Accounts QnA [Resolved]

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Daya

This Query has 2 replies

25 January 2025 at 20:35

Whether Net profit or Net loss come in Trial Balance

whether Net profit or Net Loss come in trial Balance.

Daya

This Query has 1 replies

25 January 2025 at 20:15

Accounting group on 31st March

Dr or Cr. balance on 31st March of cash credit and overdraft
what will be the accounting group in the both case.

Daya

This Query has 1 replies

25 January 2025 at 20:08

Dr. and cr. balance on 31st March

whether interest on cash credit charges on monthly basis
Dr. Balance or Cr. Balance on 31st March, what will be the accounting group on 31st March.
What will be paper require for cash credit on monthly basis.
please reply

Daya

This Query has 1 replies

25 January 2025 at 19:52

Whether interest on overdraft charged on monthly basis

whether interest on overdraft is charged on Monthly basis.
whether may be on 31st March Dr. Balance or Cr. Balance.
And what would be the accounting group if Dr. and Cr. Balance on 31st March.

ESMAIL SITABKHAN

This Query has 1 replies

24 January 2025 at 16:29

Closing stock AS PER IND AS

closing stock can be shown in balance sheet??? or it has to go through p &L

Accounts

This Query has 3 replies

23 January 2025 at 12:18

REQUIRE PAYROLL REGISTER IN EXCEL FORMATE

Dear sir

PLS GIVE ME REQUIRE PAYROLL REGISTER IN EXCEL FORMATE

THANK YOU

Allauddin Patel

This Query has 1 replies

15 January 2025 at 13:19

Received in cash

Dear sir/ madam
We have given loan Rs 10 Lakh to one of our party through rtgs and shown in loan and advances later on we received the loan amount given in cash,
Can we accept this in cash?

Akshit Jain

This Query has 5 replies

14 January 2025 at 17:47

Joint Account Closure

Does closure of the "Either or Survivor" joint bank account require the consent of both account holders?

Swarup Paul

This Query has 3 replies

11 January 2025 at 21:13

Bill from receipant

I have started a proprietorship business and am paying an individual for freelance services on an hourly basis.

My concern is:

Should I issue her an Bill with my business logo and address, including my proprietor details, but mark it as "Bill Received From - [Her Name]" instead of "Bill To"? Is this valid?

Alternatively, how should I manage the documents for her payments?

Should I provide her with a payslip? If yes, how can I include hourly details in the payslip since she works on an hourly basis?
Please advise on the proper documentation process in this scenario.

Sreekumar J Pai

This Query has 3 replies

11 January 2025 at 16:07

Liquidation of a company- treatment of surplus ( negative) in preparing liquidators statement

company balance sheet shows surplus ( negative balance) on the asset side of the balance sheet. How it should be treated while preparing liquidator's statement?