XYZ raise the bill to ABC Amount of Rs 22500/- . SGST Rate 5% , CGST Rate 5%.

How I calculate the GST under Reverse Charge Method.

What will be the accounting entry.

I have an accounting problem. During FY2019-20, a party had purchased a new motorcar for Rs.11 lakhs in the month of Nov. 19 and paid full amount for the motor car as per bill of Kataria Automobiles.
After taking delivery, Kararia Automobiles returns Rs.7000/- to the party without issuing any invoice for Rs.7000/- only direct credit to party's bank account, after one month.
Now what treatment in accounting must be take??
The motor car value be (Rs.11 lakhs less Rs.7000/-) Rs.10,93,000/- for depreciation or Rs.11 lakhs?
Rs.7000/- as income/Discount received? There is no documents available for Rs.7000/- only bank statement showing Rs.7000/- directly credited through NEFT.
Please advice on the correct accounting actions?

How to maintain accounts for bakery in TALLY ERP9 is it neccessary to create stock item? is it neccessary to maintain stock journal? is it necc. to post production entry? pls advise step by step creation of heads of ledgers and inventory details.

Read more at: https://www.caclubindia.com/experts/how-to-maintain-accounts-for-bakery-1302879.aspai

Please inform me in details the concept of HYPOTHECATION & MORTGAGE with example.

If employer gives commission to his employee so tds will be deducted u/s 194H ? What will be rate of tds in such a case ?

I have transferred the amount of Rs 975000/- from Bank of Baroda to SBI through cheque of Bank of Baroda. Cheque dt 11.04.2020 . I have send the cheque to Bank on dt 13.04.2020. SBI has credited of Rs 975000/- on dt 15.04.2020.

Which date to be considered for accounting entry in Tally.

we have done export FY - 19-20, MEIS,TMA, Duty Drawback is not recieved. Entered in ballance sheet or not.
which head showing in ballance sheet?

Where is it written about lease equalization reserve in AS 19 for operating lease where i have an escalation clause over the entire rental agreement ?

Point no. 9= The balance brought forward should have been Rs. 639.
Solution = Adjusted of balance brought forward Rs. 450 shown on debit side of amended cash book.
Illustration number 9 page number 164
11th commerce CBSE board
Unable to calculate this amount please do help

Can HUF ac get benifit of senior citizen FD rate of interest in banks if kartha is senior citizen