Hello everyone out there. I am working in Interior design firm. We hire labour agencies such as painter or carpenter who usually charge amount on the daily basis. So shall I consider the services provided or material brought by them as purchases or shall I treat I as expense? And if it falls in expense, then is it a direct or indirect expense?

Hi everybody,
i am a finance officer in construction company. i would like to prepare accounting manual for maintain accounts systematically. can anybody send me the format please

Hello Sir

Our company is dealing pumps & bottles like cream pump etc. We import the material in other countries & also our company registered in MSME. Please guide me we are cover in E Wastage Management Rules'2022 or not.

B ltd is subsidiary company to A ltd and C ltd is associate to A ltd. B ltd has disposed a business unit under demerger to C ltd. now C ltd as purchase consideration issued its shares directly to share holders of B ltd. Since A limited is also share holder of B ltd it received shares of C ltd. Now what is the accounting treatment for the transaction in the books of A limited?.

Note: A ltd has recorded investment in subsidiary company B ltd at cost. Therefore there will be no change in value of investment of B ltd in the Books of A ltd after Demerger. But A ltd will receive shares of C ltd the resulting company.

Dear Experts
Gud morning all....
In our university we have planned to provide food for maintenance team on daily basis from canteen (which is located in our campus for rent basis). Now I received food bill from them which also exceeded the threshold limit (bill value Rs 60,000/-) their pan belongs to INDIVIDUAL there is no service tax or GST in the bill. now my question is do I need to deduct TDS @ 1% from the bill value or not? Experts advice mee.

Treatment on purchase of fixed assets
In the case of profit,
Loss

In the case of revenue expenses or revenue income
Profit
Loss.

Hi Experts
I am planning to open a Proprietary Firm for property management.

I have few questions regarding expenses I can claim
1. For the firm's expenses does it require exact paperwork/receipts/bills etc for cleaning,repair work and pest control of the properties been managed.

2. Does the Interest Income earned from Fixed Deposit should be under firms current account as currently Fixed Deposit are under owner's name.

Thanks

We Have Received Credit note For Price dropp in electronics item for five products
how to do journal entry ?, so that price will be decreased for every five products .

Hi
ABC Pvt Ltd is an employee transportation company. They provide transportation services to XYZ company in SEZ unit. For this service ABC is using 50% of his own fleet and 50% is third party. Now, this third party vendors are not registered under GST. So, I hve below questions
1. Do ABC Ltd have to pay GST for third party under RCM?
2. Does XYZ being a sez unit have any impact on third party services?
3. If suppose XYZ was not a SEZ unit what will be the effect?

A company engages back to back subcontractors with a commission of 1% on the Invoices Raised. Please guide me on accounting treatment to be followed as per the Accounting Standards on Revenue recognition and booking of Expenditure. The tax bills are raised only on the information received from the client to raise the bills both by the Company and Contractor. Whether this procedure is correct. Whether revenue recognition and booking of expenditure has to happen at the close of the year as WIP. Please guide me.