HI all,
Pls tell me what will be the entry if I Have to give someone advance from the project money and how it can be settled?

Monthly rent to be paid is 70000 , tds should be deducted or not . we are PVT Ltd company

My bank has debited my account on 31st march for full amount of my cc limit. So on 31st march my account shows debit by the amount of my cc limit. And the bank refunded the same amount on 1st april. Now what accounting treatment should be done for that debit and credit in my books of accounts.

Hello everyone,

Please help me out
I have one Query; while accounting of Foreign exchange gain or loss on Foreign cash and cash equivalent what is the correct treatment

say at the end of the month I have $50 in my bank account and reporting currency is INR so whatever gain or loss arises according to exchange rate at the month end, whether it would be our realized gain or loss OR unrealized, as if it is realized gain or loss then we will not reverse it in next month , but if it is Unrealized then we will pass a reversal entry at the beginning of the month,

please let me know the correct treatment as in my company for some countries they are reversing it and for some they are not passing reversal entry.

sir, If at this days i have Income & Expenditure A/c and capital a/c of last year how i take opening balance to prepare a/c of the client .

client have bank bal as per bank statement 11882.00

e.g client capital a/c

To withdrawals 14854 By op. bal 14835

To closing bal 31650 By net proft 31669

total 46504 total 46504

I want to know how to pass journal entry for making advance for work to the party and it adjustment at the time of final payment

How to do a trail balance without opening balances Manually.

if a company give their products as sample to their customer as advertisement , what will be the Journal Entry in Practical life and kindly explain the Account heads need to be open. what i think

Advertisement a/c ............dr
to purchase a/c

the company maintain their accounts in Tally with inventory . kindly correct me if i am wrong

How revenue is recognized when developments rights of land are transferred for the future consideration like some % of sale of built up area ?

IF ANY PERSON REGISTER WITH EXCISE THEN IT IS COMPLUSSARY TO REGISTER WITH SERVICE TAX AND LIABLE TO PAY SERVICE TAX ON GOODS TRANSPORT AGENCY??