Daya
24 October 2024 at 17:20

Why term is used vendor instead of

why term is used vendor instead of Trade payable or Creditots in corporate.


Daya

what is meaning in LLP and Partnership firm while preparing partner capital
Contribution
Drawing
Please reply.


Daya
24 October 2024 at 15:03

Advance paid for capital expenses

Advance paid for capital expenses but some part paid is irrecoverable, after receving services or material.
what will be the treatment in accounts


Keyur
23 October 2024 at 09:19

Two wheeler parking shed constructed

Sir/Madam

Can you suggest me under which head it should be capitalized??

Under Building or office equipment head??


Srinivas Rao
22 October 2024 at 15:57

Passing of accounting entry

A four wheeler vehicle is registered in the name of Pvt. Ltd. Company 'X' and depreciation is claimed every year.

Due to some reasons the above vehicle underwent for repairs and maintenance and the invoice amount was Rs. 2.73 lacs and this invoice amount was paid through Bank transaction by another Pvt. Ltd. Company 'Y' due to shortage of funds in Pvt. Ltd. Company 'X' .

One of the Directors in both the Companies is the same person.

How to pass the entries in books of account for the above payment of Rs. 2.73 lacs in both the Companies .

Any implication as per Income Tax Act and in reporting.
Plz clarify.


Daya

How to make journal entry of secured loan in the case of company.


Daya

why opening balance is matched while finalisation of balance sheet.


Daya

why maintained separately current and fixed capital in partnership firm /LLP.
what is its benefit. please reply


Daya

what is capital contribution in case of LLP/partnership firm,Please reply


Daya

what will be the treatment in the case of individual books
when only single single ledger is maintained , then no issue but
when Fixed or current capital maintained,
the how to make adjustment of profit /Loss or other transaction,






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