Dear Sir,
I have created Insurance under deposits as it give a return without any fluctuation, but my friend is arguing that it will come under investment.
I have a major confusion regarding Insurance, that whether it comes under deposits or investments.
Kindly clear my doubt.

We have two designated partners in our LLP. we want to pay regular monthly remuneration to the partners (this is not profit sharing). How do I record this on journal entry? we are using Zoho books.

I tried to categorize the transaction on banking tab as money out->owner's drawing->drawing (journal entry is owners drawing dr and bank account cr) but it reduces the share capital (equity) in balance sheet. since the remuneration paid is more than the initial capital, currently share capital is showing in negative which I think is not correct.

Can someone please help me resolve the issue? the objective is to pay monthly remuneration to the working partner and deduct it under profit and loss as per section 40 (B).

Thank you

Dear sir, In a private limited company, y-o-y basis, for the last 30 years, the above subejct ledger is getting accumulated, to nullify it, what are the accounting treatments avialble and the burdon of tax effect on such treatment, kindly enlighten.

What is the treatment of preoperative expense under IFRS

Hello
Could you please suggest what will be the accounting treatment of one time upfront charges paid to government for purchase of industrial land on lease , Annual lease component is separately shown in the compensation charged by the government...?

If i am paying to creditor by cheque , payment entry should be made at the time of issue of cheque or at the tym when payment is deducted in tally

Their is a company who has take over another without any settlement of accounts, Now we have stock of that another company of value 1.1 million rs and no other details we have. Now I have to shown those goods in my account books because we use in daily sales transaction. How can I enter stocks in my books of accounts because I have only stock details and no other details I have.
If I directly put stocks in opening then it will reflect the difference in Trial Balance and Balance Sheet.

TV, AC, oven, mobile, laptop, laptop stand, mobile stand for office will come under which head in tally? Fixed assets for office expenses. Please explain

Hi,

we have existing cement concrete floor in factory premises. now we are doing epoxy flooring on existing floor, can we capitalize epoxy flooring, please advise.

Regards

We are running a school, paid fee to Govt for school recognition fee, under which head we update in tally direct exp or Indirect exp . Whether we consider it as rates and taxes under indirect exp.
Pls helpus