Sir
Raw material Suppliers of our Company frequently claims bank statement from us so that they will confirm of their amount received from our end. Even though we tell them to check their account(given by them) on a particular date , instead of checking their account they still requesting the statement.
Does we legally liable to entertain such request, as it is a time taking process to entertain a large number of suppliers.
Abhijit

company "A" holds 33% share capital of "B" . Also directors of "B" are promoter of co. "A" and "B" .
do IND AS 110 applicable on co. "A".

please suggest

Hi There,

Labour Cess charged under which accounting head?

Hi sir/ mam
Please clarify my doubt regarding AS18
1. Is Subsidiary's Associate is Related party the Reporting entity (i.e Holding company of Subsidiary) ?
2. Is Associate's subsidiary is related to to Reporting entity ( i.e investing entity)
3. Is subsidiary's or Associates JV is Related Party to the reporting entity?
Thankyou

Kindly go through the following error occured while opening the Tally

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Dear Sir/Mam ,

Due to Floods in Dec 2023 , Stocks have been damaged which are material in value and it could not be quantified as at 31.03.2024 .These stocks are covered under insurance policy . In July 2023 , Damaged stocks could be quantified and insurance claim is receivable during August.

Can we apply AS 4 & treat it as an Adjusting Event & Adjust the Assets & Liabilities as follows
1. Add insurance claim receivable and decrease from stocks
2. Balance loss to write off in P/L account
3 can we provide disclosure accordingly

Thanks in Advance

Dear sir,

Pls clear the concept : Actually : I have to pass provision Account for " Interest paid on late payment of Tds towards month of March 2024 is Paid in 27th July 2024 . Could i take provision of

Interest on late payment of Tds A/c "dr" ,
To Interest payable on late payment of Tds A/c " cr"

on 31st march 2024 or Not .
=> Tds of March 2024 payment date is 30th April 2024, But tax paid on 27 th July 2024

(How may months would be consider for calculation for f.y 2023-24 or fully expenses would be consider in f.y 2024-25 ?)

is it mandatory to keep invoices for all the expenses incurred in business and should i pass journal entry before payment for every expense regardless of amount?

how to make entry of interest from savings a/c in pl&b/s

Sir,
While calculating of cost of flat for fixing the %age of ownership among the parties, can we add : interest on loan taken for payment to builders
Bribe given for approval of loan
Bribe given for getting the flat register
as adding these expenses, the %age of one partner increases and others reduces. Previously there was no agreement between parties on %age issues.