If one company have unit 1 in Ludhaian other in HP. Unit 1 trf. machinery WDV Rs. 15,00,000/- trf to HP unit for Rs. 20,00,000/- under GST. Then unit 1 will book profit on sale of machinery and unit 2 will book the machinery at cost rs. 20,00,000/-. whether this treatment is coorect as per accounting ? please suggest

Hi everyone, While going through annual reports of some companies, i have noticed that the amount debited from profit and loss statement for provision of doubtful debts is less than the actual provision created( as seen as a deduction from trade receviables). I wanted to know what are the possible cases when such a thing can happen.

Thanks.

In tally schools account admission fee and other fees should be enter in which voucher,
I firstly entered it in sales voucher and when payment received I pass in receipt voucher. But when i take admission fees as direct income in ledger this entry is not pass in sales voucher that should i do.

Dear Sir,

I am a Whole seller trader. i purchased material and sale to different dealers. sometimes when i sold material some damaged part stands in my books and i transferred it to shortage & Surplus. but his Quantity remain stands and now he is increasing. So, i want to know about that can i book a loss in Profit and loss account for it?

is it possible or not?

if yes....

Then please clear the matter how can i treat this loss in my books. also suggest the entry.

Hello dear Expert I got GST Practitioner user id or password but when I'm trying to open it message shows that user Id or password is invalid so what should I do

Pls tell me journal entry of gst in books of accounts under composition scheme. Suppose i have made sale of Rs 10,000/- and deposited gst of 1 of Rs.100/- then wht should be debited or credited. Where gst will be credited against.

Hi ,
I want to know about receipt voucher formate in case of receipt voucher issued before invoicing

can we add VAT seperately in this receipt voucher or not .

Thanks

Dear Sir,
We made one sales invoice on 01/02/18 @ 250 but actual value is Rs.1,000.
To rectify the mistake Party insist us to raise credit note for Rs.250 and want a new invoice in current date for Rs.1000.
Please give the suggestion as early as possible.

Dear All

I want to know about depreciation rate or charges on fixed assets. below condition are applicable.
our firm purchase fixed asset on the month of begining of the mar-2018. we charge 1 month depreciation and how we calculate depreciation on machinery computers ac , furniture etc.
Please help all concern persons.

Thannks in advance to all .

regards
chandan
9803628536

Dear sir
I need some clarification list out below please give any one solution..
we close the one account for bad debts entry passed to close the account due to customer not give the money, so we close the account in last financial year. But he sent the amount in this financial year how can I adjust the amount .