Dear Experts,

For our Gratuity the plan assets is LIC. So we make contributions every year and the amount is reduced from our Gratuity provision in Books. Now, One employee transferred from Group company to our company. So the gratuity of his is transferred to our LIC Account. Now, the LIC Fund statement shows the premium received is Rs 39 lacs paid by us from our bank account. And the gratuity of the employee Rs 2 lacs is also shown as premium received in LIC fund statement. The issue is for the 39 lacs paid, we can pass entry as

Gratuity provision A/c Dr Rs 39 lacs
To Bank Rs 39 lacs

But for the employee's gratuity amount Rs 2 lacs what entry should I pass in books. The Actuarial Valuation report shows that the total employer contribution is Rs 41 Lacs (Rs 39+Rs 2 lacs).

I will debit Gratuity provision with Rs 2 lacs but what ledger should corresponding credit carry. Our company follows Accounting Standards.

Dear Sir/Ma'am
I need format of Balance sheet and profit loss Account of business of Printing Press(Proprietorship).
Business is very small turnover(Below 20 Lakh).

Anyone can share this format.

Closing stock in trial balance shown in which side ,
Please reply with Logic.

How to present in balance sheet as per scheduled III and under which head
Excess received from Trade Receivable or excess paid to Trade payable.

Advance paid and received against Property plant and equipment ,
how to present it according to scheduled III of company Act.

How to present in balance sheet as per scheduled III of company act
Excess paid to Trade payable and excess received from Trade receivable,

Is it EBITD or EBIT to apply the formulae.

A company is in the process of listing with BSE & NSE

It pays specified amount with SEBI,BSE & NSE.

How these transaction amount can be accounted?

How these listing fee can be accounted with the books of accounts?

Can it be accounted as below:

Listing Fees Dr
Preliminary Expenses A/c.

Also these preliminary can be amortized for next 5 years after the IPO process completion.

Please clarify

Dear All,
While finalizing the Financial Statement for the Charitable Trust for the fiscal year 2024-25, I observed that certain corpus funds, which were transferred to income in FY 2023-24 and reported in the Income and Expense statement last year, have now been moved back to the Corpus (General) Fund. This adjustment has resulted in these funds being reported as a balance sheet item, thereby increasing the General Fund.

Is it acceptable to present the financials in this manner for the current year? Last year, this same fund was classified as 'Other Income,' and the net surplus was added to the General Fund (Balance Sheet item). This year, the auditor has reduced the value of the last years closing General Fund balance and subsequently added last year's income back to the Corpus Fund.

Thank you in advance for your guidance on this matter.

Dear Sir,

Please guide - Which amount to be considered for Fire and Perils Insurance of Assets:

1. Gross Value (Actual Cost)
2. Net Value (Gross Value - Depreciation Value)

Thanx