while accounting can purchases and sales should be shown at invoice value ? since client needs turnover and purchases at invoice value

if sales is shown at invoice value it contains taxable value + gst received from customers
but my doubt is in case of purchases shown at invoice value contains taxable value + gst paid (input credit)
what should be the treatment for input credit whether it has to be shown as asset or expenditure

if it is considered as asset what will be the respective credit ?
can any one clear my doubt regarding this

Hi dear
How are you
1. My question that one bill generate 10000
Party name Subham tiwari and same time after Cheque give Rohit name when to bill generate subham name how jarnal entry

I am a cement dealer's business and gst tax payers but some cement use my personal house building construction, use cement show my gst return gstr 3b u/s 17(5) but how to i prepare trading account and balance sheet that my problem use cement...show my account statement and Income Tax Return .......plz sir help me

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 ?