1) When a 'Sales and Purchase' Transactions taking place and "Cr.Notes & a Debit Notes" are involved on both the aspects:- Where does this 'Both get's Impacted as Well as Appears' in our "Books of Accounts" like whether:- 'in Trial Balance (or) P & L A/c (or) Balance Sheet.........'?? What is the 'Entry' in the books of accounts ??

2) Secondly:- What will be the 'Effect and the Treatment in GST' Scenario ?? What should actually been done ??

Can "Anyone Please explain, respond on this Query as Early as Possible."

Be Safe and Take Care of You and Your Family.

Thanks and Regards

Dear Sir/Madam,
I created a data file and made entries for FY 2020-21 (E:\2020-21\data\10000) and also created another file and make entries for FY 2021-22 (E:\2021-22\data\10000) Both are the same company. How can i merge 2020-21 entries into FY 2021-22. Please guide me.
Thanking You
D.Ravichandran

sir
supplier charged interest for delayed payment of amount as below

interest payable 4368.23
cgst @14% 611.55
sgst@14% 611.55
cess 218.41

total payable by the dealer to supplier is 5809.74
please tell how to account for and creation of voucher


Thanks & Regards
srinivas a
accountant

9490024024

While preparing profit and loss account , whether the sales is including GST or excluding GST? What is the accounting treatment ?
In the same way when GST is deposited by firm into govt account ,whether it is an expense?

Dear All,
I started a small size restaurant. Registered with GST regular stream. How can i enter the raw materials like flour, oil, vegetables, fruits etc into Tally? I entered the sale bills in tally. Please guide me to solve this query.
Thanks & Regards
D.Ravichandran
Coimbatore

Sir If i received any sample item from a foreign supplier then How would be Treated in Tally.
Because
1. I don't have to paid something for the sample item
2. For iGST Input claimed Party has to be credited
Please help me out here.
iF I MAKE THE entry as follows,
Consumable Account ..... Dr.
IGST Account.... Dr.
Custom Duty Account ... Dr.
to IGST Payble
To Custom Payable
To Party account

But How Can be it my consumable.

Dear Sir,

please tell us HSN code of Interest on late payment.

Hello, everyone..... Good Morning.......

My Company incurred a big amount of contraction expense on rented 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

Dear Sir/Madam,

Good Afternoon!

Please Share Accounting Entry For Below Transaction.

We Have Export Plastic Recycling Machine Blades As Sample (Not Sale). Now We Have Send Material By Air And We Have Issue Invoice With Regular Sales Invoice number Invoice Value Is 250USD And INR 18,263.00.

So my Question Is How Can I Am Pass This Sales Entry (Because Its A Sample Material) And Also Can I Show This Transaction In GST.

Respected Sir/Madam,

Greetings for the day. How are you All ?? Hope 'All are you Safe and All should be going Well at you End ??

I need more 'Clarity/Information' on:-

1) When a 'Sales and Purchase' Transactions take place and "Cr.Notes & a Debit Notes" is Involved:- Where does this 'Both get's Impacted / Affects as Well as Appears' in our "Books of Accounts" like:- 'in Trial Balance (or) P & L A/c (or) Balance Sheet' and 'What is the Treatment given against this '2' Notes............??

2) What will be the 'Effects / Treatment / Rules' in GST' Scenario ??

Can 'You Please throw Me more Lights (Clarity) on this recent Query.........' ??

Request to "Treat it as most Urgent and kindly give your Valuable Reply."

Be Safe and Take Care of You and Your Family.

May God bless Abundantly, be with All and have Mercy on All of Us.


Thanks and Regards
S.Sugadeesh Kumar