Wall Painting = Capital Expenditure?
Ceiling = Capital Exp?
Tile = Capital Exp?
CCTV Installation = Capital Exp / Fittings?
Network Cable = Capital Exp?

Cooking Utensils, Serving Utensils = Equipments?

Staff Uniform = ?

POS Software Setup = Capital Exp?

Dear All,

Please guide me at what rate Security Deposits Received/Paid are to be dicounted to arrive at fair value as per Ind AS 109 ?
And what is Incremental Borrowing Rate as per Ind AS 116 and how to determine this IBR.

Thanks & Regards
Nagendra

Sir,namaste I purchased exempted goods paddy from Madhya pradesh state to our state karnataka.He made his sales invoice as this.
Party name:Buyers' name
GSTIN:Buyers' GSTIN
Purchase value:320330/-
Less:To Pay freight-Rs.43130/-
Net amount:277200/-
I paid lorry freight amount to transportation by trasferring the amount by neft through online rs.43130/-

Then how should i tkae journal entry in my books of accounts.Please guide me...

On making PO with 50% advance payment for importing the goods . The goods reaching after 3 months in port with BOE and kept in warehouse (SEZ). Taking goods from warehouse by paying customs duty based on BOE from warehouse. When to make purchase entry and what rate because of two BOE. How the party balance for the goods kept in warehouse to be accounted. whether goods in warehouse can be added in stock?

We closed vehicle loan through payment of all EMIs but in books shown pending balance , how to adjust and tell me the closure account proceedings in Books of accounts.

Thanking You...

On what salary do we consider Profession tax slab for Telangana state?
Is it the net salary (after all deductions like TDS, PF, ESI, Advance) or Gross salary(after leaves) or Actual salary of an employee?

Respected sir

our one client have deducted 20% from salary for April month due to Lockdown.
they want to know whether they can show this 20% deduction for statutory liability like Pf and Esi also ?
how to show this 20% deduction ?
please advice fast

Hi

there is a wrong debit balance in name of bank loan account, and no such bank loan exists in book of account, so how can be removed such error in our current year books.

Book loss - Rs.100/-
Income tax Loss -Rs.80/- (due to disallowance of expense of Rs.20/-)

Deferred tax liability or asset ?
On what amount ? on 100 or 80 or on 20 ?
Please reply me with reason.
I am waiting for reply.

Dear All, Pl help for below two questions..

1. Kindly provide the journal entry for contingent liability. Can it be shown in balance sheet or by way of notes to accounts only ?

2. If accruals entries (income and expenses) are not shown in books will it have any accounting impact ?