When two societies purchase a capital asset by equal contribution how to capitalise

a customer taking a two wheeler from a showroom by giving down payment for balance the customer arrange Finance co. The finance company released balance payment. How can we pass entry for such sale to customer in bike show room accounting

If the deductor hasn't paid the challan or filed the TDS return by the end of the financial year, should I adjust the TDS receivable ledger amount?

Dear Sir,

With respect to above mentioned subject line, request you to kindly let me know what precautions needs to be taken for maintaining Books of Accounts of an Entity after implementation of GST.

Warm Regards,
Aditya Ghatge

DEAR EXPERTS
IF ANY ONE PAID PURCHASE BILL AMOUNT INSTEAD OF BUYER & AFTER THEN BUYER PAID FULL AMOUNT THAT PERSON WHAT SHOULD ENTRY PASS IN BOOKS OF ACCOUNTS IN BUYER.

Thank You

Hi,
I am trying to make my personal balance sheet. I deposited 1,50,000 Rs. in PPF.
Now will this amount show where :
1. Drawings on Liabilities side as well as on Current Assets side.
2. Only on Current Assets side.

Similarly what will be the treatment for LIC Premium.
I have salary income.

A Private Limited Company have Capital redemption Reserve in their Liabilities, in case of that Company do get converted into LLP. now in balancesheet capital redemption reserve will be shown as what.

Note:we do not want to issue bonus share from Capital redemption reserve and do not want to use it in any other way,

let us know the way of treatment of capital redemption reserve in case of conversion of company conversion to LLP.

whether a company can issue Fraction of share in a share in India.
in the case of Jindal stainless steel Ltd. and Jindal stainless ( Hissar Ltd.)
In the case of merger or demerger.

Is it correct to categorize rounding off as an expense if it has a debit balance and as a current liability if it has a credit balance?

Please advise. I purchased a flat with another person for 30 lacs. Other person contributed 15 lacs, I paid 10 lacs and took a loan of 5 lacs over that flat and contributed. Now both contributed 15 lacs each. I am the one who is paying interest on loan. At the time of sale, can I claim this interest as my contribution in this flat and ask for more percentage?