We have one situation and is described as:

Suppose LOAN is taken from PNB bank & is transferred to the Company's bank account- IDBI bank.
Later on, the loan is transferred to the owner's Saving account (VIJAYA BANK).


But EMI payment is being done thru company IDBI Bank account only. How entries will be done?



Eg.

MAIN COMPANY > LOAN from PNB bank > Get the loan from pnb bank > Amount is credited to the company's IDBI current bank account > Later loan is transferred to owner's personal saving bank a/c (VIJAYA BANK) > EMI is paid by company's current bank account till date.



A loan is taken 4 years back. Which entries need to be passed in Quickbooks/ Tally?

What is the meaning and difference between for book keeping account and cloud accounting and quick books.

I have proprietorship business and i have export services with GST tax invoices and i have received foreign remittance. So my question, is any tax applicable on foreign remittances
and any limit for receiving foreign remittance.

Respected sir/medam
wheather allotment of shares to a related party required to disclose as per AS -18 requirment.

Dear Sir
We have purchase to customer Meis License Tds is applicable not not ? if is applicable what should be tds under section and rate for tds dedicated ? if any notification

I am a salaried person ( No business income)
and preparing my accounts on tally from past few years
i know its not compulsory but even though i do so

so i am paying lic premium
but i want to know that whether it should be shown under investment or under capital

what is correct accounting treatment
i want fundamentally correct answer sir and the logic behind it

how to accounting PMGKy benifit

We have sent one defect (earlier imported) item to foreign supplier for repair under GR Waiver. Repair cost runs in to Euro 1. 70 Lakhs upwards- definitely giving this a new life.
Whether this is expensed to P & L Account or be capitalised?
AS 10 -ICAI Guideline, ((IAS-16--directly attributable costs--here must be additional probable future economic benefit associated with this subsequent expenditure that will flow to the entity.)
Kindly guide,
Regards,
Jayanta Bandyopadhyay

Dear Sir,

I WANT TO ASK A QUERY REGARDING TALLY- SALARY RELATED DURING LOCKDOWN
AS AN EXAMPLE ONE PERSON SALARY ENTRY OR ENTRY BEFORE LOCKDOWN

SALARY A/C -Dr. 65000
TO TDS ON SALARY 6761
TO AJAY SALARY PAYABLE 58239

MY QUERY IS DURING LOCKDOWN WE PROVIDE THEM SALARY Rs.35000 IN AJAY ACCOUNT BUT IN TDS RETURN WE DEDUCT Rs.6761/- FROM APRIL TILL JUNE 2020.
WE DEDUCT HIS SALARY ON THE BASIS OF LEAVES .
HOW TO MAKE ENTRY REGARDING THIS PLEASE SUGGEST UNDER WHICH LEDGER (UNDER LEDGER HEAD) WE WILL SHOW DEDUCTABLE AMOUNT.
SO THAT ACCOUNTS LOOK PERFECT.

I want to start the business as e commerce opertor. I will register the vendor on my site and the products will be choosen by the customer and will be deliverd as per the details of the customer. I will collect the amount and remit the balance deducting my commission. The all vendors are with in the state (registerd and unregisterd persons under gst).
what was the accounting treatements and what kind of books should be maintained?
and also what is the GST Applicability?