Himanshi Aggarwal, CMA
29 November 2019 at 16:41

Journal entry for cacncellation of BG

Hello Experts,
Please tell me,how should i pass journal entry if amount is credited in the bank on cancellation of Bank Guarantee..Which A/C should be credited and under which head.?

Thankyou


Amandeep Singh
29 November 2019 at 14:09

Goods Destryed

Dear Sir

fire broke out the premise of the dealer and some goods destroyed. we have received some claim from insurance company
Please suggest below entry in books of account is correct or wrong
Stock Journal Consumation entry passed in tally

Loss of Fire 25000/- Dr. (Indirect exp.)
Stock loss by Fire 25000/- Cr. ( Indirect income)

Loss of Fire 4500/- Dr.
IGST Input 4500/- Cr. ITC Reversed

Insurance Claim Receivable 20000/- Dr. (Current Assets )
Loss of Fire 20000/-Cr.

Please advise to me sir







SURABHI GUPTA
29 November 2019 at 11:21

Signing of Financial statements

Can a director whose DIN is deactivated " due to non filling of DIR 3 KYC " sign the financial statements of company ?


Surinder

Dear Sir,

Few days ago the roof of godwon fell on Goods cause damage of maximum goods. We have claim the same from insurance compnay and got a cheque from. Please suggest how to adjust the same in books of account. means to what type entry pass in tally.


viswas
29 November 2019 at 00:58

Security cheque undated

We have issued a cheque undated to the bank . Question is how is that gonna be showing in the books ? Is it necessary? If so what would be the entry .


Yogesh Dhaytonde


Hello...

Can i deduct TDS on the basis of SAC code Services?


ajay

res sir,
kindly clarify me how many amount in cash received from my customer(before issued the invoice)


Krupali Arjunwade
26 November 2019 at 10:38

Construction Related

What is the accounting treatment for Site office building constructed at construction site, which will be demolished after completion of the project?

Whether it needs to be capitalized as Fixed Asset or debited to project cost?


pratik
25 November 2019 at 11:38

BRANCH FINANCIAL STATEMENT

We are facing issue at time of preparing Financial Statement .We have two branches and also maintain books of accounts separately.So We not understand how to consider Branch Transaction at time of preparing Financial Statement.
I requested u please provide reasonable solution regarding the same .


Himanshi Aggarwal, CMA
22 November 2019 at 17:08

RCM Applicability on Security Services

Dear Experts,
Please tell me, if Unregistered Service Provider Providing Security Services to Registered Company then RCM will be applicable.?
And what if, Service Provider is Registered.?
Thank you






CCI Pro



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