The auditor has dated its report as 30/09/2019 and the AGM date is also 30/09/2019.
What can be done now ?
Debtor velocity ratio - 3months
Stock velocity ratio - 6months
Creditor velocity ratio -2months
GP ratio -25%
GP for year -500000
Closing stock 20000 more than opening stock.
Find sales,debtors,creditors and closing stock?
Please give your contact no. with ans. if you give Ans. so, for any queries related to this question I call you
We have recived 100% trade discount on some items purchased . How should i record these item would be recorded as per value shown in bill or zero because on total billing amount, we have recieved 100% trade discount.
As per my knowledge trade discount is not shown in books.
Ager Mai Freight Sale Me lagaun or Purchase me lagaun toh kon se head me jaega
mene koi sale kiya or usme loading me pese diye toh kya hoga or purchase me diya toh kya hoga
WE PURCHASED A CONTRUCTED BUILDING OF 3FLOORS IN THE NAME OF COMPANY FOR RS.70,00,000/-. WE TOOK LOAN OF RS.52,50,000/- FROM OUR BANKER KOTAK BANK AND BALANCE PAID FROM OUR ACCOUNT TO THREE SELLERS OF RS.26,25,000/-, RS.26,50,000/- AND RS.17,50,000/-. WE INCURRED THE EXPENSES OF STAMP DUTY OF RS.3,57,000/-, RS.70,000/- AND RS.35,000/-. ALONGWITH THIS WE HAVE PAID RS.36108 TOWARDS INSURANCE.
LOAN AMOUT: 52,50,000/- AT A INTEREST RATE OF 9.6% REPAYMENT PERIOD 120MONTHS
COULD YOU PLEASE SHOW THE ENTRY FOR THE SAME.
we have given Rs. 3,00,000/- for labour charges in a single voucher how can we split it ? we have taken single voucher. can i take as advance and split it below 10k????
If we are transferring the product amount(SP) to consumers bank account for them to purchase the products from marketplace, how do we show these amounts in our accounts? Eg. Transferring via Neft from company account to consumers bank account INR 600 (Product cost) to 400 such buyers. what will these transaction be shown as?
Journal entry in parent company books if A owes to B 150 and A records 100 in its books and B 150
I receive Foreign exchange towards courier charges through PayPal for sending samples of the product.
Paypal deducts their fees from the Foreign currency and after converting it into INR deducts GST and transfers the balance to my Bank account.:-
1) How do I account for it in the books of accounts (Paypal sends a monthly invoice on the fees collected from us and GST)
2) Since my buyer sends me the amount without any invoice from my side.For my record what should be the invoice amount?
One set of ppl say "On the money that has been credited int my bank account",
and some say on the gross foreign currency value.
I would like to know the entries to be made whichever is correct.
We have purchased one motor cycle for business purpose. Can we claim ITC and deprecation on the Motor cycle