Amandeep Singh
27 February 2022 at 12:37

Cash paid labour charges

Sir,

Can we paid labour charges of cash Rs.30000 labour of cleaning and stiching loading of wheat Rice bags


Vaneet Monga
28 February 2022 at 13:55

STCG sale on Shares

Dear Sir,

We have buying and sale shares but it's not a main business. please suggest STCG is correct or wrong according to below.
Buying shares.
Share investment Rs. 18900
Expenses Paid Rs.130
Broker CR. Rs.19030.

Sale Shares.
Bank 19780
Expenses 120
Share investment 19900 CR

STCG 19780-19030= 750@15% 113/-












Daya

Any loss in partnership firm will be distributed to partner's capital account just like a profit . is it true.


Daya
26 February 2022 at 12:14

Loss how to distribute among partners

Loss of partnership firm how to distribute among partners, if there are profit sharing ratio is A-50%, B-40% and C-10% and Total loss Rs, 10,00,000
can i pass journal entry , and whether is true or false, please reply
A Capital Account Dr Rs. 5,00,000
B Capital Account Dr Rs. 4,00,000
C Capital Account Dr. Rs. 1,00,000


CA Parul Saxena
23 February 2022 at 17:07

CA Interview query

In an interview i was asked what is your role in finalization how you start your day...what should be the answer to this?


Suhasini Lad
23 February 2022 at 13:17

Journal entry for Recharge of Fastag

Dear All,

What will be the entry for recharge of Fastag for payment of toll charges. And also what will be the entry for payment of toll charges through Fastag.


Thanking you,


Amandeep Singh
23 February 2022 at 09:05

Share purchase sale Trading


sir

we purchase and sale some shares please suggest entry in books of account is correct or not and how to withdrawal STCG from sale purchase

Purchase entry.

Investment in shares Rs.14325 Dr. ( Investment)
Brokage & other exp. 20 Dr.( Investment)
SBICAP Rs.14345 Cr.( sundry creditors)


Sale entry.

SBICAP Rs.14682 Dr.(Sundry creditors)
Brokage & other exp 18 Dr.(Investment)
Investment in shares 14700 Cr.(Investment)

please suggest how to calculate STCG

Sir
purchase shares 14345/- and Sale 14682/_ Profit Rs.337/- STCG Rs.51 it's correct way



Suhasini Lad
22 February 2022 at 16:34

Purchase bill entry date

Dear All,

We are an LLP organisation. I have received a purchase bill of December 2021 month in the month of February, 2022. The bill date is 20/12/2021 and received for entry on 22/02/2022. My question is what date should i consider the purchase bill for i.e should i entry in the month of December, 2021 as on 20/12/2021, or can i enter in the current month i.e in the month of February, 22/02/2022.

As far as my knowledge is concern, i can enter it in the month of December, 2021 as i can claim the ITC till the filling of Annual return for Financial Year 2021-22.

Please clarify,

Thanking you.


Kollipara Sundaraiah
21 February 2022 at 20:02

Accounting entry and ledger names doubts

Sir,
A retaile pharmacy business gst registered composite scheme dealer sales of medicines to customers different types
1.sales of medicines in counter money through on cash mode
2.sales of medicines in counter money through on sweiping machine mode
3.sales of medicines in counter money through on google pay and phone modes
Question:
A dealer sales of medicines different transaction types cash received accounting entry passed procedure in books and
which accounting name create.


Kollipara Sundaraiah
22 February 2022 at 15:38

Accounting entry passed questions

Sir,
A gst registered pharmacy business dealer
Sales of medicines to customers amount from customers different types
1. Sales amount to counter money through cash received
2. Sales amount to counter money through on sweiping machine.
3 sales amount to counter money through on google pay and phone pay modes from customers.
Question:
Dealer sales of medicines different transaction accounting entry passed procedure in books






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