Hello,

How can books of account the nature of transaction like BILL TO SHIP TO. In this Transaction what is entry passed in material received party books of account.
Suppose A-B-C
A-BUYER
C-SELLER
B- GOODS RECEIVED in that case what is the entry passed in B- books of account

Kindly advice.

To
The
Experts
Does Valuation of gratuity by Actuary as per AS 15 is compulsory for every enterprise.

Our company is a 100% State Govt owned company and its capital base is Rs.15 crore and Turnover is Rs. 102 crore.
Can it avail exemption available to SME(as per 2020 definition of SME) sector from applicability of AS-15 in its ENTIRETY?
Regards
Abhijit

I am not able to find Estimated assumed raw material required on working capital for bank project report on operating cycle basis of a newly establishing garments manufacturing firm....Could anyone please help me with this??

I have an FD against which bank has given me OD facility of 90%
how do I pass the payments made against the OD account, will this affect the normal current account.
The bank will charge me interest only on the amount utilized.
Please help me in creating the heads of account in the books and its effects

Sir,
It assess friend rs:15 lacs amount transferred my (assess ) bank account credited.if some days after assess rs:15 lacs amount withdrawal pay to friend through on bank mode.
Friend rs:15 lacs amount used for site purchase purposes.
Question:
Assess above mentioned transactions treated in books.

A bearer cheque for Rs. 95000 is issued to an employee of a college for a flood relief programme organised by the institution's teching and non-teaching staff. It is the sum of money they promised to contribute, which would be deducted from their next month's salary. How does the transaction would be recorded in the books of accounts of the college?

One question related to blanket overhead rate ....
Assume there are two departments , dept. A ( absorbing overheads on Direct material cost basis) and dept. B ( absorbing overheads on direct labour cost basis). Is it possible to divide *total overheads of entire factory* by the *SUM of DM cost of dept A and DL cost of dept B* to get blanket overhead rate ? If not, why not ?

Suppose owner invest capital in business Rs 60000 .with this he has made huge profit of Rs 120000. In the same year we withdraw the amount of Rs 70000 which is more than the capital amount .what is accounting entry to be pass .

Sir,
Asses maintained private hospital two different places single proprietorship
2 nd hospital Fees collections amounts from patients through on online mode 1st hospital maintained bank account credited
Query:
Assess above fees collections from patients transactions 1st or 2nd hospital accounting books entry passed is correct procedure

Sir,
A doctor running a clinic two cities(main place and additional place)
If additional place fees collections amounts from patients through on phone pay main place bank account credited
Question:
Assess above fees collections transactions main place or additional place accounting books show procedure correct method.