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As per latest provision of Ind AS, what the accounting treatment has to be given for first Insurance Premium and Registration Charges of newly purchased car or movable machinery. As the the life of insurance premium normally remains for a single year. And another aspect is that without registration charges and first insurance premium the car cannot be usable. Please solve the query.
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Dear Sir, I would like to get your advice on the investment valuation and payment of dividend.
Company A invested Rs.1,00,000/- (including transaction cost of Rs.1000/-) in Company B in 2016. Company A showed the investment in BS as investment (capitalised the transaction cost also Rs.1000/-) total Rs. 1,00,000/-.
Company B is not a listed company so the fair valuation of investment not done till today due to non availability of company B's valuation statement.
Now 2022, Company B valued 10 times more. my question is
1. Company A is loss making company and no reserve in equity. Can the company pay dividend to the share holders.
2. how to account the investment valuation Gain in company A's books
3. From the investment gain Company A can pay dividend to its shareholders
4. if can pay dividend then how.
Requesting your good advice and help to solve this problem
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Dear Sir,
we bought an bus with GST and TCS, we are not registered under GST. how to pass the journal for vehicle purchase and which ledger to transfer GST (SGST/CGST/IGST) in Books of accounts.
Please let me know the entry for purchase of vehicle including GST + TCS who are not registered under GST
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Dear Sir,
We bought few shares on premium i.e. Face Value of each share is Rs.1,000/- and we bought each share at Rs.1,200/-. Could you please guide me in passing an entry for the premium amount.
Thank you.
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what is difference between drawing and capital ,
while making journal entry in the case of proprietorship firm, HUF and partnership firm.
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Hi ,
Can u share file when export and import should recognise based on what supporting.
Eg DAP, CIF,DDP-- based on delivery receipt
Exwork -- Factory outward
A file which help both for import and export --- will be great helpful
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sir 21-22 ke sep month mein 38052 ru. ka credit note tha wo gstr 1 mein local sale se taxable value adj kardiya but gstr3b mein to actual sale igst mein hai nahi but uski taxable value credit note ki chali gayi ab jab jab igst sale hogi to main gstr 3 b mein jo IGST tax ayega wo hatadunga kya ye sahi rahega sir ke abhi na adj kare PART [ART MEIN KARNA SAHI HOGA YA JAB TAK SUFFICIENT NA AYE IGST TAX
This Query has 1 replies
sir 21-22 ke sep month mein 38052 ru. ka credit note tha wo gstr 1 mein local sale se taxable value adj kardiya but gstr3b mein to actual sale igst mein hai nahi but uski taxable value credit note ki chali gayi ab jab jab igst sale hogi to main gstr 3 b mein jo IGST tax ayega wo hatadunga kya ye sahi rahega sir ke abhi na adj kare PART [ART MEIN KARNA SAHI HOGA YA JAB TAK SUFFICIENT NA AYE IGST TAX
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Sir,
A person has Deducted and deposited the TDS on the Invoice raised by the us but later that person refused to pay invoice amount. I got TDS Credit as well in my Account.
Can I have ruling as to when TDS is required to be deducted at the time of payment or ?
TDS Deducted and Deposited is not an ack of the liability of that invoice
Please suggest
With Regards
Uday Kumar
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Sir Agar Sale Increase Hoti hai To G.P. decrease Hota hai agar sale decrease hota hai to G.P. INcrease hota hai G.P. To Audit YA Non Audit Ho G.p Kitne Point Tak increase Ya decrease kar sakte hai
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Capitalisation of Insurance Premium and Registration Charges of newly purchased Car or