dear sir

in hotel industries if concern asseessee having hotel property on rent agreement and concern assessee made expenses on furniture fitting. addition in such property ..!!!
so my query is accounting treatment of such exp ...!!
whether i have to book as revenue .. or capitalized such exp..!!!
if i have to capitalized then how ..? because i have such hotel building property on rent ..!!
i hope i will get correct answer from experts and my senior ..!!
thank's

what is the limit for deposits by directors or their relatives i.e. to what extent directors or their relatives can provide loan to the company ?? can companty can accept unsecured and interest free loan from directors or their relatives ??

I have purchased 5 fans for Rs.2300/-each for office on same date.Do I have to create different ledgers for fan's under fixed assets or a single ledger?
Also show how I make the entry?

Dear Sir,

I am Internal auditor. the company is using Tally accounting package. How can I find the back dated Journal voucher entered in tally.
The accountant as passed JV of 18TH Nov 2015 in current date. But he is telling that he has passed in Nov 2015 only. How can I check on which date the JV was passed by the accountant in Tally.
Please guide me.
Thanks
Jayesh shah

our company purchased mobile phone and tablet for employees.
cost is born by co.
however as per co policies, mobile phone will become the property of the employee after 25 months of issue.
if employee leaves before that period then bal of instalments will be deducted from his salary and employee has no option to return it.

my queries are:
1. whether to treat them as asset and charge depreciation. if yes, then what is the rates of depreciation?
2. whether it is practical to treat it as routine business expenditure?

pls advise.

A person "X" who is an NRI gave a loan to a friend "Y" in good faith of Rs. 15,00,000/- in India in Indian Rupees. Y took the loan for a proprietory concern ABC which belonged to a student of Y. Now, ABC is running into losses even though the loan was taken and expenses was incurred against the loan in ABC concern. Now, Y wants to incorporate this loan taken by X in the books of a pvt. Ltd. Company owned by Y himself, in which he is a director. No cash inflow outflow has to be shown. Please advise how can the loan appearing in the books of the loss making concern ABC can be transferred in the books of Y's Pvt. Ltd. Company? Can this be done through accounting entries? or is Slump sale a good option for Y's Pvt. Ltd company to buy ABC in slump sale agreement for a nominal consideration? Or can a bill of instrument can be used here by ABC to pass the loan to Y's comapny?

My college is in Asansol and I wanted to do articleship in Kolkata? how can I do?

I am working in proprietorship. I want to ask that can I book expenses made on Proprietor's home and farm hose i.e. rent of genset under 'proprietor drawing' account. But if i do this than capital will be decrese.

Read more at: https://www.caclubindia.com/forum/proprietor-s-expenses-349626.asp

Dear all, a very simple question, can anybody tell me why opening stock and closing stock are considered for deriving profit? Ex: sales closing stock-opening stock-purchases-cost=profit. Whereas actually the profit is sales-costs.So why stocks are considered?

journal entry for:

loss from short term capital gain & long term capital gain? as well as gain from short & long term?

how to show in proprietor books of accounts? help........