Accounts QnA - Page No 64

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PRATHYUSH SHETTY

22 September 2023 at 09:10

Treatment of goods withdrawn for personal use

What is the treatment in final accounts if goods withdrawn for personal use given inside trial balance?

uma sharma

21 September 2023 at 12:24

Damage claim received from supplier

I am having business of chips and kurkure, i purchased goods worth 100000 plus 12000 gst. Later on 20% chips packets became damaged (packets depuffed and rat cutting ) etc . My supplier has a policy to send the goods to wasteline co. And nominal value of goods received from that company and leftover reimbursement is done by supplier . 20000 is my damages and 1000 i have received from wasteline and 19000 from supplier . I am paying gst on 1000 also its my sale . How will i account for 19000 in my books and also guide me gst is applicable on this or not ?

Francis George

20 September 2023 at 14:59

TDS on Calibration Charges 194C or 194J

Hello, Could anyone please help me on the below query

We received a bill amounting to Rs. 32000/- against Calibration Charges. The Calibration Charges were against Welding machine & Grinder machine.

Under which section & rate, TDS should be deducted 194 C or 194 J.

Daya

19 September 2023 at 21:33

Accounting group of

Goods in transit
Cheque in Hand
FDR,s
Sweep In

Daya

19 September 2023 at 21:15

Expenses allowed on cash payment basis

which type of expenses are allowed on cash payment basis.1

Daya

19 September 2023 at 21:03

Diffrence between FD'R and Sweep In

what are difference between
FDR's and Sweep In.
is TDS applicable on both interest received.

Daya

19 September 2023 at 20:54

Differences among

what are difference between Trade payable , Expenses payable and creditors.

Daya

19 September 2023 at 20:40

Reversal of expenses in normal case or statutory case

When expenses payable to be reversed
In the case of statutory payment
In the case of normal case ( Trade payable or Expenses Payable)

Daya

19 September 2023 at 20:28

Why should check expenses payable

why should check expenses payable during audit of last year expenses payable.

Manisha Makhija

16 September 2023 at 17:12

Gst credit impact .....very urgent

Hello
I have a registered supplier(our creditor) whose outstanding balance is 500000/- but we are unable to pay them full so we are settling their account on 350000/-..how to show this in tally and what would be gst credit impact...