A individual earn dividend from non listed company , how i will make journal entry his books of accounts.
same a individual earn profit from Partnership firm ,
how i will make journal entry his books of accounts.

We have purchased office stationery and Furniture for the office before enrolling for the GST Number. But payment for the furniture and stationary was made by a third person who is not involved in business and has paid in cash for the same items and so I returned him money via business account (bank). How to make an entry of the same.

Thank You

Suppose X person works in ABC LTD. Who give Gift a Mobile of Rs. 1,00,000/- to Y person Who works in XYZ ltd. So, here this Transaction is fall under new TDS section of 194-R.

1. TDS need to Deduct of XYZ LTD / Mr. Y ?

Please also mention Reason to better understand.

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