Imad Mohiuddin
This Query has 2 replies

This Query has 2 replies

30 December 2018 at 13:28

Accounting head to be debited

Glow sign board for bank should be debited from which head fixed assets or charges advertisement



Anonymous
This Query has 3 replies

This Query has 3 replies

29 December 2018 at 06:54

Jounal entry for bank guarantee.

A firm has got Bank guarantee issued by bank for purchasing goods.pls guide journal entries?. Also whether creditor account will be credited on receipt of goods?.


Balaji
This Query has 1 replies

This Query has 1 replies

27 December 2018 at 10:33

Required accounts ledger

Dear sir.
Our company purchases raw material from supplier. In that invoice the supplier mention insurance cost which shows separately from the basic material cost . my questions is the insurance cost should be treated as direct or indirect cost.

Please tell the accounting head and journal entries.


Vasant
This Query has 1 replies

This Query has 1 replies

Dear Sir,

i am working in educational institute

my question in which expenses comes under infrastructure augmentation

1) revenue which debit to profit and loss account ?
2) Capital expenditure which directly appear as capital addition or WIP?

Thanks


Kumar
This Query has 3 replies

This Query has 3 replies

We have two factories within the state with same GSTIN. We are shutting down one unit. We would like to transfer the unsold finished goods in the unit being shut down to the other unit. We plan to do it with an invoice without GST and will also generate an e way bill. Is this procedure ok or do we need to intimate any authorities regarding the movement of FG.



Anonymous
This Query has 1 replies

This Query has 1 replies

20 December 2018 at 19:55

Regarding fine jewellery export

Hello,
I want to start online selling of fine jewelry products on international marketplaces like amazon.com.
But I am not manufacturer, so I want to confirm if my manufacturer will make export behalf of my orders and then I will pay whatever invoice value to my manufacturer in INR, will it possible.
Because manufacturer require payment from me in USD.
please advise.


CA Vandana Rathi
This Query has 2 replies

This Query has 2 replies

Scenerio:-
There are three companies A Ltd, B Ltd and C Ltd.
B Ltd is a wholly owned subsidiary of A Ltd, thereby in Consolidated Financials of A Ltd, B ltd is also included.
C Ltd is a third party.It is not being consolidated with A Ltd.
A ltd has its 95-98% of domestic sales to C ltd. While C ltd further sale its stock to B ltd, which it had purchased from A Ltd.
There is no control in C ltd by either company(A or B ltd).

Query:-
Whether in Consolidated Financials does it amounts to Sales return for A Ltd?



Anonymous
This Query has 1 replies

This Query has 1 replies

19 December 2018 at 13:57

Applicability of indas

Company A is listed Company
Company B is non listed co.
Company A is a subsidiary company of B
whether INDAS is applicable to Company B


sarika
This Query has 1 replies

This Query has 1 replies

14 December 2018 at 15:37

Tour expenses a/c

A person is on tour for business purpose, hotel, phone , food expenses bill under which accounting head, or we directly debit to tour expenses A/c or we bifurcate them bill wise


Naina
This Query has 3 replies

This Query has 3 replies

13 December 2018 at 12:14

Advance paid

Hello,
My query is regarding Advance payment made for Hall for a function.
In the Balancesheet of 2017-18 this is shown as Advance paid,on the Asset side under Current Asset
What should be its current year treatment?






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