Hello, everyone..... Good Evening....... My Company incurred a big amount of contraction expense on rented factory premises and lease period is 3 years.
now my ques is how can I book these expense ...........
kindly suggest an appropriate accounting method........
thanks in advance

SIR,
interest income from fixed deposit and savings bank account income amounts treatment in books capital account transferred or profit and loss account transferred below two options.
1. It assess non business person.
2. it assess business person.

Sir,
Assess trial balance difference amount rs:4256.10 credit in books
Question:
Trial balance difference amount transferred to capital account or profit and loss account correct procedure.

Dear Expert,

We have taken Land for lease upto 5 year. We have entered agreement and the same need to registered.
We have paid Advocate Fees Rs 5000 and Registration charges 38000. As per IND AS-116, these costs should be included in the asset to find ROU.? If yes, all the expenses covered under " Lease A/C only or we account these expense in difference GL ( Legal Service & Registration Fees A/C ).?

Sir/Madam
If company has shifted to new place and incurred expenses on wiring related to computer networks like server installation, wiring etc. then it will cover under which Asset head????????????

ABD (Proprietorship Firm) received Land as a gift Value Rs. 50 lakh &Reg Fess Rs. 60,000/- from mother .

Please suggest : Following Journal Entries is Correct or Not. If No, Please Reply with Correct entry

1. Land (Fixed Assets) -- A/C Dr. 50lakh
to Capital A/C Cr. 50lakh.

IN BALANCE SHEET:
ADD 50LAKH TO CAPITAL A/C IN LIABILITY SIDE AND ASSETS SIDE : 50LAKH SHOW SEPARATELY.

2. Registration fees will be added to Value Of Land or Not ?
plz reply as early as possible

THanking You
Bikash Rai

Can anybody provide me the entries in tally of of future & option .

only contract with me . how to know expiry or settlement date .

& how to maintain shares in closing stock as on 31/03/2021.

Dear Sir

Please advise I have made FD in RS.500000/- in today and one FD Rs.850000/- will renewal in current month September. So these are high value transcation can it reflect in my 26AS SFT colum

Our Company issues Inventory Items to Contractors for execution of Capital Projects.
What should be the accounting treatment. Currently it is transferred to 'CWIP-Stock' on issue.
Is it correct to book it as 'Advance to Contractors'.

One of my creditor is showing a debit balance to the amount of his debit note(purchase return). The payments are already paid in full and no bill are adjusted can anyone help me how to post it in tally. If possible give journal entries.