sir,
I purchased 2 laptops on amazon and made bank payment.I returned 1 laptop and got refund for it.how do i record the return of laptop purchased.

A company has given an advance towards services to be rendered for next 12 months, the amount has already been received in the bank
for USD 100,000 how do it treat this in books ?

Please help me

Regards
Javed

Sir,
if X ltd issued a cheque on 15/9/2017 as donation.The cheque is not yet presented by the party.90 days time limit is already over.What journal entry should i pass now?

If one company have unit 1 in Ludhaian other in HP. Unit 1 trf. machinery WDV Rs. 15,00,000/- trf to HP unit for Rs. 20,00,000/- under GST. Then unit 1 will book profit on sale of machinery and unit 2 will book the machinery at cost rs. 20,00,000/-. whether this treatment is coorect as per accounting ? please suggest

Respected Sir,

I want know Rate of depreciation as per
Companies Act on plant and machinery, pump, furniture,, computer, motor cars

Hi everyone, While going through annual reports of some companies, i have noticed that the amount debited from profit and loss statement for provision of doubtful debts is less than the actual provision created( as seen as a deduction from trade receviables). I wanted to know what are the possible cases when such a thing can happen.

Thanks.

under which head we need to book expenses on following item in tally while doing journal entry

1) If we purchase a credit card of rs 100
2) If we paid one time implementation fee for some application installed in computer

second question is
how to do journal entry for imprest account and under which head of balance sheet we need to take imprest account?

In tally schools account admission fee and other fees should be enter in which voucher,
I firstly entered it in sales voucher and when payment received I pass in receipt voucher. But when i take admission fees as direct income in ledger this entry is not pass in sales voucher that should i do.

The Goods and Services Tax (GST) Council in its 27th meeting held on Friday approved a simplified returns filing system for taxpayers, which will approximately take a year to come through. The Council also approved change in ownership structure of GSTN, the IT backbone of GST, to convert it into a fully owned government entity, with equal ownership of states and Centre.The other proposals for incentives for digital transactions and sugar cess over and above 5 per cent GST and a cut in GST rate on ethanol were discussed but no final decision was taken. Two separate ministerial panels will be formed in next two days, Finance Minister Arun Jaitley said.All taxpayers, except composition dealers and dealers having nil transactions, will be required to file one monthly return and a three-stage transition period has been proposed, after which input tax credit will be provided only on the seller uploaded invoices.Till the time the transition to the new return filing process happens, the present system of GSTR-3B and GSTR-1 shall continue. First stage will continue for a period not exceeding six months by which new return software would be ready.In stage two, which will be for another six months, the new return will have facility for invoice-wise data upload and also facility for claiming input tax credit on self declaration basis, as in case of GSTR 3B now. During this stage 2, the dealer will be constantly fed with information about gap between credit available to them as per invoices uploaded by their sellers and the provisional credit being claimed by them.In stage three, GSTR-3B and provisional credit will be withdrawn and only the new return will be operational. Change in GST returns filing system will require tweaking of GST-related laws, Finance Secretary Hasmukh Adhia said.The panel on sugar cess and ethanol rate reduction will give its recommendations to the Council by next two weeks, while the committee to look into incentives for digital transactions will submit its recommendations by the next Council meeting. The government will also need to bring in an ordinance to facilitate imposition sugar cess, Adhia said.The Council had discussed a proposal wherein a 2 per cent concession, subject to a ceiling of Rs 100 per transaction, may be offered to consumers in B2C transactions if they pay through cheque or digital mode to incentivise digital payments.

Dear Sir,
I hv a query regarding accounting. In our company some employees get advance amount wide bank for their routine expenses & they are providing details of the same may be after 25/30 days. now the same employee gets salary amount in advance. now i have a question if i create a single Employee Advance a/c then how to bifurcate the same . also suggest if any other method is available. (Pl note that we don't want to make individual employee salary account ledger)

TIA
Mansi