Sir/Madam
If company has shifted to new place and incurred expenses on wiring related to computer networks like server installation, wiring etc. then it will cover under which Asset head????????????

ABD (Proprietorship Firm) received Land as a gift Value Rs. 50 lakh &Reg Fess Rs. 60,000/- from mother .

Please suggest : Following Journal Entries is Correct or Not. If No, Please Reply with Correct entry

1. Land (Fixed Assets) -- A/C Dr. 50lakh
to Capital A/C Cr. 50lakh.

IN BALANCE SHEET:
ADD 50LAKH TO CAPITAL A/C IN LIABILITY SIDE AND ASSETS SIDE : 50LAKH SHOW SEPARATELY.

2. Registration fees will be added to Value Of Land or Not ?
plz reply as early as possible

THanking You
Bikash Rai

Can anybody provide me the entries in tally of of future & option .

only contract with me . how to know expiry or settlement date .

& how to maintain shares in closing stock as on 31/03/2021.

Dear Sir

Please advise I have made FD in RS.500000/- in today and one FD Rs.850000/- will renewal in current month September. So these are high value transcation can it reflect in my 26AS SFT colum

Our Company issues Inventory Items to Contractors for execution of Capital Projects.
What should be the accounting treatment. Currently it is transferred to 'CWIP-Stock' on issue.
Is it correct to book it as 'Advance to Contractors'.

One of my creditor is showing a debit balance to the amount of his debit note(purchase return). The payments are already paid in full and no bill are adjusted can anyone help me how to post it in tally. If possible give journal entries.

Dear Team members,


Good day.

1) What is Cost of Goods Sold & What is Cost of Sales ?? What are its Advantages & Disadvantages ??

2) In the "Chart of Accounts where nd. all - Cost of Goods Sold and Cost of Sales will appear ?? On What Concept (Logic) ?? ( Like in "Trial Balance & Profit & Loss A/c & in Balance Sheet; May be if you can more be Specific" )

Can anyone please 'Explain / Clarify'

Kindly do the needful.


Thanks & Regards

MY CLIENT IS A PARTNER IN TWO BUSINESS CONCERNS AND HE IS A SOLE PROPRIETOR IN ANOTHER ONE CONCERN.MY QUERY IS HOW TO SHOW HIS CAPITAL ACCOUNT BALANCE IN WHICH HE IS A PARTNER IN BALANCE SHEET?
WHETHER IT COMES TO CURRENT ASSETS DIRECTLY OR I HAVE TO MAKE ANY JOURNAL ENTRY FOR THIS?
PLEASE GUIDE ME

Please explain the accouting treatment of bad debts recovered under expected credit loss method as per Ind AS 109 and the presentation & disclosures in the financials with appropriate references.
Thank You
Kiran

Some material of opening stock items want to use for office and require to transfer into fixed assets. How the entry made in tally prime to transfer these stock items into fixed assets. Stock journal transfers only stock item to item. How to transfer stock item in asset ledger.