Daya

How to provide Balance confirmation ledger
If somebody ask balance confirmation ledger
If ledger not found in my books
If Ledger found in my books but balance is NIL
what exact word use to provide balance confirmation ledger for
Use Not found in books -NIL or Zero
Ledger found but balance is Zero- -Nil or Zero use


umesh kumar

HELLO SIR/MADAM

MY FIRM IS PARTNERSHIP FIRM AND FOUR PARTNER IN THE FIRM ENCLUDING ME. SIR/MADAM FEW DAYS BACK I BOUGHT A NEW CAR AND FOR THIS SOME PAYMENT I PAID FROM FIRM ACCOUNT THROUGH CHEQUE AND SOME PAYMENT I PAID THROUGH CASH AND BALANCE PAYMENT I PAID THROUGH FINANCE WHICH I BORROWED FROM BANK WITH MY PERSONAL NAME BUT THE LOAN EMI IS DEDUCTING FROM MY FIRM ACCOUNT. PLEASE TELL ME HOW WE DO MAKE ENTERY IN OUR FIRM ACCOUNTS BOOK ?


rp h
25 March 2023 at 14:00

Personal consultation

Hi
I want to personally consult a professional who has accounting work experience in manufacturing companies. Use of standard costing , adjustment of variance in wip and closing stock,calculation of stock value,
, monthly accrued expenses entry ,etc.
Any experience person may contact me at rphouse17@gmail.com
Thanks


CA Mohan Jain

If a German Company is providing Construction service to a Indian Company under Lease Operate and Maintain Model (LOM) model, then the revenue from such contract will be recognised as Financial Income or Operational income.


Daya
23 March 2023 at 12:19

Accounting entry while making

Accounting entry while making Export -FOB
Accounting entry while Import -CIF
what is rule.


Daya

how to identify current assets and non current assets while making balance sheet under schedule III.


Rahul Sangani
21 March 2023 at 16:32

ENTRY OF UNSECURED CASH LOAN

Sir, we have taken an amount of 10,000/- as a cash loan from a person, which has been utilized to pay an outstanding of a firm. Now, we have paid back 10000/- as a cash to that person post collection from members. Now, How should we enter these multiple cash entries in a balance sheet ? Like, Unsecured cash loan, payment to other party, repayment of cash loan. Thnaks


RevathyBaskar

DEAR EXPERTS
Greetings...…..,
Received invoice from a pvt ltd company for (service charges on AI based remote proctoring service for conducting entrance exam through online ) value RS 76,700/- including 18% Gst. As per the terms service charges are covered under TDS , whereas my question is conducting online exam through a private software is applicable for deducting Tds or not. Experts kindly advice me with your valuable answers.


CA Parul Saxena
21 March 2023 at 12:33

Month end closing query

What to do in month end closing? I know year end closing. At the year end closing Dep is recorded, provisions-income tax,payroll are recorded, TDS and GST adjustments are recorded.
One more question 2B is finalized upto 13th of next month suppose month end closing is done 10th of the next month and if we found some entries in 2B which are skipped to be recorded in books then what to do record the transaction in the same month or next month?


Prapti
21 March 2023 at 11:41

Treatment of advance received

If the payment is received from the client on advance basis in March, rendering of services will take place in the month of April. Is it okay to raise a bill in the next month when actual services will be provided? Or it needs to raise by this month since the amount was received in this month?






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