Hi,

I Have taken long term from one of my friend with a certain rate of interest per year and I am planing to make the payment after 3 years. how could i make the journal entry for outstanding interest for Current year and how it balance in balance sheet.

Outstanding interest i can take liabilities side in Balance sheet but how it match to my assets.

Hi Folks,
Good afternoon!
INVOICE DATED 15.4.18
EQUIPMENTS DELIVERED 31.5.18
INVOICE RECEIVED 15.9.18
So my question is depreciation should be charged from 31.5.18?AM I Right..... or If m wrong please Correct me where m getting wrong...

Thanks and Regards
Nikhil
Learner

Dear Sir,

1. IF TWO COMPANIES DOES NOT HAVE ANY INVESTMENT IN EACH OTHER SHARE CAPITAL

2. BUT BOTH COMPANIES HAVE COMMON MANGAING DIRECTORS

ARE THE TRANSACTIONS BETWEEN THE TWO COMPANIES INTER COMPANY TRANSACTIONS ??

THANKS.

Please respond :
1.the complete payment to a vendor is made against which invoice?
2.when the advance payment is being released to the vendor?
3.when tax is being received - after complete payment has been made or before making complete payment?

i need to deduct TDS on Facebook but i don't have a pan no of Facebook how Can i deposit 6% TDS please suggest because facebook company registered in IRELAND

Good morning sir,
We purchased Securities for Rs.100000/- it includes 95000/- principle & 5000/- as accured interest for 90 days i.e. total -100000/- on 29th September, 2018. On 20th November, 2018 received interest Rs.8000/- credited in bank account. Kindly give suggestions on how to pass the entries.

Sir,
Please help to calculate number of mandays paid.
Mandays worked-9609
Average no of person worked-32
Total working Day-301

Dear Sir/Madam,

we are 6 members of family as directors in our pvt ltd company, out of these 6 directors, 4 of us have a property jointly registered for which we have taken a mortgage loan from bank.

I would like to know can we bring that money taken from mortgage loan and invest in the pvt limited company in which we are directors. If we can in what ways and sections of the law, what shall be the implications of the same in income tax and GST.

Request your suggestion on the same.

Thanks in advance.

Regards
MKG

what should be stock and debtor limit if cash credit limit is rs. 1000000.

Dear Sir,
Our PVT LTD company salary Rs.50000.00 has been paid from Director Proprietor CASH A/c
Confusion regarding Voucher entry in PVT LTD. Books
Journal Entry or Receipt / Payment should by passed for Salary in PVT. LTD.

Regards