1. Proprietor has home of Rs. 24,00,000 and he has under construction building (home) worth Rs. 38,00,000. Please let me know, whether loan can be shown on liability side and under construction building can be shown on asset side in balance sheet of his firm.
2. Proprietor is paying home loan EMI, from firm's bank current account.
a. Whether home loan can be shown in his firm's accounts?
b. If yes, the EMIs paid from bank current account can be taken to Home Loan A/c or Drawings?

I am finalizing Accounts of a Proprietorship business for the F.Y 2016-17. Closing balance of loan taken by the proprietor as on 31.03.2016 as per loan statement is not matching with closing balance of loan taken as per balance sheet for the F.Y 2015-16. May be there was some mistake at the time of preparing the 15-16 Balance sheet. Now if I take opening balance of loans from the 15-16 balance sheet, the closing balance as on 31.03.2017 will not match with loan statement and I cant take opening balance from loan statement also as I have to take the opening balances from the previous balance sheet only as per rules. So what should I do ?

REPLY URGENTLY.

Hii mam,
I was asked the following question in my interview:
Mr.X was given rs. 25000 for his expenses during company tour.He spend Rs.35000 which involved Rs. 5000 which he paid using corporate credit card.(note:the corporate credit card was given by the company for official expenses)
Please post reimbursement entry for this case.

Hello All,Can anyone help me with benefit of pursuing IFRS DIP after completing CA and suggest book that offers detailed knowledge for self study.Thanks in advance!!

Dear all
kindly suggest me that installation charges for AC will be capitalize or not if AC bill is separate.
only installation charge can be capitalize or not.

Halo sir please tell me that saving account entries mandatory in proprietor ship or note we deposits some cash in saving ac so my firm cash is gone nagetive

Halo sir please tell me that saving account entries mandatory in proprietor ship or note

I am finalizing Accounts of a Proprietorship business for the F.Y 2016-17. Closing balance of loan taken by the proprietor as on 31.03.2016 as per loan statement is not matching with closing balance of loan taken as per balance sheet for the F.Y 2015-16. May be there was some mistake at the time of preparing the 15-16 Balance sheet. Now if I take opening balance of loans from the 15-16 balance sheet, the closing balance as on 31.03.2017 will not match with loan statement and I cant take opening balance from loan statement also as I have to take the opening balances from the previous balance sheet only as per rules. So what should I do ?

REPLY URGENTLY.

I was a salesperson for a shop.. But now I have taken a risk to start my business, My plan is to buy tea from local dealers... And blend some variants of tea powder to give a superior taste and pack it under my brand name... please suggest me legal procedure of gst and other compliance And also pls suggest opening a current account in which bank will be beneficial for me.... would be greatfull if someone helped thank you

Dear all Experts
If the Employer's Share of Contribution not remitted with in 15th of next month, whether it will be disallowed when Computing Tax?