Dear Sir,
Greetings !
Our stat auditor has increased the closing stock with 50 lac at the time of finalisation of balance sheet under Change in inventory. our books of account does match with that amount. Please advise which entry should be passed into our books of accounts to make the number same.
Thanks in advance.
With best regards / Vijay

SIR, KINDLY MENTION THE DUE DATE OF TDS RETURN FOR THE F.Y. 2020-2021

Dear Sir

WE have Fixed deposit in a bank Interest on fixed Deposit approximately Rs.33200/- So bank will deduct TDS on interest or note. 2nd Can i need to sumbit 15G form in a bank. my annual income is less then 2.50 lac

Sir

We have issued a cheque to party on 26 March 2021 But same Cheque clearance from Bank on 03 April 2021. Now books balance and bank balance both are not matching please advise what to do in case we are using Busy Softwar

Dear Sir,

We have hire a driver in May 2020. His fix salary up to March 2021 is Rs.77000/- ( eleven month @7000/-)
below entry in books of accounts in march month is correct or wrong.
Salary Account Dr.77000/- Indirect exp. ( Driver Salary 11 months)
Salary payable Cr. 77000/- ( Current Liability)

Dear Sir,

We have got TAN number in April month. in previous month we have deducted TDS on 2 Party on account of Interest. Please suggest what is the process for next how to deposit TDS which reflect in party,s 26AS

DEAR SIR / MADAM,
My turnover is high when compared to previous year. The Gross Profit value more than previous year.
But the Percentage of margin is getting low when compared with previous FY. My doubt is gross profit arrived with value or percentage of margin value. Previous GP % is 12.36% but in this FY GP % 11.00 but the Gross Profit value is high. please explain which is important Gross profit value or percentage value.

Is there any limit for proprietorship regarding drawing? Can a proprietor pay salary to the employee from the drawings he made from his business and is there any limit for the same?

Hi,

Can anyone please suggest the best IFRS Certification course available currently? Would appreciate inputs from someone who would have already taken such certification course. Thanks.

hi, ours is small IT company. every month we used raise few invoices in foreign currencies. Earlier i used to get forex reference rate fro RBI site and convert the same for Invoice accounting purpose. But now a days, RBI is redirecting to FBIL site and i couldn't get reference rate for 31st March 2021 dated. How to account my 31st March 2021 invoices ? Can any one help me in this regard