cancellation of gst registrations terminate the business what are the proceedger anybody can explain me

Hello,

Please suggest for any expenses incurred for the machine's service engineer towards travelling, lodging and food. In which account head these expenses will be pass.

Hello dear Expert If A company till To last year in audit but now this year which is not aggregate turnover for audit then need to maintain gross profit or net profit ration and there individual firm fixed asset can take depreciation

Is Profit of Partnership Firm to be distributed in the current year or in the Next Year?
Is the Profit of Firm is to be added to the capital of Current year? or distributed in the next financial year so that the capital increase.

Hello sir,

We hired some equipment for the business , invoice amount Rs.80000/- , how much TDS should deduct on the Rental charges.

Hi,

A lot of people are in the confusion if the revaluation of Inter-company loan should be performed or not if the both entities are in the home country.

Scenario:
An Uk central entity called 'ABC' paid some cost of USD 1,000 (in GBP 800pound) on behalf its UK based Subsidiary company.

1.the both entities are UK based.
2.both have GBP bank account only
3.both do inter-company payments in GBP only

Should ABC entity rebill to its Subsidiary company in USD1,000 or GBP 800?

In my case ABC has rebilled to its Subsidiary company mentioning both currencies USD1000 (GBP 800).

Do the Subsidiary company need to revalue the USD 1000 in GBP at the time of inter-company payment and then pay in GBP?

Hi

In case, there is some recoverable from an employee at the time of Full and Final Settlement, what should be the accounting entry?

Is there any Accounting standard governing this?

Thanks in advance!

Dear Sir,
I took gst registration in aug17. Before registration I was unregistered dealer. Now, I am making trading and P& l account and balance sheet. In trading accounts,can I consider total turnover and purchase including sale and purchase during being unregistered i.e April17 to july17.?
Please reply
Thanking you

We have purchased of Compressor for AC Machine of Rs 37000/- on dt 25.05.17. .

Please inform me the the above purchased is Revenue Exps or Capital Exps.

Dear Experts,

I have a simple basic query for which I ask your advise to resolve

A company purchased a car of Rs. 1500000/- and the TCS of Rs. 15000/- was collected. It is getting reflected in Form 26AS. Besides, the Company also has TDS Receivable which is getting reflected in the Balance Sheet.

My questions :-
1. What will the journal entry to be passed for the TCS entry.?
2. Whether the TCS should be adjusted with TDS Receivable A/c?
3. Is TCS an asset or Liability?

Please suggest.
Thanks