DEAR SIR,


ACCOUNTING CHARITABLE TRUST BORE WELL REPAIRS COST IS CAPITALIZED AS PART AND PARTIAL OF THE BUILDING OR TRANSFERRED TO INCOME AND EXPENDITURE ACCOUNT, BECAUSE ENTIRE YEAR MORE THAN RS 25000/- INCURRED COST OF EXPENDITURE OF THE BORE WELL REPAIR.

PLEASE CLARIFY ME

REGARDS

DEAR SIR,

WHILE AUDITING CHARITABLE TRUST ACCOUNTS, GOVT GRANTS RS. 139680/- FOR BUILDING CONSTRUCTIONAL WORK FOR TRUST AND THE AMOUNT CREDITED TO TRUST BANK ACCOUNT. NOW MY QUESTION IS APART FROM THE GRANT RS 94496/- PURCHASED THE MATERIALS AND PAID LABOUR CHARGES. IN THIS SITUATION HOW TO TREAT GRANT AMOUNT. IT SHOULD BE SHOWN IN THE LIABILITIES SIDE OF THE BALANCE SHEET OR TRANSFER TO THE INCOME AND EXPENDITURE ACCOUNT. NEXT YEAR REMAINING GRANT AMOUNT OF RS.45184/- COMPLETELY UTILIZED FOR BUILDING CONSTRUCTION. HOW MANY YEARS GRANT AMOUNT SHOWN IN THE LIABILITIES SIDE OF THE BALANCE SHEET BUILDING IN THE ASSET SIDE OF THE BALANCE SHEET OR GRANT AMOUNT TREATED AS INCOME OF THE TRUST.

CLARIFICATION NEED URGENT HELP ME SIR

REGARDS

DEAR SIR,

I AM AUDITING A CHARITABLE TRUST, GOVT SANCTIONED RS.500000/- TO CONSTRUCT A BUILDING. NOW CONSTRUCTION OF BUILDING HAS BEEN COMPLETED AND THE PAYMENT GOES TO THE CONTRACTOR ACCOUNT NOW MY QUESTION IS HOW TO TREAT THE BUILDING ACCOUNT IN THE TRUST BALANCE SHEET. BECAUSE THE AMOUNT NOT COME TO TRUST BANK ACCOUNT. WHICH HEAD SUITABLE FOR THAT.

REGARDS

I have total income only ₹ 1,00,000 (one lakh) from salary head and I have loss from intraday trading ₹ 10,000 (ten thousand) and my trading turnover ₹25,000 (twenty-five thousand) then I have audit is required. I don't want to carry forward my losses?

Kindly address my query regarding Partnership in a CA Firm,

If Mr. A has individual COP in City A and on similar lines if Mr. B has individual COP in City B,

then can A & B join as partners in a CA firm in City B ? If yes, how to fill the Partner In charge column since both Mr. A & Mr.B are in charge of their respective individual firms.

Please note, distance between two cities is more than 60 kms.

Kindly provide me a solution

DEAR SIR/MADAM,

PLEASE INFORMING TO PASS THE JOURNAL ENTRY & PAYMENT ENTRY FOR TALLY ERP9
*LATE FEE TDS INTEREST PAID *
ONLY PAYMENT ENTRY OR NOT.
JOURNAL ENTRY REQUIRED NECESSARY OR NOT. HOW CAN LEDGER TALLY BOTH.

Dear Expert,

Our Auditing concern team paying the tds amount and Corporate affairs amount through by their bank and they send the receipt itself

And we are paying the amount that particular amount through by our bank to the auditor

How can we book expenses entry for that

Please advise

Hi, A US based company has a policy saying "All company purchased mobile phone should be expensed off (regardless of value". We, here in India, can follow the same or we need to treat it differently due to some provision of Companies & IT act.

Kindly provide guidelines in this regard, if possible/available.

Hello,

Our auditor issued us two certificates but did not mentione UDIN No in certificates. Now our bank is requesting revised certificates with UDIN mentioned it it. However, Auditor is holding to give UDIN No. and revised certificate stating that she will need originals to be returned.

As getting the certificate from bank is difficult,my query is, is it really necessary to return the original certificates to get UDIN no n revise certificate and also is it alright if only give UDIN No to bank?

Regards
Dhara

A Firm has purchased a car of Rs. 1830396 on loan of Rs.1700000. Firm's account in Sellers book is showing receipt from bank amounting to Rs.2004766. Processing Fees has been debited with Rs.304766.
Please suggest correct accounting treatment along with journal entry.
Thanks.