out of all debtors some have little amount as credit balance. My question is that when showing them in the balance sheet whether I should show adjusted amount as debtor or only debit balances as debtors and balance as advance received??
What will be the entry for
Out of share surrendered, 1000shares of 10 each shall be converted into 12% pref. Shares of 10 each fully paid up
In case of reconstruction
Should PPF interest must claimed every year as exempt income ? I was not aware till now. What should I do?
If in the question it is clearly mentioned that interest on partner capital is not to be provided according to partnership deed then at the time of death of any partner and the payment is not made on time than sec 37 of partnership act apply or not?
Can an individual proprietary firm can transfer funds between each other as per current IT as well as GST norms, note if firms owned funds from loans from family members.
what should be accounting entries under RCM for GST. and when I will take the Input Credit it.....
what should be assumed as years of purchase during valuation of goodwill if no information about number of years of purchase is provided in question ?
How a deficiency account to be closed in final accounts In the books of accounts
Is it mandatory to show gst amount in delivery challan if so then if material quantity is provisional or material on approval then how to show gstAlso is it mandatory to show same GST amount in tax invoice that is shown in delivery challan
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Credit balances of debtor