If average inventory is `1,25,000 and closing inventory is `10,000 less than opening inventory then the value of closing inventory will be (A) ` 1,35,000 (B) ` 1,15,000 (C) ` 1,30,000 (D) ` 1,20,000

One of my friend is starting up an agriculture business as a partnership.
The have taken a land for lease to cultivate their crops.
The land owner claims profit share from the business instead of fixed lease/rental payments.
can any one let me know how to account this expense? under what nature of expenses?

Is there any restriction under any law for this kind of agreement between land owner (consideration for use of land as profit share from agriculture business)?

Thanks in Advance

whenever party gives service charges extra bill than how much tds will be deducted and which section.

here one party submit the bill items of camera ,cable laying charges, and cabling and installation charges. how much tds will be deducted or which section. please guide me.

Dear All,
A proprietor having 2 businesses. But the accounts are maintained only for business and does not include personal commission business. Is it proper? Does he need to have combined balancesheet for both the businesses or he needs to maintain 2 searate balancesheets?

i have logged onto SBI online and one try to download statement of FDR redeemed. I searched Account SUmmary section and Account statement section but this FDR was not there in the list.
I informed my senior to please try once and he gave me the print out.
In the print My Accounts>Accounts Summary link is written.
I again tried but unable to find out.
Don't know how did he do it?

Why is it that Bad debts recovered,interest on investments and Loss on sale of investments are recorded in the pre incorporation period?

Dear Sir,

In our business we have one car, which is purchased in the financial year 2015-16. But that time our people has forgotten to recognize the car in the business. Now we found that car recognition in the books is not made. now we want to recognize that car. how can we recognize that.
Note: Car was registered on our company name.

Thanks In advance
Suresh.M

During AY 16-17 purchased worth of 450000 were not accounted as accountant misplaced the waybills , we filed the returns for AY 16-17 and 17-18, Now During the renovation those unaccounted waybills were found? Now what should we do ? revised returns ? or can we just add to the present closing stock and show it under a separate head in trading account ? we are in wood business so difficult to find that in that AY
thanks
Sundeep

In GST we can surplus tax of fixed assets. How to entry in tally erp 9 ? - in journal or purchase I already enter purchase tally , no show in b/s fixed assets if in journal , no consider tax in 3B.