Hello sir,

We hired some equipment for the business , invoice amount Rs.80000/- , how much TDS should deduct on the Rental charges.

Hi,

A lot of people are in the confusion if the revaluation of Inter-company loan should be performed or not if the both entities are in the home country.

Scenario:
An Uk central entity called 'ABC' paid some cost of USD 1,000 (in GBP 800pound) on behalf its UK based Subsidiary company.

1.the both entities are UK based.
2.both have GBP bank account only
3.both do inter-company payments in GBP only

Should ABC entity rebill to its Subsidiary company in USD1,000 or GBP 800?

In my case ABC has rebilled to its Subsidiary company mentioning both currencies USD1000 (GBP 800).

Do the Subsidiary company need to revalue the USD 1000 in GBP at the time of inter-company payment and then pay in GBP?

Hi

In case, there is some recoverable from an employee at the time of Full and Final Settlement, what should be the accounting entry?

Is there any Accounting standard governing this?

Thanks in advance!

Dear Sir,
I took gst registration in aug17. Before registration I was unregistered dealer. Now, I am making trading and P& l account and balance sheet. In trading accounts,can I consider total turnover and purchase including sale and purchase during being unregistered i.e April17 to july17.?
Please reply
Thanking you

We have purchased of Compressor for AC Machine of Rs 37000/- on dt 25.05.17. .

Please inform me the the above purchased is Revenue Exps or Capital Exps.

Dear Experts,

I have a simple basic query for which I ask your advise to resolve

A company purchased a car of Rs. 1500000/- and the TCS of Rs. 15000/- was collected. It is getting reflected in Form 26AS. Besides, the Company also has TDS Receivable which is getting reflected in the Balance Sheet.

My questions :-
1. What will the journal entry to be passed for the TCS entry.?
2. Whether the TCS should be adjusted with TDS Receivable A/c?
3. Is TCS an asset or Liability?

Please suggest.
Thanks

WHILE PAYMENT OF TDS ON SALARY 92(B),
Which column I have to select that is company dedicatee or non company deductee

Hi,

Can Anyone tell me how to undo reconciliation in tally.

please help.....! Sundry Creditors is showing debit Balance in tally as excess amount is paid to the party. how to treat the same in the next FY opening balance

Dear expert,

The company has taken office on lease for 5 years. and is doing interior work to extent of 25 lacs.
break up as under -
1.electrical work 6 lac
2 Ac work 6 lac
3 glass work 4 lac
4 pantry unit 0.5 lac
5 carpentry work 1.58 lacs
6 modular furn7 lac
7 Architect fee 10% of above exp.

What is the a/c treatment.pl guide.