A bakery and tea shop whose get GST registration and provide tea and snacks daily to the their employees at free of cost. There is no cash in and out. on the other hand stocks ( for trading purposei.e Tea powder and Sugar and snacks ) was goes out. What is the accounting treatment for this transactions?

One of my client which is a partnership firm has to partners. due to heavy loss in the first year itself both their capital account became negative after transferring of loss to their respective capital account. how to show both capital account in balance sheet and accounts and whether it is allowed under Income tax and any other issues relating to it. the firm has bank loan

thanks in advance. waiting for your reply

what is the depreciation rate for mobile phone for business use?

I got Personal Loan from Bajaj Finserv and i am not using this amount.but, i have deposited in business bank account.
i am using tally erp.9 how to make the journal entry?

Hi everyone expet,
i request to you regarding how to deduct depreciation according company act. i purchase a motor cycle as on date 03.02.2018. please let me know about depreciation on motor cycle.
thanks and regards,
Mohd Nasruddin

Let me know how to pass entry in books OD a/c opened in banks

Closing stock 32450/-(inculding 12000/- 50 realisable value)

we have done one Pharmaceutical project in nepal. and raised consultancy bill to nepal co., the nepal co. release the payment to us after deducting 15% tds. Can we claim that tds amount in india.

what % of tds deduct on sac code 9983 2% or 10% . we are already deducting 2% can we deduct correct amount of tds or not, please guide to me.

Deepak
Mobile 8859609984

Sir
In the partnership firm, income tax paid by partner on firm income and cash withdrawn in firm has drawings Rs. 50000 and 30000 to be account in his individual accounts.