abc ltd purchase diesel from thakur brothers..while paid to indian oil corporation through card and earned rewards points which is convertible in money.how to we present this transaction in our books of accounts please suggest..

SIR,
WE ARE IMPORTING GOODS FROM U.A.E . OUR BILL OF ENTRY HAS BEEN FILED ON ICEGATE ON 28.03.2018 BUT DUE TO SOME AMOUNT PROBLEMS IN DUTY WE ARE NOT ALE TO PAY THE DUTY. WE HAVE PAID THE DUTY ON 03.04.2018 . NOW QUESTION IS IN WHICH YEAR THE PURCHASE ENTRY WILL BE PASSED FOR THIS BILL OF ENTRY, FY 2017-18, FY 2018-19. PLZ HELP ME.

Dear Experts If tax free good dispatched through transport lorry within state or out of state then is it required to made e way bill or not

Sir we have a rented office in which renovation work has done which includes furniture, tiles, paints, labour charges and other renovation exps. I want to know that whether the exps should be capitalize or not. If yes then how?

i working one manufacturing company were all the employee expenses taken as Staff welfare expenses is this right???

Respected Experts,

I am an Accountant. I would like to learn about month end close of company accounts. I know the procedures theoretically well, but in practice, I do not know. Please, any one of experts can explain with an example data or if you have any old data in excel format please share with me. My mail Id: rajsubbu_seeni@yahoo.com. Thanks.

My mother has gifted me Rs 2 lakh by a/c payee cheque..
i have converted same amount into F.D.R

..How to show this amount in my books. ?..
.i am using busy accounting package

Dear sir,

We have paid purchase price for land Rs 2 Cr and stamp duty paid on Rs 3 Cr. How much we record in books whether 2 Cr or 3 cr.

Please provide the entry. and what will be the impact from income tax point of view.


Thanks

Dear sir,

We are an exporter, as the financial year 2017-18, we have raised the export invoices from 28-03.2018 to 31.03.2018 and the goods are ready to dispatch to the port. Now the next financial year starts (2018-19). The goods being dispatched in this financial year. But invoices raised in the last year. How to be accounted for. The Invoices raised in the last year can be accounted in the last year or the current year. Please let me know.

Thanks

N K Prakash

Ramesh an employee of salary rs 10000 per month, withdrew goods worth rs 1500 for personal use and got salary of rs 9000 in cash in the month of march, 2018.The excess payment of Rs 500 will be debited to?.


Please give explanation and answer.