Hello could anyone please help me with the below query?

We collaborated with a subcontractor for a job, and on their behalf, we directly paid wages to their workers. Now, in light of this advance payment, we're considering issuing a debit note to the subcontractor. They will eventually invoice us for the full job work including GST. As of now, they've only invoiced us partially, with the rest to follow upon completion of the job. When preparing the debit note, should we include GST or not?

we have received turnover discount from our vendor of Rs 15,00,000/- and they have adjusted the amount in total balance payable, how should we pass this entry in our ledger

1) Cash Credit Account renewal charges comes under which head ?
2) Bank Stock Audit Charges comes under which head ?

Suppose
I have imported goods on 1.10.2023 by giving advance of 10000 $ @ Rs.50 per $ i.e Rs. 500000 and we received a goods worth 9000 $ @ Rs.45 per $ i.e Rs.405000 ( this entry was made by considering the Exchange rate mentioned in Bill of entry ) on 23.11.2023 we have booked a profit of Rs. 45000 i.e ( 9000 x 5 ) on 23.11.2023. But what about aur extra payment of 1000 $ to our supplier. At 31.3.24 closing rate is say Rs. 51 per $

What is the treatment of the advance in our balance sheet BS and how it affect our PL

As per AS-11 ???

A Pvt. Ltd. holds a 25% shareholding in B Pvt. Ltd., making B Pvt. Ltd. an associate company of A Pvt. Ltd. Subsequently, B Pvt. Ltd. acquired a 30% shareholding in A Pvt. Ltd., thereby making A Pvt. Ltd. an associate company of B Pvt. Ltd. As per the provisions of the Companies Act 2013, there is no prohibition on the acquisition of shares by an associate company from its parent and vice versa. Considering this situation, my questions are:
Questions:
1. Are there any restrictions under the Companies Act 2013 regarding the consolidation of financial statements of A Pvt. Ltd. with B Pvt. Ltd. when both companies are considered associates of each other?
2. What are the requirements under the relevant accounting standards (AS/ Ind AS) for consolidating the financial statements of A Pvt. Ltd. and B Pvt. Ltd. & B Pvt. Ltd. With A Pvt. Ltd. when each holds a significant but non-controlling interest in the other?

Hello,

My query is related to exchange rate.

how to book exchange in Africa region book keeping where exchnage rate is fluctuating rapidly.

For eg: exch rate 01.01.2023 - 6/ usd and Exch rate 31.12.23- 12/usd.
this way, if m booking forex then its showing huge forex loss in books.

Which is best website for exchange rate.

I am converting only Balance sheet items like Foreign Creditors/Debtor and USD Bank Loan.

Is this correct way?

Second) Same way Land which was also bought in USD on 31.12.22 @6, can i book exchange rate on this land also? or only way is revaluation?
we have done revaluation in May 2024, but I want to take the revaluation as on 31.12.23. is it possible?

Thanks in Advance

1) Bonus Paid to Factory Worker Comes Under Which Head Direct or Indirect?
2) Overtime Paid to Factory Workers Comes Under Which Head Direct or Indirect?
3) Leave Encashment paid to Factory Worker comes under which head direct or indirect ?
4) Payment done to Outsource Technican for Installation of Site Equipment
5) Payment done to Municipal Corporation towards tax

We have incurred an expenditure for trademark search in different countries. Does this expenditure need to be capitalized or not? If not, in which ledger we should post this expenditure.

Pen drive fixed asset yes and no

Under which heading should I create Credit card ledger since maintaining personal a/c