Hi dear
My question that I am a truck purchase only ours business use only my goods carriers so my business not INCOME for truck how arjest vehicles expenses and gst ITC CLAME eligible or not

Dear Sir,

I am sale a motor car through car 24 agency @ 398000/- where as my car book value is 410000. I am doing below entry

Sale on Car 24 - Dr 398000/-
Loss on sale of car - Dr.12000/-
To Motor Car - 410000/-

My questing is which head is Car 24? is it Sundry Debtors?

Kindly help.......

Regards,
Raju Dey

Dear Sir,
We are providing agency service to ships on the Port. We release Debit note for Vessel owner in USD for any cost incurred in the INR. For example, a bill of Rs 2500 was received from Vendor; we issued the debit note to the ship owner, USD 40 for the transportation fee. We book the reimbursement expenses in our accounts at USD@ 68. Differences of Rs 220 We have earned extra money. What is the treatment in accounts earned 220 Rs & GST is applicable earned Rs 220/-

Hi dear
My one question
My Accountes cheque received 31march and bank clier 2april how adjustment entery because party accounts closed 31march and bank statement not equal to BOOKS statement
Please reply

What is meant by ex dividend and cum dividend in nutshell

Dear Sir,
In what section of the annual report will i find the amount the company owes to each of its lenders. I mean individually how much debt has been given by SBI how much by HDFC how much by PNB to a particular company. Please help me accordingly..
my email id:rakvn88@gmail.com
mobile: +918156867183

Respcted experts

A Commission Agent Who Works in Anaj Mandi. he does not trading just sold the crops to Purchaser on behalf the farmers. farmars supplies to his crop to Commission agent and commission agent same sold to customers ( Purchaser) for that he collect some commission from Customers. many times commission agent pay advance to frames for their house hold activity. now please guide to us who to treat about that

Supplier ( Farmers) in which Group ?
Customer ( Purchaser) in which Group ?

Dear Sir,

A person engaged in business of selling of agricultural product ( Wheet, paddy, Cotton) on commission basis ( arthia), i.e., purchase agricultural produce from farmers and sale it to market via KRISHI MANDI, now my inquiry is that In Which Group we make the ledger farmers under Sundry Debtors, Commission Under direct income and seller ? Please advise

As per related party disclosure we have to disclose the transaction value. I have a question that the amount of transaction value would be inclusive of GST amount or exclusive of GST.
For Example if transaction between related party for sale is Rs 100000.00 plus gst Rs 18000.00 should we disclose Rs 100000.00 or Rs 118000.00 as transaction value.

Dear Sir

A person engaged in business of selling of agricultural product on commission basis, i.e., purchase agricultural produce from farmers and sale it to market via KRISHI MANDI, now as per current notification, no expenses shall be paid in cash in excess of rs.10000. does this transaction of payment for purchase includes in that payment, can he pay rs. 100000 in cash to those farmers ?