Resolved and deleted.

I am charging dep on computer for 3 years
After 3 years the value of computer is coming to its salvage value.
Can I nullify the assets by charging dep on salvage value ?
e.g Yearly dep is Rs. 50 and after 3 years assets remains to Salvage value which is Rs. 5
so can I charge Rs 55 (50+5) as dep in 3 rd year ?

is mandatory to pay within 45 days to MSME entities. if payment made after 45 days , what will be the consequences. And whether it is mandatory to present in balance under Trade payable seperately.

whether above Rs. 5K should be capitalized.
And while payment in cash whether revenue stamp is required to affix on payment Rs. 5K. on payment voucher.

according to schedule III
accounting group for advance payment for CWIP .

what is ageing schedule for trade receivable and trade payable according to scheduled III of balance sheet.

Prepaid expenses Like insurance when should be capitalized and when not should be capitalized, is any criteria .

can i pass
when take services and purchased Goods
CWIP A/c Dr ( Under Group) Fixed assets
To Vendor ( Under Non Current assets)
when it transferred to fixed assets
Fixed assets ( Building / Plant and Machinery)
To CWIP A/c
Is correct process to transfer it.

Sir/Madam

I have one query regarding accounting entry of Sales Bill and Purchase Book. Company maintains books of account in multiple currency i.e INR, USD, Euro etc.

Company charged IGST tax on Sales to Foreign Customer and this IGST not to be paid by Customer because company has to pay IGST Tax. Company passes Journal entry for removing/adjust Forex gain or loss by debiting in INR currency and crediting Foreign Currency!!!

My question is that can it is correct accounting entry debiting in INR and Crediting in Foreign currency?? After passing above entry Forex gain or loss adjusted in Customer Account. thanks

Sir/Madam

I have one query regarding accounting entry of Sales Bill and Purchase Book.

Company maintain books of account in multiple currency i.e INR,USD,Euro etc. Company charged IGST tax on Sales to Foreign Customer and this IGST not to be paid by Customer because company has to pay IGST Tax.

Company pass Journal entry for removing/adjust Forex gain or loss by debiting in INR currency and crediting Foreign Currency!!!

My question is that can it is correct accounting entry debiting in INR and Crediting in Foreign currency??

After passing above entry Forex gain or loss adjusted in Customer Account.

thanks