Any loss in partnership firm will be distributed to partner's capital account just like a profit . is it true.

Loss of partnership firm how to distribute among partners, if there are profit sharing ratio is A-50%, B-40% and C-10% and Total loss Rs, 10,00,000
can i pass journal entry , and whether is true or false, please reply
A Capital Account Dr Rs. 5,00,000
B Capital Account Dr Rs. 4,00,000
C Capital Account Dr. Rs. 1,00,000

In an interview i was asked what is your role in finalization how you start your day...what should be the answer to this?

Dear All,

What will be the entry for recharge of Fastag for payment of toll charges. And also what will be the entry for payment of toll charges through Fastag.


Thanking you,

sir

we purchase and sale some shares please suggest entry in books of account is correct or not and how to withdrawal STCG from sale purchase

Purchase entry.

Investment in shares Rs.14325 Dr. ( Investment)
Brokage & other exp. 20 Dr.( Investment)
SBICAP Rs.14345 Cr.( sundry creditors)


Sale entry.

SBICAP Rs.14682 Dr.(Sundry creditors)
Brokage & other exp 18 Dr.(Investment)
Investment in shares 14700 Cr.(Investment)

please suggest how to calculate STCG

Sir
purchase shares 14345/- and Sale 14682/_ Profit Rs.337/- STCG Rs.51 it's correct way

Dear All,

We are an LLP organisation. I have received a purchase bill of December 2021 month in the month of February, 2022. The bill date is 20/12/2021 and received for entry on 22/02/2022. My question is what date should i consider the purchase bill for i.e should i entry in the month of December, 2021 as on 20/12/2021, or can i enter in the current month i.e in the month of February, 22/02/2022.

As far as my knowledge is concern, i can enter it in the month of December, 2021 as i can claim the ITC till the filling of Annual return for Financial Year 2021-22.

Please clarify,

Thanking you.

Sir,
A retaile pharmacy business gst registered composite scheme dealer sales of medicines to customers different types
1.sales of medicines in counter money through on cash mode
2.sales of medicines in counter money through on sweiping machine mode
3.sales of medicines in counter money through on google pay and phone modes
Question:
A dealer sales of medicines different transaction types cash received accounting entry passed procedure in books and
which accounting name create.

Sir,
A gst registered pharmacy business dealer
Sales of medicines to customers amount from customers different types
1. Sales amount to counter money through cash received
2. Sales amount to counter money through on sweiping machine.
3 sales amount to counter money through on google pay and phone pay modes from customers.
Question:
Dealer sales of medicines different transaction accounting entry passed procedure in books

Dear All,

Our is a LLP concern. We have purchased Lens for partner from Lensfit Inernational Pvt Ltd billed in the name of LLP. Payment is made by partner from his personal account. Can we claim the ITC for the same and can we take the bill into LLP books of accounts. what will be the expense head for account. Please clarify.

Thanking you.

Dear all, I want to know that in Schedule 7A , for Opening cash and Opening Cash at bank , balance of which date we have to consider or do we have to deduce ? how to calculate on approximate basis?