Accounts queries [Resolved] [3]

All Resolved Open

Daya

This Query has 1 replies

03 November 2024 at 15:50

Accounting treatment for Fixed Assets

Advances paid against making building but some services not received due to cancel of contract , what would be the treatment for not reeving amount given as an advance from party, whether it should added to building cost or write off it or may be other way.

Daya

This Query has 1 replies

03 November 2024 at 00:18

Interest on CC or Overdraft

what is nature of interest of cash credit and overdraft,
is revenue expenses or capital expenses.

Daya

This Query has 1 replies

02 November 2024 at 23:35

Interest on car loan treated as revenue expenses or capital expenses

whether interest on car loan treated as revenue expenses or capital expenses.

Daya

This Query has 1 replies

02 November 2024 at 23:18

Is correct entry for FDs

whether these entries are correct
For Making FDS
(1) FDs A/c Dr
To Bank Account
(2) on Accrued interest on FDs
FDs A/C Dr
TDS Receivable A/C Dr.
To Interest income on FDs
Accrued interest added in principal amount
and reeving on principal amount and interest
Bank A/C Dr
To FDs A/C.

Daya

This Query has 1 replies

02 November 2024 at 23:04

Interest on public Provident Fund

whether interest on PPF accrued to be added year wise in principal amount until PPF is not received. and whether interest on PPF is taxable year-wise.