Dear Friends. kindly help me with the exempted states under ESIC. Thanks in Advance Nasir

We are Investment co & tarading dealing in shares & securites(NBFC) showing share purchases in B/s to under investment say Rs.10/-. In March 2016 we transfer them to stock in trade a/c for Rs.5/-. Now in March 2017 we valued them at market value i.e Rs.15/-. is it right or wrong. If we sale them in 2017 for Rs.2/- then what is the pur price Rs.5 or Rs.10 or Rs.15 pls guide

Sir / Madam,
We have started an Event management Company.......Please guide me about the possible Accounting heads for Income and Expenditure Account.....

Regards
Rupinder Singh

sir i m appling for gst application but its showing pan no does not exist what to do

Dear Sirs,

We are registered govt contractors. My query is how do we account for the daily cash transactions in our business ?

Cash transactions include hiring charges, purchase of sand, stone, etc, weekly casual labour payment, bribes , etc

On the same note how do we account for bearer cheques again also provided to some of our suppliers stated above.

Please advise.

Dear Sir

I have paid my advance tax Rs .12000/-
Now please suggest how to make entry in tally

I have done advance tax Debite and bank Credit

Now guide for next

Dear Sir/Madam

In an accounting system, Damaged goods/ promo goods/ personal use( Company ) goods are shown as separate accounts.

An automated entry in the system is coming as follows :
Damaged / Promo/Personal Use Goods A/c Dr 100
To Inventory Account A/c Cr 100

Due to this, in Cost of sales there is difference of the 100.


Can you guys please explain , how to treat damaged goods/promo goods ?


Any further clarification , please comment

Is GSTR-3B return date extend or not for the month of August

Please let me know the calculation of how to calculate interest on late payment of gst tax..?? Per Day basis or Monthly Basis.

In the accounts of the company Can we deduct total sale value of assets (including profit) from the total block value as provided in IT Act. In accountz we don't want to show profit.