Dear Sir

Pl resolve my queries

If A ltd Company purchase or investment in share of company B ltd worth of 5 Lacs purchase in only Rs. 2 Lacs from any shareholder of B Ltd with emergency requirement

Now what will be the investment entries in the books of accounts

Should A company take entries with only 2 Lacs investment or with 5 Lacs investment with credit the profit of Rs. 3 lacs in capital reserve a/c ???

Pl resolve the queries

Regards
Vinit Goyal
M-9999426498

I want to know that what should be a percentage for mobile shop if it is having small business, should there need to maintain NP or GP, please tell the necessary expenses ratio................ please answer soon

if we purchased raw material for 100 Kgs. from vendor , as per terms freight is extra.


we received inventory and production finished and half of the finished goods also sold.

after 4 months the vendor submitted the freight bill for Rs.1000/-.

now what entries will come in this situation and what all the ledgers will effect.

please advice

Sir,

I have raised a debit note for billing for the service provided by us as per the rate quoted in agreement at the end of the month but the other party is denying to accept the same and insisting to give invoice for the same. is it wrong to raise a debit note. pls explain

any chance for extention audit date ?

Dear Experts, Now I am going through the 3CD line by line of a private company .But I struggling at 269SS&269TT.....plz help through an example

Dear experts,

Please advise, following assets shall be categorized under "Plant & Machinery" or "Office Equipment" for the purpose of calculating dep as per new Schedule II

1. Air conditioners for office
2. Inverter for office
3. Mobiles Phones

Please.......Urgent

what would be the entry of loss in transit and insurance claim received for the same?

I am maintaining my business account stock wise purchase & sales of agriculture items which are also damaged or loss while packing and transporting. so how we booked loss of that items in our books and by which entry. I am using tally so tell me how to book loss and reduce by stock items too.

thanks all experts

Due to the change in the method of depreciation in the current year from WDV TO SLM the depreciation of 1100000 is reversed as an exceptional item without having any change in taxable profit and also the deffered tax asset is standing in the previous year of 300000 and current year depreciation as per slm is 950000

My query is will the reversal of depreciation will have any effect on deferred tax???

normally calculation of DT
depreciation for CY companies act 950000
reversal of dep (1100000)
less: as per IT 1000000
defferd tax liab 1150000*30.9%

IS it correct???