If A imports goods through sea and enters into a high seas sales transaction with B. And B before receiving goods enters into high seas sales transaction with C. So in books of B, seperate entries is to be made for purchase and sales or a single entry of net difference i.e. purc hases & sales is to be passed. Kindly explain the journal entries also.

respected sir, give me some idea of what is the t-bills.. I saw news that rbi likely to sell 91 days t-bills at 8.35%

rate of pf is 12% of salary such amount is deducted from salary and employers contribute equal amount but in the challans admin charges also there and various bifurcation like ac01, ac10, ac022 can somebody tell me about these bifurcations?????and after adding admin charges and employers pf in challans this amount must be matched with employees'pf amount in challan????

we sale solar items,
sale is recorded on receiving full payment, but after invoice is prepared and stock is out from our store, our staff goes to install solar on customer place, what shall be the treatment of this travelling exp
should this be booked as travelling or cost of items?

we sale solar items,
sale is recorded on receiving full payment, but after invoice is prepared and stock is out from our store, our staff goes to install solar on customer place, what shall be the treatment of this travelling exp
should this be booked as travelling or cost of items?

What will be the rectification entry for unrecorded purchases of PY in CY books? Does these unrecorded purchases will have any effect on opening stock? If these recorded in CY, will it be disallowed as prior period expenses or not?

Indo diagnostic has a sample collection center in San verco, which collects & sends the samples to Indo Diagnostic on daily basis at a conveyance charge of Rs. 40 for each delivery
Dr. A. Chadha who is working with Indo Diagnostic is referred to the San verco patients being a local doc. He also sends his patients samples for tests to Indo Diagnostic.
The fee for such tests at doctor's place and San verco center is accumulated at doc's clinic and the same is sent to Indo Diagnostic every now and then.
In tally, book the daily transactions of San verco Center & Dr. A.Chadha in the books of INDO DIAGNOSTIC specifying the the voucher, a/c head,etc. Also taking in concern the cash received, discounts given, amount due with patients, and aggregate amount due with the doctor at the month end.

Indo diagnostic has a sample collection center in San verco, which collects & sends the samples to Indo Diagnostic on daily basis at a conveyance charge of Rs. 40 for each delivery
Dr. A. Chadha who is working with Indo Diagnostic is referred to the San verco patients being a local doc. He also sends his patients samples for tests to Indo Diagnostic.
The fee for such tests at doctor's place and San verco center is accumulated at doc's clinic and the same is sent to Indo Diagnostic every now and then.
In tally, book the daily transactions of San verco Center & Dr. A.Chadha in the books of INDO DIAGNOSTIC specifying the the voucher, a/c head,etc. Also taking in concern the cash received, discounts given, amount due with patients, and aggregate amount due with the doctor at the month end.

Can a share of listed company be carried at market rate if market rate is lower than purchase price in the Balance Sheet?

If the trade in listed share is suspended for whatever reason, can the share be carried at last traded price in B/s if that price was lower than purchase price?

Would such notional loss be treated as Short/Long term Capital Loss and be set off from other Short/Long term capital gain?

Dear Team,

i want to know about Construction accounting.
is there any online books or Notes available related construction accounting.