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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Bank expenses ( Drawing) For Bank expenses
Medi-claim Expenses For Health Insurance for section 80C
Life insurance expenses for Life Insurance paid For section 80D
Donation for Donation paid for Donation paid under section 80G
Travelling expenses To Know separate total expenses incurred
Drawing ( for other expenses )

Accounting treatment of Advance tax and TDS paid by LLP and year end entry made by firm in the
books of LLP
In the books of LLP at the FY end
Partners capital account Dr.
To Advance tax

Now can i book the advance tax paid by firm in my books as Advance tax personal expenses in the FY year end in partner books
Partnership firm expenses A/c Dr
To Partnership firm A/c

Where should the profit earned by LLP transferred after finalization ? General Reserve ?

Please guide.

Company is making the provision for property tax on its building, Since the disputes with the municipal authority it will not be paid before filing the due date of return of income, payment will be made only after getting the property tax assessment order from the dept. whether we need to provide the deferred tax treatment in the books of the company as per AS 22