sagar
This Query has 3 replies

This Query has 3 replies

04 January 2021 at 15:27

Accounting

Dear sir/madam
How to pass entry for a loss in previous year to current f. y. year in a partnership firm


kiran
This Query has 1 replies

This Query has 1 replies

30 December 2020 at 11:56

Ledger posting related query

we purchased a bus from tata motors through X-finance company is rs.20,00,000. The X-finance company paid the total amount of rs.20,00,000/- to tata motors. After Next month tata motors give a discount of rs.1,00,000/- and deposited into our bank account. so, how to post the ledgers? please


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

A partner ship firm unsecured loans name Mr.A Rs:1 lacs and Name Mr.B Rs: 1 lacs outstanding balance as per books 31-03-2020.but a partnership firm Name Mr.A Rs:1 lacs and Name B 1 lacs advance income tax paid through on firm bank account.
question:
a partnership firm how to passed unsecured loans written off account entries in firm books.


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

28 December 2020 at 09:59

Cash balance adjustment on in books

A retail rice goods business i t assess purchases of site value rs:22 lacs.but cash balance in books available rs:15 lacs as on site purchases date.
Question:
Assess difference amount rs:7 lacs how to adjustment produce in books.
1.cash sales increase or
2.cash loan received from difference persons (19,000/- *30 members) or
3.cash gift received from realities.
Above three options correct methods cash adjustment safe and allowed in i.t.act.


CA Aditya Shah
This Query has 3 replies

This Query has 3 replies

21 December 2020 at 13:21

IND AS

A private company has its Net worth exceeded Rs 250 Crore during FY 19-20.
When will IND AS be applicable from?


Sunil Kumar
This Query has 2 replies

This Query has 2 replies

21 December 2020 at 11:25

DEBIT NOTE RETURNS

I MAKE A DEBIT NOTE PURCHASE RETURN TO MY SUPPLIER AND SEND IT BY TRANSPORT AND MAKE ITS E WAY BILL BECAUSE VALUE IS MORE THAN 1 LAKH BUT SUPPLIER FIND SOME GOODS ARE WRONGLY SEND TO HIM AND RETURN BACK TO ME NOW HOW I LESS MY AMOUNT


sanjay
This Query has 3 replies

This Query has 3 replies

19 December 2020 at 12:32

Collaboration

Hello all
Pl tell the accounting entry for adjustment of floor sale to the builder in collaboration in the Books of owner of the property.
Kindly reply.
Regards.


kalai arasi
This Query has 1 replies

This Query has 1 replies

17 December 2020 at 12:21

Intangible Asset

A recruitment company developed an E-HR software to enhance their recruitment process. The software has been developed and currently in use. The use of the software is, their recruitment team will search for suitable candidates using the software. In subsequent years, they purchased candidate resumes to update their resume database. The additional resume should be capitalised or expensed off?


DEEPAK ADHIKARI
This Query has 1 replies

This Query has 1 replies

Sir/madam,
Our Co. has purchased earphone for an employee worth Rs.10000/- should I treat them as expense or asset ?


sankar ponnan
This Query has 1 replies

This Query has 1 replies

16 December 2020 at 11:26

Balance sheet

Sir
At the end of year, the balance sheet shows,
TDS Payable - Rs.400000/-
TDS Receivable - Rs.600000/-

How to close the above TDS account and carry forward it to the next year
Plz clear my doubt
thanks in adv






CCI Pro



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