This Query has 1 replies
An honorarium of 25000 p.m. to an officer posted in branch office is paid after recovery Rs. 200 towards Prof. tax and remitted to Head office and receive reimbursement for the payment made. what is the entry to be made in accounts of branch office and in ledger in HO accounts please.
kindly guide
This Query has 1 replies
TDS on MSME Firm providing Renting and leasing of machinery, equipment
Hello, Could anyone please help me on the below query
We receive a service of Renting and leasing of machinery, equipment from a partnership firm tothis service the firm charges Hiring Charges & issued one bill on July amounting Rs. 249958/-(Basic amount-211829/-) to which TDS was not deducted.
Now the party has registered as a MSME & provided Udyam Certificate registered on 16.09.2023.
Should we deduct TDS in there upcoming bills?
This Query has 3 replies
HALLMARKING CHARGES ENTRY IN TALLY
One of my Clients doing Jewellery Business. We record the purchase invoices in tally. purchase invoice includes hallmarking charges. how to deal with the hallmarking charges in tally?
Please Clarify the above issue. Thank you
This Query has 3 replies
How to calculate according to schedule III
Cost of material consumed
changes of inventory
while preparing profit and loss account.
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Is inventory and stock is same thing
is inventory and stock is same thing according to schedule III.
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Adjustment entry according to schedule III
what should pass adjustment entry in the case of Pvt. Ltd. according schedule III Like Profit and loss account and balance sheet Inventory or stock.
This Query has 1 replies
DTA and DTL in the case of Pvt. Ltd.,
whether every year should pass
DTA and DTL adjustment entry in the case of Pvt. Ltd. company.
This Query has 2 replies
Prepaid expenses transfer to Expenses A/C
How to transfer prepaid expenses to expenses in next FY.
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What is capital gain bank account
what is capital gain bank account and why it is opened .
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Accounting treatment of income tax refund for LLP
what is journal entry of income tax refund .
whether income tax refund ( Total refund Minus Interest income on income tax refund) should be distributed among partners according to profit sharing ratio.
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Entry on payment of honororium