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 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.

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.

according to schedule III
accounting group for advance payment for CWIP .

is overtime part of salary and wages.
Is bonus grouped under salaey.

what is ageing schedule for trade receivable and trade payable according to scheduled III of balance sheet.

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

Prepaid expenses Like insurance when should be capitalized and when not should be capitalized, is any criteria .

can i pass
when take services and purchased Goods
CWIP A/c Dr ( Under Group) Fixed assets
To Vendor ( Under Non Current assets)
when it transferred to fixed assets
Fixed assets ( Building / Plant and Machinery)
To CWIP A/c
Is correct process to transfer it.

Insurance exp. paid regarding insurance of car ,
my question is that insurance exp. should be added to cost of car and charge depreciation and second time onwards insurance exp.
should be divided between two Financial years and charges to P/L account when expenses related to 2 Financial years.