If there is gross total income of Rs.130000 from commission from post office . And there is expenses of Rs 12000. Whether liable to maintain books of account.

as the same items are using in tractor and bikes car etc. gst rate for parts used in tractor has been reduced to 18 % while 28% if used in other than tractors. Now will hsn code remain same or it will be changed?

can any one guide me on Debtors risk analysis and also does any one have such a format regarding that?

What will be account head for:-
1. stamp paper for affidavit
2. charges of Notary Public for affidavit & attestation of documents
3. Earnest Money Deposit
3. Tender paper cost

What is the accounting treatment for non refundable advance received?

Please tell what the journal entry of the following transactions will be in the books of Ashoka Furniture Traders:

January 31: Sold furniture to Rakesh on the list price of Rs. 10,000 and allowed him 10% Trade Discount.
January 31: Old furniture valued at Rs. 500 was taken from Rakesh in Exchange.

Hi Experts,If a lessor has two commercial spaces rented to two different companies in different locations ,If the rent 1st one is under 10lac limit and the 2nd one also the same. My Q is two clubbed and calculate for Service tax or it should be treated individually.

What is the need for Interest on Capital in a Sole Proprietorship? I understand that as per Business Entity Concept, Owner is separate from Business, and hence he requires interest on the amount invested by him in the Business. However, really, he is the one carrying on the business. So, in a way he is charging interest on his own money. Please explain!

Sir, one person running a proprietorship business.He maintained one current account in the proprietorship business name and savings account. He received income from business in both the account. At the time of preparing balance sheet of that business whether I include the savings account balance in bank account or not.

Which expenses are to be taken in partnership firm or which not ???