Sir, I am working in a restaurant and a new branch has been opened .There are interior works and some glass works done. In that case how should I treat the expense. Does that come under fixed asset?

Hi,

One of my clients provides services to foreign entities and the rates are agreed at foreign rate.

While passing accrual entry whether it should be in local currency or foreign currency and then convert it into local currency.

Also if i am recording the accrual entry at foreign currency then while reversing it there will be a exchange fluctuation (even though it will be very minimal), what should be the treatment and also is the fluctuation which is notional in nature allowed as per the Income tax act.

please share relevant documents or references if possible.

Hello Sir / Madam,

I'm an Accountant in a Pickle Company, in 2017 - 18 Sales Register Shows 94,33,863.30 But as Per P&L a/c it is 84,26,245.11 I Couldn't find the where the error has occurred, So I Need your Guidance regarding where should i Look after to find a Solution & I want to Find the reason for that Differences

I Have One More Doubt, Credit Note will come under which head, Because it affects the sales value in P&L but in Sales Register Such a value is not coming , so I Need your immediate Guidance

In Tally under which head Partner's Remuneration will go?

Dear Sir,
We need your suggestion we don,t have any consultant.
please suggest below entry in tally is right or wrong

Total Tax as on 31 March 2018 79320/-
advance tax Paid in Dec 15000/-
Paid in March 50000
Total Paid 65000
Self assessment payble 14320-00


Entry in Tally 31.03.2018

Capital A/c 79320-00 Debit

Provision for tax 79320-00 Credit


Provision for tax 65000-00 Debit

Advance tax 65000-00 Credit

In GST regime ITC allowed on demo cars for automobile dealer . ( car dealer )

The Gross value of plant and machinery is Rs. 400000. As on 31st March 2009, the depreciation reserve of plant & machinery was Rs. 100000. Calculate depreciation as per SLM @ 10% and pass the journal entry as on 31st March 2010.

What will be Accounting Entry for this.??

DEAR FRIENDS,

PLEASE SHARE ICICI RTGS FORMAT IN EXCEL

THANX IN ADVANCE

I am dealing in sale of tractor and spare parts. we charge labor charges separate in sale of spare bills.
what is the labor charges entry and it is our direct income or indirect income.

Does Year end provisions should include GST component? If yes, we can't take ITC without having invoice in GST...