to accounting.

Hi Sir,
Please let me know that how to record TDR transaction in Tally as well as effect of RCM / GST. suppose we are purchasing the same and utilizing the TDR in our site, then hoe to book TDR purchase & settlement of TDR transaction..?? please explain in details with tax effects.

Private Limited Company - Holds fund in LIC for Gratuity and have actuary consultant as well. Now the situation, the present obligation amount payable under LIC & Present obligation amount as per actuary consultants report are not matching.. huge variance.

is there any way to reconcile that.. we are able to match only the fair value of assets between LIC & Actuary consultants report.

Kindly help its very urgent. Thanks in advance

company "A" holds 33% share capital of "B" . Also directors of "B" are promoter of co. "A" and "B" .
do IND AS 110 applicable on co. "A".

please suggest