Sir,
1. If an asset Purchased on March in the Financial year What will be the chargeable Depreciation as per companies Act 2013.
2. If an second hand asset Purchased during the Financial Year what will be the useful life if the remaining useful life is nil

SIR

Freight paid by cash on behalf of the seller can be adjusted with the credit invoice by issuing debit note?



Thanks and Regards,
SANKAR

Ours is pvt ltd company. There was a delay in payment of esi contribution for Apr'12 to Jul'12 & Apr'15 for which an interest amount of Rs.1912 has been incurred till date. We want to pay the same. What would be the journal entry for payment of the same.

Very few suppliers cheque issued and not presented before the expiry of validity. We understand from the suppliers that they have not received the cheque and it was lost in transit. Normally , we have the practice of getting Indemnity bond from the supplier with the company seal and signature and issue a fresh cheque.

But some suppliers arguing that cheque was not presented before expiry and fresh cheque to be issued without asking indemnity bond .

We request expert opinion whether issue of cheque without indemnity bond for expired cheque & not received by the company is legally correct and also accounting point of view also

Dear Sir/Mam

Taxi Service for travelling expenses TDS will be applicable?

Dear Sir/Mam

My vendor is sole proprietor of his concern for TDS he linked his PAN only, in this case what is the TDS percentage we need to deduct from his bill and pay

A firm is undertaken on its own building premises, some interior designing repairs have taken. should the value of premises include cost of interior designing or that should be debited to p&l a/c as current year expense. and how to calculate the current value for the premises.

Dear sir,
Kindly answer about the what list of accounts and statutory records maintained by an accountant of a manufacturing firm and what registration has to do before setting up a manufacturing interiors factory. please provide details.

Dear Sir,
Suppose,
Any person has two branch in Delhi but GSTIN no. is One for both branch.
But sale invoice prepared separately for both branch using GSTIN no. same and both have same office address.
and also purchase invoice raised on behalf of GSTIN no that is same for vendors also.
Now in This case how we have to make journal entry as GST sett of because books of accounts maintain separately in tally but Group of company also Created because balance sheet prepared only One for Both

Example
Branch A and Branch B having registered Address in delhi XYZ and GSTIN no also having same both.
but books of accounts maintain separately to know profit both location.
Balance sheet always prepared Singal.
in this case at the end of month GST sett of journal how to pass.
in both books of accounts.

Rahul Rana
rahulrana8348@gmail.com

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