Accounts QnA [Resolved]

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Daya

This Query has 1 replies

10 January 2025 at 12:20

Accounting treatment of Basic Custom Duty

what will be the adjustment of Custom Duty Paid against import of fixed Assets or Recenue nature expenses.

Akshit Jain

This Query has 6 replies

09 January 2025 at 14:31

NRI as second account holder of resident account

Can NRI be the second account holder of a joint resident savings account where the primary account holder is a resident? If so, are there any limits on the number of such accounts?

CA AJAY KUMAR AGRAWAL

This Query has 3 replies

09 January 2025 at 10:40

Applicability of Ind AS on wholly owned subsidiary company (incorporated overseas)

Dear friends,

We are a domestic Pvt Ltd company engaged in Manufacturing. We already have a (wholly owned subsidiary) domestic Pvt Ltd company. We are going to set up a new (wholly owned subsidiary) company in Dubai for manufacturing similar product, as produced in India. During next year the same will be operational.

I seek your valuable opinions on preparation of FS for FY 25-26 / applicability of Ind AS. Whether: -
1. Ind AS will be applicable.
2. It will be applicable on single or Group companies.
3. Do we have to prepare 2 sets of FS (one as per AS & other as per Ind AS)?

Thanks in advance.

VIMAL SAGAR

This Query has 3 replies

08 January 2025 at 15:49

Write off a Party Balance

We paid a party Rs 2,80,000
How to Write Off in Tally? What will be the Impact of Income Tax?

Daya

This Query has 3 replies

07 January 2025 at 13:23

What is meaning of accrued interest

Bank Account Dr.1,09,094
To Accrued interest 8642
To Interest Income 452
To FDR 1,00,000
Here what is meaning of Accrued interest

Daya

This Query has 1 replies

06 January 2025 at 10:23

Method of calculation of ESI

what is method of calculation of ESI and what is rate and Limit to Deduct ESI for employer and Employee

Daya

This Query has 1 replies

05 January 2025 at 16:57

Accrued interest on bonds and debentures

what is meaning of accrued interest on purchasing /selling bonds and debentures

Daya

This Query has 1 replies

04 January 2025 at 15:40

Journal entry in the case of Non Listed Company

How to make journal entry for shares purchased in non listed company
when Paid Rs. 10 Cr. on dated 12/12/24
and when to alloted of shares how to make journal entry and also which date share alloted how to know.