hello friends
if a real estate developer has received compensation from government towards compulsory acquisition of land so whether this compensation is indirect income or deduct from cost of inventory ,????

Does anyone have a format of financial statements ?

How to know the name and address through Pan Card

what is difference between clerical mistake and Typo error.

what is purpose to make CMA data.

Dear sir,

i need to learn / update my self for cost control and preparation of budgets for the company,

please suggest for books or online couching ...etc

Dear Sir

LLP Wants to convert in Private Limited Company .
Losses Incurred Till Now From Incorporation are transferred to Fluctuating capital of Designated partner .But Now LLP Wants To Transfer Losses of Current year as well as past years To Reserve and Surplus account and thereby carry forward To Private Limited Company books .

Can it be done or Any specific clause are available ?

Dear All,

We are an LLP Organisation. We do CCTV installation and pay labour charges for the same. The firm installing the CCTV give us an invoice without GST. My question is should I create an account in the name of the person issuing invoice or simple the labour charges paid as expense will do. i.e,
Should I pass the entry as :

Labour Charges Dr. XXX
To Cash/Bank Cr. XXX

Or should I create a ledger in the name of party issuing invoice For ex. If suppose we purchase labour from R C Image Solutions, so the entry will be :

Purchases Dr. XXX
To R C Image Solutions Cr. XXX

And on making payment, the entry would be:
R C Image Solutions Dr. XXX
To Cash/Bank Cr. XXX

Please provide the suggestion.
Thanking in advance.

Processing Fees for CAR LOAN, is it comes under Finance Cost? , or can we capitalized it with car cost? OR comes under some other expense head?

what is difference between
Accounts receivable
Accounts payable
Trade receivable
Trade payable.