Hi,

I have a building, and the building is under repair and maintenance for this I have been charged some money.
the maintenance and construction work has been doing by local laborers.
Here my question is the cost whatever I incur to renovate the building must be shown in P&L or in Balance sheet as a Asset or as a Expenditure?.

THANKS SIR FOR GIVING HELPFUL INFORMATION TO US BUT ONE QUESTION IS ARISE IN MY MIND UNDER WHICH GROUP I TAKE PF CONTRIBUTION AND WHAT DO ABOUT PT DEDUCTED IN SALARY

what is accounting treatment for expenses incurred in construction of sample flats by developer.
Following are the heads of exps
1. Labour charges
2. Furniture & Fittings
3. Cement Steel and other Material.

whether this exps should be capitalized or exps out.if capitalised under which head.

When a proprietorship concern is converted to Pvt ltd company, what will be the accounting treatment of carried forward loss of sole proprietorship concern?
Will it be shown in P&L statement as a loss or Balance sheet as a negative capital Reserve?

Hi,we works as clearing and forwarding agent and sometime our service charges or any expenses related to formalities are directly paid by third party on behalf of our client and for such transactions we issue credit note to our clients.Please let us know that by issuing Credit not we are following right procedure or not.we are also registered to GST department.

Can any one suggest me Real time Inventory management software for Pharma industry which is bit compatible with tally [Accounting software] or we can make compatible by making changes in .tcp file of tally???

One NBFC generates their revenue as interest from borrowers and they need to pay this interest to their investors so how they have to show this amount as expenses in books withou invoice??

Dear Sir,
A person engaged in business of selling of agricultural product ( Wheet, paddy, Cotton) on commission basis ( arthia), i.e., purchase agricultural produce from farmers and sale it to market via KRISHI MANDI, some time he pay advance to farmers for their house hold activity. now my inquiry is that In Which Group we make the ledger of farmers and recipient Please advise

Hi

Please guide in brief accounting treatment of Capitalization of interest.

Thanks

When a partner takes loan from his partnership firm, what can be the interest percentage if there is no partnership deed???