My client has obtained a specific term loan for acquisition of land and subsequent construction of building on it. Land being a non-qualifying asset, should i charge interest on loan related to land to P&L and capitalize the interest related to building as part of cost of Building? Please guide. If not what is the appropriate accounting treatment as per AS-16.
Why TDS receivable entry made at the date of bank Received.
why TDS Receivable entry made at the date of bank Received amount.
Whether entry to be made through F5 Payment Mode in tally
whether Entry to be made through f5 Payment mode in tally,
if transfer from one bank to another bank in same entity if amount transferred amount , bank charges , and TCS amount also applicable and
also on cash withdrawn from bank and TDS amount also applicable.
Regarding Hotel Bill of combined services
Dear All,
Am a hotelier and am facing trouble in giving an invoice to my customer who ask to give Bill to company mode for availing below services from us
Room Rent with Meals - this is normal procedure and we have been billing seamlessly if its just this element
Taxi Charges/Laundry Charges/ - How to give one single invoice to my corporate clients which includes all of the above services.
Please note we dont get GST Bill for Taxi & Laundry
Request to kindly help me with this and also advise how we will account for the above expenses
Thanks
Vini Agrawal
9425324747
What is difference between Face Value and Book Value
what is difference between Face Value and Book Value and when it is used.
How to maintain branch wise accounting in tally prime
how to maintain branch wise accounting in tally prime, & how to file consolidated r1, 4 branch in signal r1
FDR accounting group, whether it is true
whether FDR in Bank shown under accounting group
Investment or Bank.
Please reply.
What is Accrued Interest
what is accrued interest and whether it can be adjusted with bank received on due date.
Whether Term Loan come under secured Loans
whether Term Loan come under secured Loans.
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AS-16 Treatment of Borrowing cost for land and building