Sir,
It assess some amount paid advance for fixed assets purpose in f.y.20-21.but invoice received and fixed assets purchase in f.y.21-22.
Question:
Assess above fixed assets transactions accounting treatment in books two years.

Suppose someone has generated the invoice with the value of Rs 49500.but they have forget to charge Rs 1000 as TCs. If he would have charged then the invoice value would be Rs 50500 and he has to raise eway bill for that .but now he has not raised eway bill bcoz limit is below rs 50 k .now what need to do ?

sir,
A individual status business person un accounting cash balance Rs: 50 ,000/- difference show in books.
cash balance as per accounting books rs:2 ,50,000/-
cash balance as per trade rs:3,00,000/-
Query:
A person how to adjustment procedure un accounting cash balance rs:50,000/- in books.

Sir / Mam

We are GTA . We are paying for bio- diesel on behalf of sub-contractors and adjusting it against their payments and not for own use.

How ever, the supplier of bio-diesel issues invoices in our name.
In our software, the daily consumption can only be accounted from supplier to sub-contractor.
We can see only the outstanding liability to supplier and the payments to be adjusted from sub-contractors.

As we are not eligible for availing gst inputs, We are not accounting the stock and not showing the expenses in books but We are accounting the supplier as creditor.

Kindly advise us whether this system of accounts is correct or not.

Thanks in adv

Is Good will of a company is considered in calculating the net worth of a company?

How a Good will is calculated?

If a company's net worth is 1 crore, how banks give loan worth of 10 crore?

Dear Sir / Madam
We have a branch office in Bangalore and we are paying expenses like rent salary and also creditors payment of Bangalore Branch office, from our Kolkata Head office Bank account. Please guide me about the Accounting entries.
Regards
Shomenath Pyne

We have purchases tally software. It is to be capitalised Or exp. Pls reason to be specified.

Sir.

We have made advance payment to exporter of UAE. And for making payment by bank to exporter they have deducted the conversion charges and some gst also imposed. Should I take the input credit of gst.

2.Is this entry put under indirect exp and what is the suitable to keep for this entry.

Regards

please help in accounting of rent of Mar-21 for which Tax Invoice Generated in
Apr-2021.
how should i do entry of invoice dated 15.04.21 for Rent of March-21.
Rent - 184500/- + GST-33210/- Total =217710/-

Thanks in advance

Sir, We Have Query Regarding , If We have Purchase Machinery From Dealer, But the Bank Disburse loan to Manufacturing Company . How We can Show / Book Entry of Loan account. & Whose Account Will be Credited.