Accounts QnA [Resolved]

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Elbin

This Query has 4 replies

22 October 2023 at 15:05

Tally Entry for Hardware purchased for manufacturing

Hardware such as Paints, Nut & Bolts, Spanners, etc purchased under GST comes under which head in purchase ?

Direct Purchase Or indirect expense

Elbin

This Query has 3 replies

22 October 2023 at 14:06

Tally Entry for Materials purchased for workers safety

Hello,

We are manufacturer & if we purchase Gloves, Face Shield, Safety Shoes, etc for factory workers' safety during the manufacturing process then which expense head should be debited ?

Pls. Help

Daya

This Query has 1 replies

22 October 2023 at 13:00

Rounding rule of profit and loss account

what is rounding rule of Profit and loss account and balance sheet according to Scheduled III.

Daya

This Query has 1 replies

22 October 2023 at 12:17

Advance payments and received against purchase of capital assets

what would be the accounting group of advance payment or advance received for purchase or sale of capital assets according to scheduled III.

O' Michael Francis

This Query has 2 replies

21 October 2023 at 16:01

Biometric Attendance Machine

Pls is Biometric Attendance Machine an office Equipment or Factory Equipment

Daya

This Query has 1 replies

18 October 2023 at 17:25

Valuation of investment for balance sheet

what is method of valuation of investment while preparing balance sheet according to scheduled III.

Daya

This Query has 2 replies

18 October 2023 at 17:23

Freight expenses for Raw Material

Freight expenses incurred to bring raw material, whether it should be added cost of raw material or should be shown separately.

Daya

This Query has 1 replies

15 October 2023 at 12:46

Short term provision according to scheduled III

what come under short term provision according to scheduled III.

Daya

This Query has 1 replies

15 October 2023 at 12:41

Under Long term provision scheduled III

which type of liabilities come under long term provision according to scheduled III .

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.