whether any drawing made are reduction from capital accounts.

why Books of accounts ( stock) maintained as a FIFO Basis.
is any specific reason.

Journal entry in the case of right issue in the case of individual without cost
can i pass journal entry in the books of individuals
Purchase of shares A/c Dr .01 Paise
to Capital A/c 01 Paise.

I saw a journal entry in the case of individual books
Firm expenses A/C Dr.
LLP A/c Dr
To Profit and loss A/c
I mean what is firm expenses in the case of individual books.

whether accounting group can be created in the case of individual
Life insurance expenses ( Drawing) For Life insurance expenses to Claim under section 80 C Mediclaim Expenses ( Drawing) for Health Insurance to claim under section 80 D
Donation Expenses ( Drawing ) for donation paid under section 80 G
Bank expenses ( Drawing) for bank expenses paid
Travelling expenses ( Drawing ) for Travelling expenses
Drawing ( For all other expenses )
Or any other Drawing Expenses can be created for income tax purpose like created Life insurance,donation Expenses etc. Please suggest.

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Bank expenses ( Drawing) For Bank expenses
Medi-claim Expenses For Health Insurance for section 80C
Life insurance expenses for Life Insurance paid For section 80D
Donation for Donation paid for Donation paid under section 80G
Travelling expenses To Know separate total expenses incurred
Drawing ( for other expenses )

Accounting treatment of Advance tax and TDS paid by LLP and year end entry made by firm in the
books of LLP
In the books of LLP at the FY end
Partners capital account Dr.
To Advance tax

Now can i book the advance tax paid by firm in my books as Advance tax personal expenses in the FY year end in partner books
Partnership firm expenses A/c Dr
To Partnership firm A/c

whether depreciation on Land and Building is allowable in the condition
when Land first of all land purchased and then construction made on that land
when Land and Building purchased at he same time.

Whether GST Input can be transferred to profit and loss account,when we want not to claim further as input and transferred to P/L account,

Sir,

By mistakenly i have taken Full ITC in 3B as my total sales is more than 70lac ,i have made same mistake in june and july month.
As per 86B i can claim 99per ITC and 1per in cash .

now how can i rectify the same please advice.