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Repair and renovation expenses incurred for the existing building like fixing of tiles to the walls, replacement of sanitary fittings, painting etc.,, whether it is capital in nature shall be capitalises the same
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in hand book for retiring Central Govt. Employees : Gratuity calculation for Retirement gratuity is 5 Years qualifying years, 1/4th's emoluments for each completed six monthly period of qualifying service, subject to maximum 16 1/2 times the monthly emoluments. emoluments: Basic + DA Other way: The formula is: (15 * Your last drawn salary * the working tenure) / 30. which is applicable for Private employees ???
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Employee is claiming reimbursement for accomodation exps incurred for company project.
Invoice for accomodation is billed to employee name.
Can I book that exps in company accounts ? and disburse the claim of employee ?
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Consultancy fees received from Suresh jewellery after giving discount of rs20000
How to record it in tally
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Can the entry of security deposit be shown in accounts on payable basis?
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Journal entry in the books of LLP and Partners capital on 31st march
what entry should passed of tax distributed among partners capital and Profit and loss transfers among partners in the books of LLP and Partners capital account.
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Tax paid by LLP such as
Advance Tax paid Rs. 10,00,000/-
TDS Receivable Rs. 5,00,000/-
TCS Receivable Rs. 5,00,000/-
Total Tax Amount Rs. 20,00,00
There are three partners and Ratio are A 50%, B 25% and C 25 % whether I can pass journal entry on 31st march in LLP Books
A's Capital A/c Dr. 10,00,000
B's Capital A/c Dr 5,00,000
C's Capital A/c Dr 5,00,000
To Advance Tax 10,00,000 To
TDS Receivable 5,00,000
To TCS Receivale 5,00,000
Now my question is that can I pass in the books of partners capital on 31st march .
Advance Tax A's Capital 10,00,000
Advance Tax B's Capital 5,00,000
Advance Tax c's Capital 5,00,000
To Partnership Firm LLP 20,00,000
Please reply, is correct or incorrect Entry.
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1. On 1st April, bill raised for Rs.3,00,000 to Rupa Jewellery for Consultancy Fees
How to enter it in tally
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What accounting entries are to be made when the goods are sold but significant risk and rewards are not transferred to the buyer(in transit)?
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How to pass journal entry in the books of partners A/c
On 31st March Firm Make entry
Partners Capital Account Dr.
To Advance tax
in Partners Book can i pass journal entry on 31st March 2023.
Advance tax A/c Dr
to Partnership Firm A/c
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Major repair expenses to the exiting building