A project is going on in remote area where DG set is there to supply electricity and generator also.
There is a daily consumption of diesel for Rs.10,000/- per day.
In books of accounts under which head the expense of diesel will be booked?

The employees (both existing and retired) of the entity choose their respective medical insurance plans and pay the relevant annual premiums. They then send their payment receipts to the entity which reimburses the same to them.

While scrutinizing the insurance papers, it is found that the terms of plans of many employees may fall beyond the last day of the financial year viz. 31 March, 2026 (say the plan is from July, 2025 till July, 2026) while the reimbursements are made in July 2025 itself on production of evidences of payments made by the employees.

Query :
In such cases, while accounting for the reimbursement payments for a particular financial year, is it necessary to segregate between prepaid and current year's expenses in the books based on the plan period even though these are one time reimbursement payments made within the financial year 2025-26?

Thank you and best regards

Cost of material consumed and
Changes in Inventory

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.