Ramit
This Query has 1 replies

This Query has 1 replies

01 July 2025 at 21:46

Booking of Diesel Expense

A project is going on in remote area where DG set is there to supply electricity and generator also.
There is a daily consumption of diesel for Rs.10,000/- per day.
In books of accounts under which head the expense of diesel will be booked?


Daya
This Query has 1 replies

This Query has 1 replies

Closing stock in trial balance shown in which side ,
Please reply with Logic.


Marimuthu online
This Query has 1 replies

This Query has 1 replies

10 June 2025 at 09:38

Listing Fees Recognition

A company is in the process of listing with BSE & NSE

It pays specified amount with SEBI,BSE & NSE.

How these transaction amount can be accounted?

How these listing fee can be accounted with the books of accounts?

Can it be accounted as below:

Listing Fees Dr
Preliminary Expenses A/c.

Also these preliminary can be amortized for next 5 years after the IPO process completion.

Please clarify



CA. LP
This Query has 1 replies

This Query has 1 replies

Dear All,
While finalizing the Financial Statement for the Charitable Trust for the fiscal year 2024-25, I observed that certain corpus funds, which were transferred to income in FY 2023-24 and reported in the Income and Expense statement last year, have now been moved back to the Corpus (General) Fund. This adjustment has resulted in these funds being reported as a balance sheet item, thereby increasing the General Fund.

Is it acceptable to present the financials in this manner for the current year? Last year, this same fund was classified as 'Other Income,' and the net surplus was added to the General Fund (Balance Sheet item). This year, the auditor has reduced the value of the last years closing General Fund balance and subsequently added last year's income back to the Corpus Fund.

Thank you in advance for your guidance on this matter.


SIDDHARTH MAHESHKUMAR SHAH
This Query has 1 replies

This Query has 1 replies

Dear Sir,

Please guide - Which amount to be considered for Fire and Perils Insurance of Assets:

1. Gross Value (Actual Cost)
2. Net Value (Gross Value - Depreciation Value)

Thanx


Ganapat
This Query has 3 replies

This Query has 3 replies

If Mr. X Export Of Goods From India To Oman. Mr. X Received Ocean Freight Invoice Of USD. 800 From Mr. Y Which Are Located In Oman. The Freight Invoice Is Without GST. I Have Doubts Which Are Below

1) How To Pass Accounting Entry In Books
2) Can Mr. X Liable To Pay RCM On Ocean Freight.
3) If Mr. X Liable To Pay RCM On Freight Then What Is The RCM Rate ?
4) This Ocean Freight Invoice Treated As Import Of Service ?


Daya
This Query has 2 replies

This Query has 2 replies

How to know date of listed of any company . Is any method to know date of listed of company.


arunkumar
This Query has 3 replies

This Query has 3 replies

Renting of trucks, JCB, cranes etc., is not covered under RCM.
Under which expenses need to account


Nathan Dsouza
This Query has 1 replies

This Query has 1 replies

27 May 2025 at 19:21

How to pass the journal entry

I am working in co operative society.tds deducted on accrued interest rs 65. Accrued interest is rs 651
We cannot taken accrued interest to the income.so can you please suggest how to pass the journal entry


Daya
This Query has 1 replies

This Query has 1 replies

Please provide some best AI tools for Accounting and Taxation, Like EPF and ESI Etc.






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