I AM WORKING AS A ACCOUNTANT OF 2 SCHOOLS, 1 COLLEGE, 1 TRUST & 1 PERSONAL A/C. THIS ALL PROPERTY BELONGS TO ONE CHAIRMAN, AND HE GIVES HRA TO SOME OF THE STAFFS IN SCHOOL AS WELL AS GIVE HIS OWN PROPERTY FOR HOUSE RENTAL. THEN HOW TO MAKE ENTRIES IN SALARY OF SCHOOL & RENTAL ACCOUNTS OF PERSONAL A/C.?
TALLY ENTRIES REGARDING
I HAVE MAINTAINED 5 COMPANIES IN TALLY, BOTH COMPANIES WILL COLLABRATIONS WITH PAYMENTS, IF 1st COMPANY WAS NOT HAVING FUND TO TRANSFER THE AMOUNT TO SOMEONE, I WILL TRANSFER IT FROM 2ND COMPANY INSTEAD OF 1ST ONE. NOW IN TALLY HOW TO PUT ENTRIES IN 1ST COMPANY
Dep as per Companies Act
I am charging dep on computer for 3 years
After 3 years the value of computer is coming to its salvage value.
Can I nullify the assets by charging dep on salvage value ?
e.g Yearly dep is Rs. 50 and after 3 years assets remains to Salvage value which is Rs. 5
so can I charge Rs 55 (50+5) as dep in 3 rd year ?
Is mandatory to pay within 45 days to MSME
is mandatory to pay within 45 days to MSME entities. if payment made after 45 days , what will be the consequences. And whether it is mandatory to present in balance under Trade payable seperately.
Above Rs. 5K should be capitalised
whether above Rs. 5K should be capitalized.
And while payment in cash whether revenue stamp is required to affix on payment Rs. 5K. on payment voucher.
Advances paid for capital work in progress
according to schedule III
accounting group for advance payment for CWIP .
Is overtime part of salary and wages
is overtime part of salary and wages.
Is bonus grouped under salaey.
Ageing schedule of Trade receivable and trade payable
what is ageing schedule for trade receivable and trade payable according to scheduled III of balance sheet.
GST Input Registger
can I make GST Input register monthly in this way
Sales 1000
Add Debit Note 100
Add GST Payable RCM 200
Sub Total 1300
Less Credit Note 50
Sub Total 1250
Less GST Input 500
GST Input RCM 200 700
Net payable by Cash 700
Is correct process
- GSTR7 VS GSTR3B
- Clarification on Monthly Reset of Invoice Serial Numbers under GST
- RENTAL INCOME-GST
- Share in property
- Strange tax problem
- When GST Audit required
- Charity and RCM
- GST Registration in two different states is required or not
- Long term capital gain exemption on sale of mutual funds
- TCS on travel expesnes
- Non inclusion of GSTN number of recipient of goods in tax invoice
- Head office to Branch
- E-Way bill for Ex works & FOB
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- Eway issued more than one
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- Query on INC 34
- Form 67 FTC
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CA Deepak Gupta15 July 2025
CAclubindia
HRA ENTRIES OF SALARY & ADJUSTMENT OF HOUSE RENT OF PERSONAL A/C