Hello Sir/madam,
Whether Tools and Equipment's having purchase value of less than 1000 should be capitalized or expense out.
what should be the criteria for capitalizing such asset.
thanks in advance!!!
While I am preparing P&L, Balance Sheet. i have one doubt. Whether Sales and Purchase value includes Vat/cst/Gst amount also or only Gross value of that Purchase or sales?
can we use security premium reserve for creation of CRR in case redemption of preference share
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Can a composition taxable suuplier make intra state supplies in B2B format.. wht wl b the position of another trader making purchase frm that dealer..
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bank loan account got classified NPA for a small amount short of RS.140 that to due to Mistake of bank as the loan holder paid the AMT demanded now the bank is asking to pay whole loan amount advice
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how can calculate the net-worth.
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Our home currency is INR and and my company maintaining USD account also and when we recieved dollor from our client directly in usd account then on which rate i should take to enter transation
When we are pay to supplier from after recieving the dollor from usd account then what rate should take to enter the transation
I issued a sales invoice on 1st September 17 for Rs.25000/- and buyer returned goods on 5th Sep. 17
in that case which note to be issued by me to record sales return...Credit Note or Debit Note?
Upto What amount in company we can purchase by cash ? What is the limit for cash purchase per day.
As per GST & Income Tax act upto what amount we can purchase by Cash.
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Capitalization of tools and equipments