on 25 december 2015 i paid Rs. 56000 for Annual General Meeting for 2015-16 which is going to held on 1 June 2016 (fy 2016-17). What entry should i pass on 25 dec 2015 and which year this expense it pertain. My senior partner told me that it pertain to 2015-16 since meeting is for 2015-16 . kindly suggest.........?

Dear expert,

Journal entry for goods in transit -git dr to creditors cr , first whether this entry correct.?Secondly by including git in closing stock we are increasing profit ?

Please reply

please if is is possible could anybody's tell me that how can make monthly P&L account. plz tell me format if any. e mail - opyadav261@gmail.com

Dear Experts,

We have closed the our company accounts and all accounts finely closed and i have making trading, P& L and BL but our company loss something 2 lac and that loss i have adjust so can i journal entry passed in tally regarding the loss ?. If passed the entry so how do the passed out the entry in tally. plz help me.
Note :- Our firm is proprietor firm and proprietor capital is 10 lac.

Many thanks to all experts in advance.

Thanks & Regards
Lakhan Madne

Is there any changes notified in the isca syllabus for November 2016 ?

Dear Team,
can any one help me Employee advance come under whish Accounts Head? it is unders Prepaid exp for Cash and bank. it is balance sheet part I am right?

Harshal konde

Dear Expert,
Tenders are invited through e-tender.Interested
Individual Bidders have to submit positive net worth certificate for the latest year.
But in stead of Net worth certificate he has enclosed I.T.Return with balance sheet report and solvency certificate.
Can it be accepted?

i taken a loan on 1/04/2014 Rs.200000. @ 12% from relative.that amount repaid Rs.200000 on 05/05/2014.but we did not pay interest still day . I have to pass journal entry in my books of account . so i requested you tell how to pass journal entry and what amt i have to pay to my relative ?

If we purchase chairs of rs. 8000/- for office use so it will be consider as a assets and should be posted in furniture & fixtures or should be consider exp. and posted in office exp.

The Audit fee for the FY 15-16 for our society is 10,000+ST=11,450. While making provision entry we have to show TDS and need to remit it before April 30 ?. I searched this matter in our site but I am in confusion. Experts kindly carify the same as it is useful for all. Kindly clarify the below which entry is correct.


1, Audit Fee 11450
Audit Fee payable 11450


2, Audit Fee 11450
XYZ 10450
TDS on Profession 1000