Dear Sir / Madam,
My proprietor has giving wages to workers, tea,tiffen during build a new building.how can i narrate the journal entry for this.Which account i can debit Capital or under indirect exp?

DEAR SIR, IN CASE OF E COMMERCE BUSINESS, THE SALE & PURCHASE BILLS ARE RECORDED IN BOOKS BUT I HAVE NO ANY TYPE OF EXPENSES ARE BOOKED IN OUR BOOKS WHAT WE SHOULD AT THE TIME OF AUDITING BECAUSE PURCHASE & SALE ARE RELATED WITH SAME ITEMS & EXPENSE IS RELATED WITH ELECTRICAL EXP. RENT EXPENSE AND OTHER EXPENSE LIKE SALARY AND OTHER EXPENSE ARE PAID IN CASH MODE WHAT SHOULD WE DO OR HOW I BOOK AN OTHER EXPENSE

I received a cheque for the service i provided, but the cheque was returned. How to make entry of that return cheque?

Dear Sir

We have business of Marbles & Tiles. Please advise to me how much Gross profit & Net profit we have to show in books of account. previous year GP was 8.07% and NP was 4.90%
Please advise for this year ?

Dear All,

I have bill of Rs.266000/- of Newspapers purchased for school. I have query of TDS deduction . Request you to revert on my query

Dear Sir
I am regular dealer . Return of March 19, I have filed return through Cash Rs. 5500/- on 20- 4 - 2019. In preparing Balance sheet, said amount can I show in balance sheet as GST payable Rs. 5500/- in liability side.
Plz reply with explanation?
Thank you

We being a company received an advance amount of Rs 800000/- (Tds: Rs 16000/- Net Amt: Rs.784000/-) from a party on 30.08.19 for rendering a service in Sep'19. However die to some unforeseen circumstances the service is not going to be rendered to the party. We intend to refund the amount to the party. We have booked TDS receivable of Rs.16000/- in our books & party has also deposited the same in govt account within the due date i.e 07.09.2019. My question is what amount is to be refunded to the party along with the requisite journal entries

What shall be treatment of sale through Fleet Card provide by Indian Oil corporation in account books of petrol pump? whether it should be billed to Indian Oil Corporation or to the Fleet Card Holder for both income tax and GST point of view.
IOCL makes payment on behalf of fleet card holder. Should this sale be credited in IOCL A/c

Respected Experts,

My annual income is less then 250000/- including Salary ( 12*14000 = 168000) + FDR interest 39400/- Saving Bank Interest 38151/- I never filed Income tax return. from 2002 to till date in every year i am saving approximately 75000 to 95000/- Now if i file the income tax return in this year Can i have to face any problem Can ITR department ask to me about my last years,s saving. I never done any high level transaction in my account. only cash Withrawl Rs.30000 to 4000 for house hold activity. or digital payment for home electricity payment, mobile recharge, Dish payment.online shopping etc. Please advise to me

Please anyone can tell me about accounting treatment and GST provision related to receiving mobilization Advance from client .

In short what is account entry of mobilization advance received and what about GST provision should i pay Tax or not if yes then how can i adjust paid tax when tax invoice issued