i taken residency of other country and opened company and personal bank account. opening business account also. i will not stay in india to be nri.

someone say if i open a company in foreign it is require by rbi to transfer capital for company from india. that is real? i have to or not?

the country i opened company in do not say to transfer capital. no such rule. so why india rule for foreign company? help please

Dear sir

I am little bit confused , i am pay the office and godown rent. But our godown in different location & landlord of both different person. We are liable to deduct the TDS or not?
rent ofc 17000 & godown 10500

I have provision made for Rs. 50 K on professional services
and invoice received Rs. 45 K then whether entry made are correct or not.
Professional bills received from ABC Co. Ltd.
Entry for provision made
Professional Charges Dr. Rs. 50,000
To TDS Payable under section 194J Rs. 5,000
To Provision for Professional Exp. 45,000
On receiving invoice
Provision for Professional exp. Dr. 45,000
TDS payable under section 194J Dr. 500
To Professional Expenses Cr. 5000
To ABC Co. Ltd. 40,500
the above passed entry correct or not. please reply.

whether Party account will not be credited at the time of creating provision rather than it should be credited at the time when we receive final bill from Party.
Please reply

PROVISION FOR AUDIT FEES ON 31ST MARCH RS. 60K, From XYZ Co.
(1)Whether below entry made are correct
On 31st March entry made
Audit fee A/c Dr.Rs. 60,000
To Provision for Audit fees Rs.54,000
To TDS on Professional Rs. 6,000
On receipt of invoice
Provision for Audit fees Rs. 54,000
To XYZ Co. 54,000
(2) if provision made 60,000 on 31st march but bills received 50,000
what entry should be passed after receiving invoice
(3) if provision made 60,000 on 31st march but bills received 70,000
what entry should be passed after receiving invoice.
Please reply.

what treatment should be made of Difference in Trial Balance.

what is posting error and casting error in trial balance.

How to download E-Way Bill on monthly basis.

under Current Assets which group should be booked
Interest receivable,
Commission receivable and
Rent receivable.

Receipts and payment statement is prepared to denote the ACTUAL movement of cash during a period. Do the components of this statement change with the method of accounting system followed?

Ex: In mercantile system the heads of payments could be sundry payables and receipts could be sundry debtors or Grants received in Advance.
Do the heads of such accounts need to be modified to Telephone expenses (pertaining to sundry payables) and Govt. grant (pertaining to grant received in Advance) in case of cash system?