Hello,

I will be moving to a foreign country on work permit in a few days.
I need to know what steps should I take regarding my Bank Accounts /FDs which I operate in India as I will become an NRI.
I have FDs which will mature in 3 years in my different bank accounts.
Do I need to break my FDs and transfer all my savings money into a single account and the convert it to NRO account Or can I wait till the FDs mature and then close/convert the bank accounts to NRO?

Dear Sir,
We are manufacturer of Pharma products, we want to work for a Loan Licensee (having a self brand name), I want to know the procedure of work/ Accounting/ billing for loan licensee means how to purchase of Raw Materials & How to sale of finished goods and what's necessary records to be maintain for loan license? Please explain. Thank in Advance. IKRAMUDDIN SAIFI

we install a ppgi coated coil sheet for shade on roof for fire safety can we booked it in capitalized or under repair & maint. cost is 1 lakh approx?

What will be the journal entries of the following transactions of a college?
1. Capital Expenditure incurred from earmarked/designated fund.
2. Revenue expenditure incurred from earmarked/designated fund.

The company is preparing a set of unaudited financial statements for the striking-off company. The bank balance funds have been transferred to the shareholder company. What's the correct entry to be posted?

DR: Other equity or Retained Result
CR: Bank

Salary employee getting fixed salary every month ( HRA and other allowances inclusive) On this case how employee avail the benefit of HRA exemption under Section 10 (13A) of the Income-tax act,1961 with old regime. For residing actual he is paying rent to landlord and also have rent aggrement.

A tech logistic Advisory does following financial transactions
1. Gets prepaid money from its customers(B2B & B2C), a part of that money will be sales and other part will be passed on to Delivery Service Company because they actually get to that customer place and get goods and then go to destination to deliver goods
Journal Entry will be
1.1 Bank A/c Dr. 1,000
To Adv. From Customers. 1,000
(Being Prepaid money received)
1.2. Adv. From Customers. Dr. 100
To Sales. 100
(Being Sales for Delivery Advisory Service)
1.3. Adv. From Customers. Dr. 900
To Vendor Delivery Co. 900
(Being Delivery Charges Payable to Vendor Delivery Co.)
1.4. Vendor Delivery Co. Dr. 900
To Bank. 900
(Being Delivery Charges Paid)

The above entries are fine and easy.

But I want to know how to account for Cash on Delivery transactions. Sometimes, customers will have C.O.D. so I am liable to pay him the COD amount which I get from the Vendor Deliver Co.

Dear Sir/Madam,

Can any body please share Cash Flow & Fund Flow statement format in excel with formula etc.

Thanking you !

Regards,
Krishna

Company Owner Purchase Gold Worth 1,50,000.00 For Personal Use From Company GSTIN . Then What Will Be Entry In Company Books

Can anyone please guide me regarding the journal entry for Interest on Loan during the Moratorium Period? As interest gets added to the principal outstanding amount, we can not claim it as an indirect expense under the profit and loss account. Then do we have to capitalise the interest amount as we need to balance the loan account as well?