It's a partnership firm engaged in the business of Real Estate.

Involved in purchase and selling of plots.

In the process Firm has paid stamp duty to the Govt. through Challan by way of cash from outside the books of account for execution of sale deeds in favour of the Firm.

Similarly for execution of sale deeds in favour of customers by the Firm.

In other words the entire stamp duty was paid by way of cash from outside the books.

Now my query is how do I account for these expenses in the Books of A/c.

Can I debit the expenses in P& L and credit the amount to Partners Capital A/c.

Plz advise me.

Amount received in cash for foundation of trust how to show in accounts or by which name

Dear All
Our company is selling products online from our self online portal. We record sales when items delivered to customer. Suppose goods are dispatched on day 1 and delivered on day 5 then we make sales entry on day 5. My question is how we adjust stock on day 1 at the time of dispatching the order in tally bcz sales is recorded on day 5. Please reply.

Dear sir /madam,
I started proprietorship concern in sep 19. I have maintaining my accounts transaction in tally. I already have a balance in my savings account of RS 140000.00 in Aug 31 . My doubt is shall I consider this amount as capital account or else. I cannot make the opening balance. Please suggest me sir

As defined in 'complete set of financial statements comprises' one item includes ''balance sheet as at the beginning of the earliest comparative period when an entity applies an accounting policy retrospectively or makes a retrospective restatement of items in its financial statements, or when it reclassifies items in its financial statements''......in this why balance sheet at ''beginning of the earliest comparative period'' is to be considered & why not ''end of period''

Dear All,

We were using one laptop for almost three years and provide the depreciation in books as per our company policy. Three days back some one stolen from office.

Since we have outside security agencies hence mangement took the decision to purchase the new one and debit all the money to security agencies

Pls help me with the accounting treatment for stolen assets as well as purchase the new one and money recovered from outside agencies

Dear Sirs
I am a retired chemical engineer and I just started using a bookkeeping software for my business accounting. I have a query.

I purchased a website of my own by paying Rs 5000 to Godaddy.com. Also I paid Rs 20000 for developing the contents of the website. Some of the 5000 Rs will be good for 2 years after which annual renewals and payments will be required to keep my website alive. I am registered with GST also.

1. How should I show this in the accounting books. with regard to each of the payments.
2. How much depreciation is to be taken as per existing rules.

Please guide me. Thanks
R.Muthukrishnan

Dear sir

I need to create the ledger of Shrre Ganesh Je Maharaja Rs.1.25/- But i am unable to select group so please requeest to in which group in create the same ledger

Dear Professional Colleagues

Some of our clients forgotten/unknowing to deduct the tds from the creditors but after we find, then they deduct the tds and file the Tds return(which is very small amounts like Rs.500 in 194 c) , now the problem is they did not enter this tds adjustment entry in the books of accounts as they have alredy paid full amount to the creditor(if they entered in books then that small amount of tds remain shows receivable from that creditor), is it acceptable or not, because as per the tds section total tds paid and tds return filed.

please clarify my doubt Thanks in Advance

dear sir

In a year how much cash we have deposit in Saving account ?

My annual income is less then 250000/- i got the salary Cash mode

Please advise