What is store and spares And loose tools?

hi friends
I need ur valuable advise.

One of my colleague in my office, passed a journal entry in tally for audit fees payable by debiting audit fees account and crediting Mahesh & associates (Audit firm) A/c. He has grouped audit firm under sundry creditors so that it has reflected in aging report. My view is that the Journal entry should be as follows:
Audit fees a/c Dr.
To Audit fees payable A/c.

Kindly let me know which is correct.
Thanks in advance

W.r.t above would like to know the name of the ledger for expenditure Incurred on Registration of vehicle ( Company) it will go to Repairs & maintenance or license/ Registration fee

Kinldy mail ur response to:
atharparkar@gmail.com

Thanks & Regards
Athar

Human resource accouting is tool in Business- substantiate

Dear Sir,

As the company is facing some short term financial problem, it is borrowing some amount from one of its employees and from the directors. Is it mandatory that these funds should come to the company's bank accounts and then meet the expenses or is it ok if the payment is made directly by the director/employee to the supplier against items purchased by the company ?

Kindly clarify

Thank you

Deposit Payment and Received Entry in tally ERP

Can somebody help me on the below mentioned query:
I have a sole proprietorship business. I want to open a bank account in china.I am into business of teaching chinese language. I have to get books and accesories from china.can i get a bank account opened in china so that remittance become easy for business.

is it in coreect to debit loss on revaluaion to revenue reserve rather than p & l a/c.

WHAT WILL TREATMENT, WHEN GOING CONCERN WILL NOT APPROPRIATE DUE TO SOME EVENT OCCURRING AFTER BALANCE SHEET DATE?IS DISCLOSURE IS MADE IN REPORT OF BOARD OF DIRECTOR?

how much investments time become capital gains on its sales .