Accountant took entry of taxi bill by deducting TDS but I have made less payment after that some deduction, finally his books of account shows difference of amount Rs. 888/- Cr.
Now new bill submitted Amount Rs. 9459/- and he advice me to pay him 9373/- as per following
9459 - 888 = 8571
less TDS 1% (86) = 8485
Now add diff = 888
and paid him = 9373/- is it correct to set off difference in books ?

Hi All,

Hi All,

Could you please explain what is the accounting treatment of fully depreciated asset which still use in business after fully depreciated and how to show in balance sheet.

journal entry and how to disclose in books of accounts?

Thanks

Sanjeev Kumar

I was a salesperson for a shop.. But now I have taken a risk to start my business, My plan is to buy tea from local dealers... And blend some variants of tea powder to give a superior taste and pack it under my brand name... please suggest me legal procedure of gst and other compliance And also pls suggest opening a current account in which bank will be beneficial for me.... would be greatfull if someone helped thank you

Have filed by mistake wrong HSN summary in GSTR1 what impact it can have and can we rectify it Thanks in advance

what will be the accounting groups of
CGST Receivable ( Input)
SGST Receivable ( input)
IGST Receivable ( input )
whether it can be shown under Loans and advances ( Current assets )
is correct way to show.

There were two assets in a block A worth 100000 and B worth 150000 on 1 april. If an asset is purchased during the year more than 180 days worth 200000. Now if both the assets A and B are sold worth 200000 during the year. What would be the depreciation?? Thanks

partnership firm has taken insurance policy of employees, one employee got injured he spent rs 35000 in hospital company give him (to employee) rs 15000/- and put claim to insurance company when insurance company pass that claim remaining amount will com in company account then company will give that remaining amount to that employee

An asset is manufactured at a cost of rs 200000 on 1st October for which loan of rs 150000 was taken on 1st April of that year at 10% p.a.The entire loan was outstanding till the end of the financial year. Which of the following is correct?

A. Capital expenditure Rs 200000 and revenue expenditure rs 15000

B.Capital Expenditure Rs 207500 and Revenue Expenditure Rs 7500.

C. Capital expenditure Rs 215000

D.None of the above.


Please answer with proper explanation.

whether air conditioner(AC) can be classified as "Office equipment" or "Plant and Machinery" in accounts

Hello everyone...

We are having a branch in the same city as that of the HO. Having same GSTIN for both. We are showing the transfers to branch as stock/branch transfer. So no gst at the time of transfer. Showing the tranafers at shop selling rates.

I want to know the value at which the stock sent to branch will be shown in tally in the books of HO. And what will be the amt that the branch will be remitting to HO ??