Dear Sir,

Kindly answer the the following query.
On 01/04/2014 Received an amount of Rs.200,000 as Rent Deposit from a tenant. After 3 years, the tenant wants to vacate, and we have refunded Rs.175,000 to him after deducting Rs25,000 for Cleaning, Maintenance, Whitewash etc..
Now the entries will be,
for receipt : Bank A/c Dr
Rental deposit a/c Cr (under Loans & Advances)

Please tell me what entry have to pass for Payment(Advance refund).

Thanking You.

Regards,

Sasidhar

Sir, who can file GST e-Return? Is the Practioner compulsory to file the Return or any GST tasks?

What is the GST rates for silk sarees Manufactured through Power looms

Hello All
I would like to take advise on the tally file. One of my file in tally 9 is not showing on the Gateway Menu, but the file no is visible in the data folder. I am not able to understand the reason. Pl help me out. I think it is corrupted but while scanning it has not shown any problem. Pl advise.
Sincere Thanks.

All Dear sir i want to know we are in wholesale lense business and turnover is under 20lac and we purchase lense outside state .then should i have to take gst registration ?

I have a query regrading applicability of IND AS .
A company which is listed outside india having indian subsidiary which is not listed and also net worth is less than 500 crore than indian subsidiary is required to make the financial statements as per IND AS on the basis of parent company which is listed outside india.

What is the difference between Capital work-in-progress and WIP as an inventory. AS-2 is not applicable on WIP arising under construction contracts. Also, Inventory valuation is not prescribed under AS-7. So, does it mean that, WIP inventory doesn't arise under construction contract. If that is not the case, then how do we value inventory arising construction contract ? Please if someone could elucidate with a good example .

Dear Sir,

Whether stand by equipment which is ready to use but not in use can be capitalized under Ind AS 16 or not.

Is there any requirement of writing a note in notes to financial statements with respect to Revaluation of assets in the years subsequent to revaluation ? If Yes, what is the note to be written ?

In the b/s of march 16 an autosweep a/c was not shown but during the p.y 16-17 its closure are received and interest is also received during the year and tds is also deducted on it.
Plz tell me how its accounting would be done now??
M not having the previous year data.