Indian Partnership Act 1932 does not makes it clear about the number of years of rendition of accounts.How many years of accounts has to be submitted before the arbitrator in case of dissolution of an unregistered partnership firm? Is it eight assessment years as stated by the Income Tax Act?

why don't we charge interest for credit sales.
also salaries of a month are giving on the next month is it a loss to the employee as he loses his ability to earn income from such salary

Why most people consider accounting profit and not economic profit. And from our childhood itself we learn about accounting profit only. Why so?

what is key point of GAAP and what point should keep in mind while making journal entry.

Hello everyone out there. I am working in Interior design firm. We hire labour agencies such as painter or carpenter who usually charge amount on the daily basis. So shall I consider the services provided or material brought by them as purchases or shall I treat I as expense? And if it falls in expense, then is it a direct or indirect expense?

Hi everybody,
i am a finance officer in construction company. i would like to prepare accounting manual for maintain accounts systematically. can anybody send me the format please

Hello Sir

Our company is dealing pumps & bottles like cream pump etc. We import the material in other countries & also our company registered in MSME. Please guide me we are cover in E Wastage Management Rules'2022 or not.

B ltd is subsidiary company to A ltd and C ltd is associate to A ltd. B ltd has disposed a business unit under demerger to C ltd. now C ltd as purchase consideration issued its shares directly to share holders of B ltd. Since A limited is also share holder of B ltd it received shares of C ltd. Now what is the accounting treatment for the transaction in the books of A limited?.

Note: A ltd has recorded investment in subsidiary company B ltd at cost. Therefore there will be no change in value of investment of B ltd in the Books of A ltd after Demerger. But A ltd will receive shares of C ltd the resulting company.

Dear Experts
Gud morning all....
In our university we have planned to provide food for maintenance team on daily basis from canteen (which is located in our campus for rent basis). Now I received food bill from them which also exceeded the threshold limit (bill value Rs 60,000/-) their pan belongs to INDIVIDUAL there is no service tax or GST in the bill. now my question is do I need to deduct TDS @ 1% from the bill value or not? Experts advice mee.

Treatment on purchase of fixed assets
In the case of profit,
Loss

In the case of revenue expenses or revenue income
Profit
Loss.