I am working in IT (Information Technology) company and they have planning outside trip every year for employee's , So can company book trip expenses (i.e Bus Rent, Hotel Rent, Food Expenses) in there books of account. If yes what is the expenses limit.

SIR,
Sec 44ada it return filed assessee outstanding ledger balance creditor and debtor in books as on dt:31-03-21
Q.no.1:
Cash loan from creditor balance rs:4 lacs(name :A)
Cash loan to debtor balance rs: 5 lacs(name :B)
assessee creditor(A) balance amount rs: 4 lacs transferred to debtor(A) account adjustment entry passed in books and remaing balance amount rs:1 lacs cash receipts from debtor (A) received in f.y.21-22
Q.no. 2:
Cash loan from creditor balance rs: 4 lacs (name :A)
Cash loan from another credtior balance rs:1 lacs (name :B)
Cash loan to debtor balance rs:5 lacs (name:C)
assessee creditor(A)balance amount rs:4 lacs and another creditor(B) balance amount rs:1 lacs transferred to cash loan to debtor rs:5 lacs (C) adjustment accounting entry passed in books in f.y. 21-22.
question:
Assessee above mentioned two transactions accounting entry passed in books accepted it act.

Dear Sir, I have taken input of ITC as per GSTR-2B for every month in gst returns. Now i want to change my books of accounts as per my GST return filed. for example - Some Bills raised to me in the month of may 2021 and i have entered those bills in may month in our books but such bills are shown in June GSTR-2B so i have taken the input on such purchase not in the month of may but in june. Now i want to recify my Duties & Taxes ledger as per Gst data filed. Kindly Assist.

Sir / Mam

In a Pvt Ltd co, there is any limit to a director for maintaining his suspense account?

please reply

thanks in adv

SIR,
Assessee maintained single bank account show in books and it returns.but assessee AIS AND TIS information download another bank account detailes mentioned.2 nd bank account transactions entered in books cash balance shortage in books.
Question:
Assessee how to adjustments cash balance shortage in books.

Sir / Mam

We are GTA (Private Ltd) and do transport services using the Trucks owned by our sub-contractors.
We are paying the expenses such as Toll Charges and Diesel by Our Own Fastag and Fuel Cards on behalf of sub-contractors and adjust the same in the sub-contract payment.

For Example, If I go to account Fastag / Fuel Card Under the head Direct expenses in our book, the Journal entry will be,

While We recharging the Fastag / Fuel Card,

Dr Fastag / Fuel Card 1000
Cr Bank A/c 1000

While Adjusting the same with sub-contract payment,

Dr Subcontractor 900
Cr Fastag / Fuel Card 900

At the end, the closing balance will be Rs.100/- on Fastag / Fuel Card.
As it is not our own expenses,
Kindly please advise us Under which head, the fastag and Fuel card to be accounted for in our books because both have the closing balances at the end of year?

Thanks in adv

Dear Sir,

Please let me know for Purchase of Electrical panel with meter in which head of account and under which group i need to account this in Tally and for this will depreciation applicable if yes can we take GST input benefit or not.

Awaiting for your soon reply.

Thanks
Kiran

Respected Sir / Madam

Please let me know the meaning of the Scheduled Bank. What is the percentage of Security towards funds invest in the Scheduled Bank? Today which banks are the examples of Scheduled Banks? Futher, What is the difference between Scheduled Bank and Nationalised Bank? Which bank is more reliable The Scheduled Bank or The Nationalised Bank? Please guide.

Sir,
Assess accounting records maintained head office and branch office.but assess branch office rental income show in head office accounting books credited.
Question:
Assess how to accounting entry passed procedure for rental income
Head office books transferred to branch books .

Sir when sharewarrant are issued they give right to warrant holder to purchase shares at a predetermined rate and at a specified date so they create obligation on company to issue shares to warrant holders so it should be classified as liability but why they are shown in shareholders fund in balance sheet.