An organization decided to replace all existing lights in its operational area fitted with high power sodium vapour lamps with energy efficient LED lights in order to have long term benefits like cost savings in electricity consumption, maintenance and also have an aesthetic look.
The organization decided to treat this expenditure as 'Capital Expenditure'.
My question is that whether the accounting treatment adopted by the organization is correct or should the organization charge this expenditure to 'Repairs & Maintenance'?

could tell me what is the rate of depreciation on Water well constructed for Home stay business and for how many years it should be clailmed?

Hi, I have one client having Business Income of less than Rs 5 lakhs per annum, they already have TIN number they have also got provisional id for gst which was used by their previous CA without clients permission and now he is not providing us the user id and password set by him we are also not able to change it as previous ca has registered his phone number also he is not providing otp, now When we entered provisional id on gst website the mesaage appeared you are already mapped, please suggest what should I do in this situation as my client does not require registration, Do I need to get their registration cancelled?

What will be the entry for
Out of share surrendered, 1000shares of 10 each shall be converted into 12% pref. Shares of 10 each fully paid up
In case of reconstruction

If in the question it is clearly mentioned that interest on partner capital is not to be provided according to partnership deed then at the time of death of any partner and the payment is not made on time than sec 37 of partnership act apply or not?

Can an individual proprietary firm can transfer funds between each other as per current IT as well as GST norms, note if firms owned funds from loans from family members.

what should be accounting entries under RCM for GST. and when I will take the Input Credit it.....

maintain book keeping

How a deficiency account to be closed in final accounts In the books of accounts

Dear Sirs, We don't have stock records in tally for last year. But now ,we want to maintain stock records in Tally ERP 9. We are in manufacturing industry. If we enable the stock option, we have getting difference in last year Op & Cl stock. So,I request you to please provide us the solution to maintain stock in Tally ERP 9.