From the past data the indices were calculated for money in circulation and cost of living. Find if there is any correlation between them supposing that the money circulation affects the cost of living Index of money in circulation: 110, 120, 125, 128, 132, 140, 150 Index of cost of living: 105, 108, 110, 112, 108, 130, 134​

Dear Experts,

We are the wind energy ltd company and supply the technician to tie-up wind farms for Service & Maintenance purpose.

For Maintenance work we purchased some materials like electrical equipment's and spare parts.

Now My Question is whether how to be account spare parts purchase? Can we consider as an expenses or purchase?

Respected Sir,

Due to heavy rain, buileding poll down it effect huge stock has been damage. around 2000 Packet.Insurance company cover very less value. Please suggest to me how to pass the entry in books of account which not effect my Gross profit.
Please advise

Sir,

One of our customer's bank receipt agst sales has been accounted as cash sales and same time sales entry booked in parties A/c as credit sales in the PY. Finalization & filing of PY already over.
Now Customer A/c showing, received amount as receivable.

Could you please suggest a way to rectify this error?

Hello All,

We have Ordered for PEB Work to Supplier, as per PO Terms there is LD Clause if supplier not work done within time line LD will be applicable,

Now Work Completed but beyond time line so we are charging them LD.

Tell me Accounting Treatment for LD Amount,

DR to Supplier,
Cr to ?????

Our company has incurred expenses before commencement of business. and our consultant has posted that expenses in all fixed assets proportionately. is this right accounting treatment? if not than what is the right accounting treatment of Pre-operative expenditure? Please Guide on this.

Our company constructing new factory. There has been some construction material like interlocks have been purchased. What journal entry to be passed ?

Our company purchased a Paytm Swaipe machine @Rs4236, we have make it fixed asset in FA 2018-19. but after one year they deducted Renal charges of machine as same amount of Rs. 4236 & rental charges will be paid every year, so how do we'll entry and which head we'll put it?

Dear Sir
Goods damage due to fire. i have made the below entry in books ( tally)
Loss by Fire 16230/-
Purchase a/c 14440/- Cr.
IGST Input 1790/- Cr.
Please advise it is right method or wrong also please suggest how to reduce stock item wise in tally

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