Dear Sir

Please guide to me about gross profit method

how to calculate.

i am not asking for formula

Our company have purchased pvc pipes to cut and fit in machines to run the machines.
How to record this transaction in books and under which head it is shown in books as fixed assets or current assets or spare parts.

Sir,
My annual income is less then 250000/- ( |Salary + FD Interest+ saving bank inter) I never filled Income tax return. From 2006 to till date I am saving Rs. 70000/- to 80000/- per year. If I am fill the iTR in this year . Is this any problem with me. Can iT department will ask to question to me about my previous saving. Please advise to me

i have 2 purchase invoice with 22 materials with 2% discount but some reason we return 15 materials without given 2% discount, then how i return the goods? if i use Tax Invoice is Correct?

Question
X ltd give a property on rent to y ltd for 20,000 p.m. Y ltd give security deposit of 5,00,000 to x ltd.
Interest on security deposit is 12%p.a
Gst rate is 18%
Tds on rent and interest is 10%
Pass one Journal entry in receipt of cheque
X ltd bank in pnb
Y ltd bank in sbi
Answer is bank dr by 17100 only by how?

This is regarding the export of Wheat and Wheat Flour to Dubai, Singapore and Malaysia in (2013-2015) but unfortunately some of the buyer (importer) has not cleared their bills and their outstanding still remains in our books (exports were done in 2013 and 2014). The total outstanding amount is Rs. 1.9 crores.We had appointed MHA/MNS International Recovery agent for the recovery purpose but unfortunately after trying for several months through all possible means they had closed all our recovery cases and subsequently filed their closure reports. We had taken insurance coverage on three parties ( importers) through ECGC, out of three claims made, one claim in the name of M/s Pecuniary Marketing Sdn Bhd was approved and remaining two M/s Dragon Asian Bhd and M/s Ahmned Alslami Trdaing and Contracting L.L.C. were rejected. We had tried to recover the pending exports amount through all the possible means but were unsuccessful.

We had returned the entire export duty drawback claimed on the pending export bills along with the said interest.
We want to self write off the pending export bills as Bad Debts, as we had not made any exports after the 2016 so we are not in the position of writing export dues against the proceeds. We want to write off 25% exports as bad debts each year and write off it fully in 4 years and submitt the CA ceritificate to the bank stating the same , can we do that.
Also note,we had routed all the export documents directly to the buyer (importer) and hence were not routed through the bank but we had submitted all the export related documents to the Allahabad Bank within 20 days from the exports made.

I have pending gstr 9 for 17-18 and 18-19 even i have some pending gstr 1 of 18-19.All gstr 3b are filed , what will be the worst thing can happen to me ? Can I issue E way bill after 31st aug or it will stop ?Plz suggest

Sir,

proprietor has a purchase some personal item like, Wallet, Cloth, tie, bag etc he paid amount from current account. Please suggest how to adjust the same in books of account.

while accounting can purchases and sales should be shown at invoice value ? since client needs turnover and purchases at invoice value

if sales is shown at invoice value it contains taxable value + gst received from customers
but my doubt is in case of purchases shown at invoice value contains taxable value + gst paid (input credit)
what should be the treatment for input credit whether it has to be shown as asset or expenditure

if it is considered as asset what will be the respective credit ?
can any one clear my doubt regarding this

Hi dear
How are you
1. My question that one bill generate 10000
Party name Subham tiwari and same time after Cheque give Rohit name when to bill generate subham name how jarnal entry