Dear sir,

I have a accounting related issue. I am preparing accounts for my client. The issue while accounting is this he sale to varies party non gst goods ( Hari Mutur ) from purchasing the mutur from agriculturist.

He sale in the name of orignal party and receive the payment of sale from some other party on behalf of orignal party. Now how the balance of orignal party and other party (who transfer us the payment but no sale is made to them) treated.
example- sale made to rajendra for rs 10 lakh and bill is raised in the name of rajendra for rs 10 lakh and payment is received from akshat rs 10 lakh now how i adjust that payment from akshat is recieved on behalf of rajendra. my issue is how i clear the both account.

Please suggest

what is the limit for capital a sole proerietor can invest in business (cash)?

Respected sirs,
I bought a flat in 2005 for 100 Rs- entered as fixed asset. now I have sold it - in june 2018 -for 150 Rs. (TDS 1.5 Rs )ie recd148.5 Rs. Now I have bought another flat at 200 RS after 2 months- Now how should I enter or what ledgers should be created ? the extra 50 rs I have made by closing my deposits.
Please guide me to properly enter or entries.
Thank you very much.
vijayakumar

Dear Sir/Madam,

I have query that we have bought machinery from china @ USD 21000. we have done payment in two different install, when we paid first amount USD-5,502 that time $ value is Rs. 64.37 and second installment we have paid USD-15498 @ Rs.64.86 per dollar.
but in Bill of Shipment we have received machinery of USD- 21000 @ Conversion Rs. 64.50 per dollar. Now tell me that what will be journal entry for that transaction and what will be amount in foreign exchange loss. its Urgent.

Thank You

Can sundry creditors be paid in cash in tax audit case??

Sir, Pls tell incase of AMC amount (prepaid expenses) paid in Jan month for 1year period say amount Rs.24000.
How will be treated in Accounts books every month for 1year period.

Sir, Pls explain the benefits of keeping the bank EEFC Euro Account for Doing export and import in Euro countries than Bank Current or CC account.

i wanted to know if a saving bank A/c (proprietor personal) was not accounted last year.. but his year i want to account the same.. what is the neccesary adjustment or entery to open the Account??

Pls give examples for Prepaid income and Provision for income.

Pls Explain the steps to file income tax return for a existing Pvt. Ltd. Company.