How to make Debtors and Creditors Reco.
What to add In Debtors and Less Creditors
What to add in Creditors and Less Creditors
If Transaction involves
Sale - Purchase
Payment -Received
Discount Given- Discount Received
TDS paid - TDS Receivable
Round Off

Sir,
during the Fy 2023-24 we have made bank payment entry for Rs. 200/- Rates & Taxes for some expense and balance sheet and return also already filed, now during the FY 2024-25 we have found that such payment is not made during the year 2023-24. its result our bank transaction not tallied .

Now we want rectify the above mistake shall we pass the receipt entry during the fy 2024-25 or other method

Please solve the above query.

A Motor Car (one of 3 Motor cars in books) was already sold on 2020-21 and accordly Motor Car (WDV amount) was reversed. But due to some mistake Depreciation under Comanies Act was charged in 2021-22, 2022-23 & 2023-24. But as per Income Tax Act there was no mistake. How to rectify the error in 2024-25. What entry(ies) to be paased?

please suggest.

Particulars Dr. Cr.
E-Salary Wages 6,49,389
E-Company's cont. to PF 1,08,905
E-Bonus 32,812
E-Gratuity 24,571
E-Leave Encasement 49,118
L-Gratuity payable 24,571
L-Leave Encasement payable 49,118
L-Salary payable 7,91,106
Total 8,64,794 8,64,794

Hi,
In the Inpatient bill summary, outside doctor's surgery fee and anesthesia fee mentioning in the bill and the same amount is paid to the doctor's on month end. Should we show the outside doctor's fee in income as fee received and book the same in expenses or we can directly show the outside doctor's fee as fee payable. My doubt is whatever the amount received is paid to the doctor and hospital doesn't retain any money, so we need not show under income and expenses

What is Due date of filing of Returns of
ESI ,EPF and MSME.

Hi experts

Please help us to understand new TDS rule, particularly 94i Rent, in our case we pay Rs.50000 monthly Rent for building, what would be the rule for FY 2025-26 in respect of 94i, should we deduct TDS or not? please explain briefly.

Dear Sir,
Could you please tell me, What is the accounting treatment for corpus funds used for purchasing fixed assets?

as per Schedule III of company act
whether Cash Flow ,Fund Flow and ratio analysis to make as per schedule III of company act mandatory for all company

In intra day trading shares 3226 shares were purchased for Rs. 1159 per share
and sold on the same day for Rs.1325 . what would be the turnover ?
how would the profit be calculated?
This the only trransaction in intraday trading in the financial year.