1) Purchase invoice is dated 25th March 2025 (FY 2024-25)
2) Goods arrive in the factory on 29th March 2025 (FY 2024-25)
3) GRN is prepared on 2nd April 2025 (FY 2025-26)

What should be accounting treatment as far as Purchase and Stock is concerned?

Kindly guide.

Please help how to report sale of asset in Fixed Asset Chart as per con]mpanies Act.
OP. Gross Block Rs. 39,50,000.00 out of which A asset of original cost 14,50,000 was sold during the year 2024-25.
OP acumulated Depr. 28,40,000.00 (including accumuated depr. of Sold Asset of Rs.384000.00, current year depr. 218000 (including Depr.on sold asset of Rs. 1,40,000.00). Sale Proceed of Asset 725000.00, asset acuired on 2021-22 & asset life 8 years

Assesse received Subsidy from central government under National Livestock Mission Scheme. It is nonrefundable in nature. Can it be credit in in full to PL as Extraodinary Nature income ? What will be the correct accounting treatment for the same ??

Sir,

We are manufacturing of Tyre Remoulding products i.e Precured Tread Rubber etc. while producing the Precured Tread Rubber (Finished Goods) 3% to 5% of Crumb Rubber & Rubber Flash generated from finished goods.
we are using crumb rubber generated from above process to further process of semi finished goods i.e Master compound of Precured Tread Rubber .

presently we are showing only finished goods entry in tally erp i.e Precured Tread Rubber.

Please guide us how can i show this above process and whether its effect to GST ?

Thanks & Regards
SANJAY

Dear sir please send me MIS report format in excel for analyses of hospital revenue and exp.
regards
Anil Koundal

what entry should pass while closing books of accounts of individual and HUF and transfer to capital accounts

One of our Debtors has agrees to make us payment like following manner:

Rs.1,00,000/- on 16.08.2025 while giving order to us.
Rs.2,00,000/- on 03.08.2025 during preparation of the product
Rs.3,00,000/- on 01.09.2025 during delivery of goods.

How will I account for those transactions on account of this Debtor and How will I show thee GST part. please advise.

Anesthesia Machine Asset Head Plant and Machinery or Medical Equipment which is correct

Hi, individual who sold his building for 2,50,00000 but it's cost value 1,43,00000 can I book the profit for the difference amount or credit capital account

Hi.,

Greeting!!!
Can you share the List of Government Subsidies schemes available for shipyard construction in india

With regards
Jagan