Hello Experts,

Please explain me what will be accounting treatment for purchase of Tea/coffee powder for Tea/coffee machine installed in office? This machine is on rental basis. What will be the correct ledgers to be prepared? Also how to show rental charges of machine?

Is portfolio management fess expense or should i added it to cost of shares and Mutual Funds?
If i should add it to cost of shares and mutual funds, then on what basis the calculation to be made to charge it to each share or mutual fund?

Respected expert, what is the accounting entry for pradhanmantri aavaa yojna subsidy received by individual?? Bank account debited , but what should be in credit side either home account or capital account???Plz clarify

Unsecured loan was given by a individual to a partnership firm.

Now the individual wants to transfer the loan in favour of someone esle.
What to do....

Dear all,
We are starting to use swipe machine. In this regards I have following doubts :

1. Is swipe machine checks availability of balance of customer while making payment through cr or dr card
2. How many days it will take to credit amount in merchants account
3. How to do accounts in merchants books of accounts
4. if payment declines after some time how we can find the customer

What are the disclosure requirement as per AS 19 for lessor.

Hello sir

Please help me calculate networth from the following data given in a balance sheet

Current assets-3 crores
Fixed assets&cwip-1 cr
Other non current assets,assets held for sale&other financial assets-1 crore
Current assets,investments & tangible assets-11 cr

Current liabilities-1 cr
Other current liabilities,Non current liabilities,provisions,equity-2 cr
Accumulated losses-4 cr

Please guide

Dear Sir

Due to fire some stock has been burnt. i have made the entry in tally and reduce the purchase of Rs.96400/-
But how to reduce stock wise item from tally which the value of Rs.96400/- ( near about 250 packet of chips)

Dear sir /madam
My sundry creditors is showing debit balance due to unavaliable of bills .I have made the payements but invoices are not there.
How to pass entry to reconcile it ?
Urgent .
Thanks.

We are planning to convert our LLP into the Private Limited Company. Right now, in LLP, we are applying the Depreciation method as per Income Tax Act. Hence, at the block of asset level, we have the WDV. We do not have the asset wise value like Purchase cost and WDV.

How to treat the same while we convert the LLP into Private Limited company because as per the Companies Act, we need to follow the useful life method ?

Can anybody help in this matter?