If any statutory body instructed bank to create a lien for any transaction and the same was not removed in the date of signing of audited financial what will be the discloser note . Should we considered as temporarily impairment to the extent of lien amount or to disclose as temporarily restricted to the extent of lien amount.

Say, I have bought an asset for Rs. 12 Lakhs on 1 December 2022. The expected useful life of asset is 1 year. Where the asset is shown in balance sheet on 31 March 2023?

Dear sir,
This is Request to you that , we have running feed manufacturing unit( partnership form ) and turnover of monthly of Rs 5 Cr and yearly 60 cr .
We sold the feed 80% of Sale GST Unregister persons , so E waybill and e invoice Require or Not Require , kindly suggest to me

Thank you.
Srinivasa Rao

TDS charged by bank on FD sweep in interest received @ 10% .how should pass the entries .
Institution fee collected such bus fees , tution fee from primary , highschool & College can I create separate ledger nd post the receipts instead of using cost center.

Dear Experts,


Kindly let me know What is the Criteria or Procedure to be satisfied while posting Bad debts wriiten Off entry in Books of Accounts?

Thanks in Advance

whether any drawing made are reduction from capital accounts.

why Books of accounts ( stock) maintained as a FIFO Basis.
is any specific reason.

Journal entry in the case of right issue in the case of individual without cost
can i pass journal entry in the books of individuals
Purchase of shares A/c Dr .01 Paise
to Capital A/c 01 Paise.

I saw a journal entry in the case of individual books
Firm expenses A/C Dr.
LLP A/c Dr
To Profit and loss A/c
I mean what is firm expenses in the case of individual books.

whether accounting group can be created in the case of individual
Life insurance expenses ( Drawing) For Life insurance expenses to Claim under section 80 C Mediclaim Expenses ( Drawing) for Health Insurance to claim under section 80 D
Donation Expenses ( Drawing ) for donation paid under section 80 G
Bank expenses ( Drawing) for bank expenses paid
Travelling expenses ( Drawing ) for Travelling expenses
Drawing ( For all other expenses )
Or any other Drawing Expenses can be created for income tax purpose like created Life insurance,donation Expenses etc. Please suggest.

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