What is the relevance of "ASs are intended to apply only to items which are material"??

Sir,
Laptop battery,mouse etc purchased by a website development company... can we treat it as part of ASSETS or charged to P&L account as part of REPAIR&MAINTENANCE?

Hello everyone...

We are having a branch in the same city as that of the HO. Having same GSTIN for both. We are showing the transfers to branch as stock/branch transfer. So no gst at the time of transfer. Showing the tranafers at shop selling rates.

I want to know the value at which the stock sent to branch will be shown in tally in the books of HO. And what will be the amt that the branch will be remitting to HO ??

can some one tell me how to account news paper papering press running what about sale of paper of daily and purchase


regards

Mohan started business with Rs. 10,000.00 cash and Rs. 2,000.00 furniture. Sales amounted to Rs. 50,000.00 including Rs. 5,000.00 cash sales. Rs. 10,000.00 sales were outstanding at the end of the year. Purchase amount* to Rs. 30,000.00 including Rs. 10,000.00 cash purchases Rs. 15,000.00 has been paid to creditors. Expenses paid during the year 19,300. Trial Balance total will be

Please explain the Procedure to solve this sum and then give the answer

Dear Sir,

We are constructing a Check dam in a rural area. For this work we are getting water tanker. The water tanker is belong to a village and does not have the bill. kindly suggest is TDS is applicable in this case and what amount it is exempt.

Secondly we are doing plantation work in city and for this we are getting water tanker for plantation. The water tanker supplier has bill. In this case should we deduct TDS and what amount it is exempt.

Kindly also clarify the rate of TDS if it is applicable.

Thanks & regards

Ravindra Kumar

Dear Sir,
My self Anil I want to trained my self for Accounts section of School.
--
Regards
Anil

Hello
In our Balance Sheet (Partnership Firm) for year ending 16-17, we mentioned Provision for Income Tax 16-17 as : 10,833.86,
and advance tax paid was 22,000/-.

IT return was submitted first week of August 17 after paying self assessment of 14440/-

Now I am doing entry in tally today, how will I do the above entries? I got the order last week with a refund of Rs.3/- They have charged interest of 686/-

Please help.
Thanks

If in purchase invoice , it is written as
Total. : 600000
(+) Freight advance : 10000
Grand total. : 610000
( This is the purchase invoice )
My query is that in p/l we will transfer 610000 to purchases or only 600000 ??

if in purchase invoice,
total : 600000
(+) freight advance: 10000
grand total : 610000

then , that 610000 should be the purchases or only 600000 will come in P/L ??