Company Owner Purchase Gold Worth 1,50,000.00 For Personal Use From Company GSTIN . Then What Will Be Entry In Company Books

Can anyone please guide me regarding the journal entry for Interest on Loan during the Moratorium Period? As interest gets added to the principal outstanding amount, we can not claim it as an indirect expense under the profit and loss account. Then do we have to capitalise the interest amount as we need to balance the loan account as well?

Suppose, Mr. A is having proprietorship business working with his brother Mr. B. Now both formed a new LLP with equal share to carry all trade activities through it. The proprietorship is still active though. Now, the initial capital (5 lacs) of LLP have been brought from proprietorship's current a/c, which is to be shown as equally contributed by both in LLP books. How to pass entries in both firms regarding this?(whether to show it as loan or capital withdraw in proprietorship)

How do i record a journal entry for an invoice paid by our customer from foreign?.
Example My inoivce was $ 2780.00 and i received the payment from my debtor amounting $2773.00. I realised the shortage was due to the exchange currency. How do i record my journal entry to reconcile my account?.

Kindly let us know is there any change in audit format or the format of Financial statement of partnership firm or non corporate assessees

HAI SIR,
I AM WORKING SEZ UNIT, WE ARE 100% EXPORT BUSINESS.
I NEED SOME CLARIFICATION FOR BOOKING FOR SALES, RECEIPT & CONVERSION ENTRY.
1. SALES ENTRY :
CUSTOMER A/C CR $ 1,000/- @ 69/- = RS. 69,000/-
TO SALES A/C DR $ 1,000/- @ 69/- = 69,000/-

2. WHEN THE MONEY RECEIVED : CUSTOMER A/C DR $ 1,000/- @ 70/- = RS.70,000/-
EEFC BANK A/C CR $ 1,000/- @ 70/- = RS.70,000/-
DIFFRENCE AMOUNT RS.1,000/- FOREX GAIN ( THIS AMOUNT ACCOUNT GOES TO CUSTOMER A/C )

3.BANK ENTRY RELATED :
WE RECEIVED PAYMENT FROM CUSTOMER ON 01.07.2022 $ 1,000/- @ 70/-

WE ACCOUNT IN TALLY FOR BANK ENTRY :
CUSTOMER A/C DR $ 1,000/- @ 70/- = 70,000/-
EEFC BANK A/C CR $ 1,000/- @ 70/- = 70,000/-


EEFC TO LOCAL BANK TRANFER A/C.
EEFC AMOUNT CONVERT INTO LOCAL CURRENCIES.

EEFC BANK A/C DR $ 1,000/- @ 72/- = RS.72,000/-
TO LOCAL BANK A/C CR $ 1,000/- @ 72/- = RS.72,000/-

BALANCE RS. 2, 000/- EXCESS IN BANK BOOK .

HOW TO ADJUST IN BANK BOOK. WHICH LEDGER PASS THIS DIFFRENCE.
KINDLY GUIDE ME .

How do I recognise revenue under Ind AS 115 for a lifetime subscription fee received upfront (say 10k). The company has to pay some portion (Say 200) annually for the maintenance of such subscription.

1) I HAVE QUERY ABOUT BALANCE SHEET IF PERSON HAVING PROPRIETORY BUSINESS. WHETHER HE NEED TO BE MAINTAIN BOTH BALANCE SHEET SEPARATELY OR COMBINE BALANCE SHEET ???

2) AND IF HE HOLDING SHARE AND STOCK INVESTMENT THEN WHERE SHOULD BE MENTIONED IN IT. PERSONAL OR BUSINESS.

3) SHOULD HE NEED TO MENTIONED FLAT OR HOUSE PROPERTY IN HIS BUSINESS OR COMBINE BALANCE SHEET ?

NOTE HE IS HAVING ONE BANK ACCOUNT

Dear Sir/MADAM,

We want to convert Our LLP in to Private Limited Company .
As per LLP Agreements , We have transferred Losses for Previous 3 years To partners Fluctuating Capital .
But now We want To Transfer That Losses For Previous years To Reserve and Surplus from Partners Fluctuating Capital .

Can We give this Accounting Treatment Retrospective By Modifying LLP Agreement In Dated Fy 2021-22 ?

Request For Expert View Asap With Relevant Provisions For The same .

Dear Sir/ Madam,
I have some confusion, and want suggestion that-
(1) If we buy some goods (whether it is food or for other use) from the market and send it to our distributors as a surprise gift along with the goods sold (by placing them inside the box), what will be the proper billing procedure? And what will be its effect on GST? Can we do this or not? Please describe.
(2) I want to give scheme to our distributors as BUY 4 GET 1 Free- What is the billing/Accounting procedure under GST?

Thanks in advance-
awaited for your valuable reply