Dear All,

We want to know whether the premium paid on the term insurance of the Directors can be booked as expenses.

Dear experts I missed to take ITC FY 17-18. If I correct in GSTR9 and filed then this ITC show in my Cash electronic ledger?

Why not closing stock shown in trial balance ???

Dear sirs,
We are calculating stock at cost or market price whichever low basis.
In this cost means what ?
Is it landing cost or what
How to calculate cost for inventory valuation

A work order of Rs. 1,75,20,000/- has been issued by the company to the vendor on 1 February, 2019. Against this, Bank Guarantee of Rs. 17,52,000/- has been received from the vendor on 4 February, 2019. Liability of Rs. 34,45,600/- has been booked as S/Creditors For Accrued Expenses for the accounts closing for 31 March, 2019. How should the accounting and disclosure of "Bank Guarantee" of Rs. 17,52,000/- (as above) be made in the financial statements including notes to accounts for the year ended 31 March, 2019 ? Also, please indicate the amount of Bank Guarantee to be disclosed in the financial statements including notes to accounts. Regards.

One of my client has few NBFC's from whom unsecured loans had been taken. All the EMI has been paid and on interest the TDS had been deducted in f.y. 2016-17. Since the company was facing financial crisis, the said TDS deducted was not deposited in Government. But in current year the same has been deposited. But now since the assessment of NBFC's must have already been completed, so even though we had issued the TDS Department, they denied to repay us the TDS amount deposited with Government. So, I am now suppose to write off the amount showing as receivable from NBFC's. So please guide as to this amount can be written off against which account.

Thanking you in advance.

Dear Sir/Madam,

There is debit balance of Rs.13,450/- as forex gain in party's ledger.
What does it mean ?
Do we have to collect it from party as receivable ?
Please advise.

Hi
My Name is Deepak
I have One Query Regarding TDS. Query are as follow:-
1.) A firm provide a salary to my client 3,60,000/- P.A and he deduct TDS on it as per govt rules but by mistake client would told me that the required amount is taken as Unsecured Loans. at the end of the closing, I was deducting the TDS on interest and paid to the govt. Now how can submitted the correct return and do the proper accounting.
Please Solve The Query.

DEAR SIR/MAM ,

PUR DISC/SALES DISC/CASH DISC/OR ANY OTHER DISCOUNT KI ENTRY SINGLE DISCOUNT A/C MAIN KEISE LE SAKTE HE . JISS EKE ALAG ALAG DISCOUNT KE LEDGER CREATE NA KARNE PADE. KONSE UNDER GROUP ME LENESE YE POSSIBLE HO SAKTA HE.

Dear sir /,mam

i want to pass discount entry payable and receivable or cash discount but i want single ledger USE FOR ALL DISCOUNT WHICH GROUP USE FOR THAT PLEASE TELL ME.