CA H R RAMA SWAMY
This Query has 1 replies

This Query has 1 replies

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


thotasrinivas
This Query has 1 replies

This Query has 1 replies

24 August 2023 at 12:34

Gratuity calculation - reg...

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 ???

Read more at: https://www.caclubindia.com/experts/ask_query.asp


Mahesh Jadhav
This Query has 1 replies

This Query has 1 replies

24 August 2023 at 11:54

Reimbusement to Emloyeees for Project


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 ?


Anu
This Query has 2 replies

This Query has 2 replies

23 August 2023 at 20:20

Accounts tally

Consultancy fees received from Suresh jewellery after giving discount of rs20000
How to record it in tally


Yogesh Saini
This Query has 2 replies

This Query has 2 replies

23 August 2023 at 15:42

Security deposit entry on due basis

Can the entry of security deposit be shown in accounts on payable basis?


Daya
This Query has 1 replies

This Query has 1 replies

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.


Daya
This Query has 3 replies

This Query has 3 replies

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.


Anu
This Query has 1 replies

This Query has 1 replies

22 August 2023 at 20:07

Tally prime

1. On 1st April, bill raised for Rs.3,00,000 to Rupa Jewellery for Consultancy Fees
How to enter it in tally


Rahul Jain
This Query has 1 replies

This Query has 1 replies

22 August 2023 at 17:12

IND AS-115

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)?


Daya
This Query has 1 replies

This Query has 1 replies

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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