Daya

For under construction Building cost incurred for ATT Reticulation systems.
whether should be capitalised.


Daya
07 July 2023 at 11:58

What is retention Money

what is retention money and what will be the journal entry in the books of service receiver .
Retention money is 5% of total cost of project.
How to make journal entry of retention money held


Poonam Dwivedi
06 July 2023 at 13:49

Opening bank account for school

Sir we have a English medium school having affiliation upto class 8th English medium.

1.The school is registered under trust and trust is having it's pan and bank account. We wanted to buy a school vehicle so do we need to create a bank account for school separately or it can be bought through trust's bank account?

2. And if we want to open bank account on the name of school so what are the documents required?


Daya
06 July 2023 at 10:51

Is advance receipt is taxable

For any advance received , is income taxable.
and for the advance received whether invoice can be issued.


Daya
05 July 2023 at 13:30

Buy Foreign Currency EURO and sale

In India Buy 2000 EURO For Rs. and expenses incurred for Tour and travelling 1730 and 270 return to money exchanger my question is that how to make Journal entry of both payment and sale and whether whether foreign exchange Flu cation required in the case of individual not going for official Visit.


Daya

In India buy Foreign Currency EURO 2000 and paid Rs. 182154
My question is that how to make journal entry of EURO Buying in Books


chandrashekhar
04 July 2023 at 18:07

Gst and TDS enter in tally

Dear and madam
TDS 31 March 23 adjustment enter
And GSt 31 March adjustment enter in tally


vijay

Dear sirs
Seek your guidance on accounting of expenditure spent for fabrication, hardware and plywood and glass for recording studio which is more than one lakh all together in a society.

Should we capitalise this expenditure where it includes small small amounts for nails, fevicol, fabrication steel, labour charges. After capitalising what could be the rate of depreciation.

Seek your kind suggestion.


Mohd Pervez

Hi,

can we depreciate spare assets?

Thank you
pervez


Rahul Jain
03 July 2023 at 16:36

Depreciation ON CAPITAL SPARE

When a major plant is fully depreciated but is still running and capital spare item are replaced then will it be accounted as per the plant life(0) or according to the individual asset life as per IndAs





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