We are small manufacturing company. We are charging design chgs to our 1 customer. How can I pass the sale/income entry in our books of accounts. How can I treat this Income. Can I pass sale entry or JV for the same.

Sir,

Payments made to the contractor for construction of buildings after deducting TDS.

Whether payments will be booked under the head Buildings?

Please suggest.

whether depreciation On Purchase value including its installation cost , repairs on it and freight cost (if any).

is depreciation charge on put to use when assets require installation/Fitting
Like plant and Machinery, Electric Fitting , Building
is depreciation charges on put to use when assets received on ready made received Like Furniture etc.

whether Amortization of an Intangible Assets is depends upon Finite useful life or Indefinite useful life. which AS says.

How to pass Insurance Mediclaim entry in books ?

Because we are debiting an amount to P & L, which is not matching with actual insurance taken from Insurance Company

◾ Administrative fees - 1116.65 SAR (Without 15% VAT value 971)
◾ Finance commission - 37896 SAR (No Vat)
🛑 Price of goods(VEHICHLE) - 121440 SAR (Without 15% VAT 10,5600 )

⭕TOTAL NET AMOUNT(WITHOUT 15% VAT) - 971+37896+105600 = 144,467
⭕TOTAL VAT - 15,985 SAR

TOTAL PURCHASE INVOICE VALUE - 160,452.65 SAR

FINANCE DETAILS GIVEN BELOW

TENURE - 36 MONTHS
DOWN PAYMENT - 24300 SAR
Administrative fees - 1116.65 SAR
1st EMI - 3,843.35 SAR (EMI-3751 + 92.35 INTREST)

TOTAL - 29260 SAR PAID THROUGH BANK (DOWN PAYMENT+Administrative fees+1st EMI)

(INTREST VALUE NOT SAME FOR ALL MONTH,SO TOTAL EMI VALUE GIVEN BELOW)

INTREST TOTAL - 2732.40 SAR

FINAL EMI SETTLEMENT - (18216 + 1.97 INTREST) SAR

what is accounting group of Dividend receivable as per scheduled III of companies act.

Furniture Capital assets purchased in FY 2022-23 but not put to use in FY 2022-23.
My question is that whether furniture to show under Property plant and Equipment as fixed assets or Capital work in progress on 31st march.

capital assets in transit on 31st March,
when to book in books of accounts as per accounting standard.
date of invoice or date of receipt of capital assets.