We are going to make Mezzanine Floor of metal In our Store Area due to store space is not sufficient to keep material. So we can keep racks on Floor and keep material in racks . So, I have few Query as below.

1. It will be Capitalized under which Assets Class ?
2. What will be useful life & Depreciation rate ?
3. Gst Credit can take or not ?

what is Funds in Transit and how to make
Journal entry in the books of receiver when amount not received on 31st March 2023.

We showed audit fees payable RS4000/ AS ON 31/3/2022 BUT MY AUDITOR BILLED RS6000/ IN September 2022 AND WE PAID RS 6000/ TO THEM. THEY ALSO CHARGED RS1500/ AS INCOME TAX RETURN FILING. HOW WILL WE SHOW DIFFERENCE OF RS2000/ IN AUDIT FEES IN OUR BOOKS OF ACCOUNTS? HOW WILL WE SHOW RS1500/ GIVEN ON ACCOUNT OF INCOME TAX RETURN FILING? PLEASE GIVE THE ENTERIES REQUIRED TO BE MADE IN BOOKS OF ACCOUNTS?

A debtor of my company did not pay me the dues so i issued a credit note to him to get GST refund. Now the question is as i have cash credit account in banks and is to provide stock sheet monthly basis to bank and the debtor did not return me the goods what entry i have to pass?

DEAR SIR, ONE OF MY FRIEND'S WHO HAS A PPF ACCOUNT WHICH COMPLETED 15 YEARS ON 31/3/2023. HE HAS DECIDED TO CLOSE THE PPF ACCOUNT. WHETHER HE WILL GET ANY INTEREST FROM 1/4/2023 TILL THE DATE OF CLOSING OF THE PPF A/C, SAY, 28/4/2023? THANKS & REGARDS

IF WE HAVE A PROPERIETORSHIP FIRM IN THREE DIFFERENT STATE LIKE PANCHKULA, DELHI AND GUJRAT, ON A SAME PAN AND WE HAVE OPENED BANK ACCOUNT FOR ALL TRANSACTION IN PANCHKULA STATE AND PAY ALL THE EXPENSES OF ALL THREE STATE FROM THE SAME BANK THEN HOW CAN WE SHOW THE EXPENSE PAYMENT IN OTHER TWO STATE IN TALLY PRIME.

As of now I am doing following entry
For example I am paying the exp. of gujrat. then
first In PKL
payment voucher
Dr. Gujrat (loan and advance)
cr. bank
second In gujrat
Pass journal voucher
Dr. expense
cr. PKL (unsecured loan)

When i am passing these type of entry then in the balance sheet both balances show in both state in their tally data.

How should we make it clear from balance sheet in tally data?

Hi Experts,

My Father has passed away on 2021.

We have a land and building on my Father's name which cost as below

Purchase of Land during 1987 Rs. 15000.00
Construction of Building with major and minor improvements Rs. 700,000.00
Re Construction of Building - by Availing Mortgage Loan
of Rs 20 lakhs Rs. 25,00,000.00

Total Cost of Property ( At cost Spent - market rate not considered) Rs.32,15,000.00

MY QUESTION IS

AFTER THE DEMISE OF MY FATHER, WE HAVE GOT THE LEGAL HEIR CERTIFICATE WHICH STATES THE LEGAL HEIRS ARE

MY MOTHER;
MY ELDER SISTER, MYSELF AND
MY YOUNGER SISTER

SINCE IM DOING PROFESSION AND PAYING INCOME TAX AS WELL AS THE ENTIRE LOAN AS STATED ABOVE ( TAKEN FOR PROPERTY)

MY QUESTION IS , WHETHER CAN I ADD THE PROPERTY IN TO MY FIXED ASSET SCHEDULE?

IF YES MEANS, WHAT WILL BE THE RATION?

SINCE IM PAYING THE 20 LAKHS LOAN TAKEN BY MY FATHER

WILL THERE BE ANY CHANGES IN RATIOS WHILE CONSIDERING THE PROPERTY

G mrng experts
Received bill for soft skill , communication training & for basic computer skill classes taken for students for a week by a training institute there bill includes training materials cost also total inv value (1,65,200/- for training class 1,51,200/- & material cost 14,000/-) now my question is whether TDS applicable for this situation or not if applicable means what % .

TDS applicable on full invoice value or it will applicable only for the services value (which means excluding material cost) Experts kindly advice me

Thank you

Dear CA Team Experts,
I want to know if i am working in the private limited as an Account Assistant and some question arising in my mind Please help me and give me Accurate answer with example Pls.
scenerio1 My company name is abc india pvt ltd and Company run by Two Director First is RAM & Second is Shyam and company
current account Maintained in ICICI Bank and Director Ram & shyam Maintened saving account with Canara bank & hsbc bank respectively but problem is that my company some payment & receipts transfer into director seprate saving account and director some entries transfered into company current account.
my company tell me please book the entries as well as maintained director saving account in the company account so please assist me via any example if i am booking the some entries so what is the nature ledger nature or leager under head name in tally i.e.
in company books of account :
Company current bank account Ledger under head ?
company director each saving bank account leadger under head?
when company transfer the payment & receipts (Small & Big) into director each saving account Ledger under head?
in saving books of account :
Company saving Bank account ledger under Head?
when some entries transfer the payment & receipts (small & Big ) into Company current account as well as director account what is the ledger under head?
can i Maintained the director saving account in company books of account sepratley if yes then please clear if director some small & big entries expenditure in daily routing basis so what is the Ledger under head ?
Kindly solve the problem with any practical example.
Thanks & Regards

journal entry of bonus shares received in the case of individual ,HUF and LLP
and also what should be taken value.
Please reply