Hi sir/madame,Im confused with this question,i.e. I had invoiced to the party ie "debtor",amounting rs.62515.But he has paid Rs.62512 only against invoice.Now difference amount rs.3,what should i treat in the books of my accounts.Please any one guide me for solving this problem...

Dear Sir

As per bank statement bank has deduct some amount under SGST and same reflect in 2A.
but bank staff not able to provide the invocie so can i avail input tax credit on bank exp.

WE have prove bank statement.

Dear Sir,

We have hired a advocate for legal & Professional matter in January 2020. in Jan We have issued a advance cheque for Rs.11000/- Now we have received bill from advocate Rs.44400/- so please advise in tally which head i book this exp. Can we need to deduct TDS and need to pay RCM on this
If yes how much TDS and how much RCM
Please advise

I have bought an under construction flat from builder.

date of allotment letter is 1.4.19
sale agreement is on 1.7.19
Registry date 1.7.20

on which date shall I book this property? and how all the payments made so far to be treated? before which date all payments are advances and after which date builder becomes creditor/liability.

SIR
A private ltd normally will have its bank account for its business operation. Suppose the director of company have other businesses, can he use the bank account of Private Ltd Company for other business operations?

If yes, whether the transactions of other business should first be accounted in the books of Pvt Ltd Company and then, journals to be passed with other units? OR they should directly be accounted?

thanks in adv

Dear Concern (s),

I am working as an accountant , now i want to learn foreign accounts ,
Any body help me how can i learn it ??


With Regards
Parvinder Singh

SIR

A Transport Private Ltd Co.having all its trucks in the name of director, issues bills in its own name for the services provided to his party. Then, Party remits the payment after the deduction of tds.

Here, should the company issue any declaration for having the ownership of all trucks in the name of its directors to the service recipient like individual transporter?

guide me please.
thanks in adv

SIR
We,Private Ltd , are providing transport services - No vehicles are in the name of company but only the directors of the company have the vehicles.
Whether the income and expenses of vehicles should be accounted in the books of Company or in the books of individual (i.e) directors?

In case the accounts to be made in the books of individual (directors), Should the directors be treated as sub- contractor to the business?

thanks in adv

SIR
We,Private Ltd , are providing transport services - No vehicles are in the name of company but only the directors of the company have the vehicles.
Whether the income and expenses of vehicles should be accounted in the books of Company or in the books of individual (i.e) directors?

In case the accounts to be made in the books of individual (directors), Should the directors be treated as sub- contractor to the business?

thanks in adv

I Arun Thomas have made an NEFT of Rs. 5000/- to Mr. Manoj. so my first accounting entry will be
Arun A/c Dr. (NEFT)
To Manoj A/c.

unfortunately its unpaid & bank returned it.
so how to treat it & what is the term used for it,,, like (Check Bounce)

Please advice