What is the treatment of trade receivable related to previous year confirmed not to be collected in current year i.e, bad debt as per Ind AS.? No provision is made in previous year for bad debt.
Weather it should be recognized as bad debt in current year profit and loss account or should prior period financial should be restated (reduce income of comparative year)?

Hello Sir,

We have raised to invoice (In Euro) to our party which is situated in spain.

Mistakenly they have initiated payment to our Holding company in United Kingdom.

Amount received in Holding Company is in GBP currency as it is situated in UK.

Our Indian books of accounts are still showing that Amount receivable from Spain Party.

What Accounting effect should be given to close this invoice from AR report ? Please guide.

In Tally prime, How to enter Freight charges under RCM? Please clarify

whether security transaction tax deducted from Mutual fund profit while calculating Mutual fund profit short term or long term.

how to transfer goods from godown to place of business of same firm.

Whenever we interfacing we found all sales invoice in invoice mode. When we want to alter the entries against the references we are forced to change into JV. Now what we request is how can we enter our references in the invoice without changing the mode(Invoice mode).

while maintaining books of accounts of proprietorship firm How to maintain bank account that is opened jointly bank account.

I Have to maintain joint bank account of proprietorship firm , My question is that how to maintain receipt and payment and also Interest earning how to divide between joint bank account.

Hello All,

Renovation of office taken on lease for 5 years, should it be capitalized or shown as expense.

My clients

1. Laptop broke

2. She got a quote from Apple to fix

3. She purchased a new laptop as She was told the processing time was so long for insurance

4. Submitted quote for fix and a new laptop to the insurer

5. They paid for the amount to fix, not the full replacement, minus vat

How to account this and which nominal to use for the amount received from insurer