Sir one person have taken lic of rs 2000000 and till now he has paid premium rs 400000
So my query is how much amount should be shown in personal balance sheet as asset

Sir i have purchased some items so my query is relating to accounting entry for purchase
for this invoice detail is given below

Particular. Amount
100 kg soap. 5000
+20 kg soap free.

Vat @ 4 %. 200

Total bill amount. 5200

Sir please tell me how I pass accounting entry of 100 kg +20kg free soap

Dear Experts
Good Afternoon
we enter into contract with Carpenter,Electrician and Painter for our office renovation .We required contract letter format.So plz provide the format.

Thanks in adavance

Sir,

1) Is there any restriction between religious trust and charitable trust for accepting or paying of donations, in cash
properties.
2) Same person becoming managing trustee, trustees of two different trusts,any restriction on funding mutually for charity payments,
3) Employees provident fundis is it combulsory for the trust office staff

Please reply sir.

Income tax liability on NPS WITHDRAWAL BEFORE 60 years

I am an accountant with a partnership firm.

My organisation firm pays rent and service tax for a piece of land.

on other hand we provide the land to the customer for sports on hour basis and charge it as a rent and also collect service tax from them and deposit with Govt Treasury.

My query is whether could I get set-off of service tax paid by on rent.

Thanks
Babukhan

In construction of power/other project liquidated damage is recovered from many Vendor and same is lying separately in other GL. Now at the time of capitalisation of asset whether this LD should be taken as Income and credit to be apportioned to all the assets. or asset value of each respective contract should be reduced by that value of LD( it is not feasible in most of cases)

While creating provision for audit fee on march 31st, whether service is to be included? Example if Audit fee is rs 25000 and service tax rs 3750, what amount is to be created as provision? Also if short provision is created can we treat the balance amount as prior period item?

If a company does not built a qualifying asset but it purchases a qualifying asset whether the borrowing costs incurred on it will be capitalized??
Pls solve my query

Sir,
I record transactions of March month Statement through Credit card have February expenses. How will I record March month expenses in April Month Statement.