HOW TO REDUCE CAPITAL OF PROPERITOR
IF I SHOW DRAWING AS 1500000 UNDER CAPITAL ACCOUNT. IS IT OK
KINDLY REPLY AS SOON AS POSSIBLE

Dear Sir,

We are Pvt Ltd Company and our company main business is Investment.
In April-19 our company started a Shirt Selling business through the our website & online platform. No one had counted when the material came to our office.
Now we have taken stock and 11 items are less. Does a debit note/credit note need to be issued?

Now, how to pass the shortage material entry in tally. effect want in P&L A/c & stock a/c. The stock want to reduce.

Please suggest the same.

here in my company we are entring direct expindutre on goods receipt date rather as on invoice date sir is this correct way of accounting & if july invoiced goods received in august then it is entered in august and claiming gst credit in that month is this correct way of doing
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Dear Sir,
We have some foreign Creditors balance for more than 2 years.
They are not demanding, can we write off the same.
Please suggest.

Dear Experts,

One of my colleagues forgot to disclose his bank a/c & FD a/c in his personal balance sheet since past 2 years. Now how can he rectify that omission in current FY as he wants to disclose it in his current FY onwards? Thanks.

I have a travel company audit, the company does not have any inventory nor any fixed assets , would like to know whether the financial statement require disclosure of inventory and property plant and equipment.

Have read that disclosure is required only of the accounting policies used in the preparation of financial statement

Please guide me

There was a long drawn dispute with respect to the getting possession of structure build on the land own by a landlord. Landlord claiming the possession whereas tenant asking compensation for the vacating the same. Out of court settlement arrived at and the compensation paid by Landlord to tenant.
Question is Compensation paid to be treated as Capital Expenditure or Revenue Expenditure in Books of Landlord?

Professional fee invoice of Rs. 1 lacs plus GST @ 18% was received from ABC ltd on 25th may 2019. the same was paid on 05th June 2019? What will be journal entry for same and its effect in profit and loss account and balance sheet?

We have a partnership firm and I am one of the partner. I want to pay the company invoices by my personal credit card as no credit card is issues to a partnership firm. So what is the problem paying by my personal credit card and what entries we need to do in tally to reimburse the partner for the same

Dear Sir
in a Commission Agent ( Agriculture work dhan mandi ) who is not trading. just sold the Crops to debtors on the behalf of farmers. some time debtors is not paying full payment i means to say Paisa. for example
(1) Commission agent release the bill of Rs. 112355- 44
But received the cheque of value RS 112355-00
(2) release the bill of Rs.44320-88
Cheque received Rs. 44321-00

How to adjust difference of @ Paisa