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

If Mr. X Export Of Goods From India To Oman. Mr. X Received Ocean Freight Invoice Of USD. 800 From Mr. Y Which Are Located In Oman. The Freight Invoice Is Without GST. I Have Doubts Which Are Below

1) How To Pass Accounting Entry In Books
2) Can Mr. X Liable To Pay RCM On Ocean Freight.
3) If Mr. X Liable To Pay RCM On Freight Then What Is The RCM Rate ?
4) This Ocean Freight Invoice Treated As Import Of Service ?

How to know date of listed of any company . Is any method to know date of listed of company.