Is relative of KMP required to be disclosed as per AS 18 even though there is no transaction with the relative during the financial year
Dear Sir,
My query is In Mar end case this query raise in Example (31st Mar our Bank Current Account Balance rs. 100/- and 1st Apr morning 7 am i transfer fund ABC Account rs. 90/- so in bank statement this entry reflect in transaction date is 31st mar and value date is 01st Apr so sir plz confirm which date to be consider in bank re consolation.
DEAR EXPERTS
HOPE ALL OF YOU ARE FYN!!!
MY QUERY IS ABOUT ACCOUNTING OF REAL ESTATE TRANSACTIONS. AS PER ICAI GUIDANCE NOTE ON ACCOUNTING FOR REAL ESTATE TRANSACTION, % OF COMPLETION METHOD IS REQUIRED TO BE APPLIED. IN MY CASE, IF 100% COST OF CONSTRUCTION IS INCURRED BY THE BUILDER THAN WHETHER PERCENTAGE OF COMPLETION METHOD CAN BE APPLIED ON THE SAME OR REVENUE WILL BE SALES AGREEMENT EXECUTED IN RESPECT OF THE PROJECT?
PLS CLARIFY THAT IF 100% COST OF CONSTRUCTION IS INCURRED HOW TO RECOGNIZE REVENUE?
THANKS IN ADVANCE
I am the Accountant of Construction Company I have one Doubt about the Subcontract Expenditure In Expenses in Books of Accounts of the Company
Site Expences and Labour and Other Expenditure Related to Site And Office we have Given a Sub Contract to One person he is Regularly giving the bill and We are Clearing the bill after Deducting TDS Now my doubt is How to that Expenditure in my Books of accounts, Can i Pass Journal Entry Item wise Like Site Expences ,labour Charges
Please give me the Suggestion on the above Query
hi sir,
this is santhosh from hyd i need one help this current year from our company 1 crore above cash withdrawal-ed by bank they are deducted 2% tds how to pass tds entry on cash withdrawal in tally pls do help
SIR
We had dispatched the waste material to a party which amounts to Rs. 95720/- But they have returned our material due to quality issue to us without making any entry and issuing any debit note regarding this transaction. Can we raise credit note?
Dear All,
I want to ask a question.
As I m working in automobile sector ( a two wheeler motorcycle company )
I want to know all the journal entry on selling the bike to customer with registration and insurance .with their head.
So please provide me the solution.
Iam finalization accounting books data up-to-date in property concern.cash on hand is very low.how to many ways of cash on hand increased producure in proprietory concern.
Dear Sir,
In previous year 18-19 in books of account my GP Was 8.90% and NP was 4.31% in this current year 2019-2020 My Gross profit is 8.96 and NP is 4.34%.
Can we face any problem
Please guide to us
Dear Sir,
I am Working as a accountant last two to three month i am preparing Balance sheet 1st time so please could you give me full information about how to prepare perfect balance sheet in tally
Regards
Dixit
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
AS 18 disclosures