customer deposited excess cash against cash memo in bank, extra cash return to customer, then what are the entries in accounting books. Rs.100 cash memo, customer deposited Rs.110 in bank, Rs.10 cash return to customer

Under which head should company Driver's salary it be entered if driver is not on payroll?

Hello Every one

we have taken mon power service from XYZ party and pay against .
but in covid -19 pandemic govt pay one side PF amount and we were recover excess payment to that party......
now in which account recovery amount will be booked?????

I HAD PURCHASED A CAR VALUE 8LAKH . LOAN TAKEN FROM AXIS BANK LET SAY (5LAKH) BUT WHEN I CALLED FOR LEDGER FROM MY CAR DEALER AS CAR DEALER ACCOUNT IS NOT BECOMING ZERO.
I FOUND ONE THING THAT THEY DEBITED OUR ACCOUNT FROM ONLY RS.494700( AXIS BANK LOAN)
WHY THERE IS DIFFERENCE?

Hello,

After adoption of hedge accounting under Ind AS - exchange fluctuation on revaluation parked in OCI.
Will there be any impact of the same on Normal provisions or MAT considering Section 43AA of the Income Tax Act ?
Kindly note that, the above exchange fluctuation is on ECB loans used for purchase of imported/local capital assets.

If we took an unsecured loan of rs 5lakh @15%p.a in april-19 from ram. Accounting entry for
interest will be this
At the end of year
Interest Dr. 75000
To int.on ram's loan A/c 67500
To Tds payable 7500
Or credit to ram's account but if we credit to ram's account it will increase loan or principal amount.
Plz suggest how to do accounting

When is current investment treated as investing activity in cash flow statement

hello every one ,
last year we were done a expense and treated it as capital work in process but in current year the scenario is change, we want to include this expense in current year as expense.

how can we do it???
please help me.......

Dear Sir, We are the Manufacturer of Pharma products & we are working for a loan licensee on his behalf Now, I want to know the billing procedure to loan licensee. Means how to billed to loan licensee??? against manufacturing his products.
Thanks- Ikramuddin Saifi

While incorporating company i gave only 10k whereas authorised capital of company is 10Lack. Thus paid up capital is only10k. Can i increase paid up capital by simply transfering money into company's account to company account or i will have to fill some form also. And would this money be counted as income thus income tax would be required to paid up for this?