Accounts QnA [Resolved]

All Resolved Open

Rahul Jain

This Query has 2 replies

14 October 2023 at 07:14

Accounting enteries for inventory stock in trade

Whatever the purchase made during the year for stock in trade will be shown as expense. Now to pass the closing balance journal entry for inventory account which account need to be credited.

Daya

This Query has 1 replies

13 October 2023 at 20:33

Treatment of Provision for depreciation

what is accounting journal entry of provision for depreciation and also accounting group of provision for depreciation.
why provision for depreciation is created instead of Depreciation.
Company why creates provision for depreciation.

Daya

This Query has 1 replies

13 October 2023 at 20:19

Changes in inventories shown in profit and loss account

How to present changes in inventories in profit and loss account according to scheduled III
In the case of Negative figure.

Daya

This Query has 1 replies

13 October 2023 at 20:15

Profit or loss shown in balance sheet according to Scheduled III

how to present Loss or profit in Balance sheet
Loss treatment
Profit Treatment

Daya

This Query has 1 replies

13 October 2023 at 19:19

Employee Benefit expenses scheduled III

Employee benefit expenses according to scheduled III
which type of expenses shown in scheduled III under employee benefit expenses.

Daya

This Query has 1 replies

13 October 2023 at 19:07

Finance cost in Profit and loss account

whether any type of interest paid
Like Interest on loan
interest on delay payment of tax
should be shown under Finance cost.

PRATHYUSH SHETTY

This Query has 1 replies

13 October 2023 at 18:45

Costing p&l account

hello,Under which head is abnormal loss shown in costing p&l account?

Daya

This Query has 1 replies

13 October 2023 at 13:02

Profit transfer to partners

How profit transfer among partner
Profit after tax or Profit before tax.

Swati Deshmukh

This Query has 1 replies

13 October 2023 at 11:41

Accounting entries for foreign currency for Business tour purpose in books of accounts

I had purchased Yen from Forex company and Give it to our director for visit to Japan. Now he will return me Balance Yen with his expenses details. Please guide for the accounting entries for all the steps as mentioned above.