treatment of assets found in IT SERVY??????
This query is : Resolved
22 December 2009
CAN ANY ONE TELL ME WHT IS THE ACCOUNTING ENTRY V CAN PASSED FOR ASSESTS FOUND IN IT SERVY????????
06 January 2010
I hope you mean survey?
If say cash is found excess then
Cash A/c. Dr
To Capital A/c.
At he time of computaion add such excess to income.
If say stock is found excess then
Stock A/c. Dr
to Capital.
At end of year closing stock will show incresed value and it will automaticaly form part of income
Regards
If say cash is found excess then
Cash A/c. Dr
To Capital A/c.
At he time of computaion add such excess to income.
If say stock is found excess then
Stock A/c. Dr
to Capital.
At end of year closing stock will show incresed value and it will automaticaly form part of income
Regards
06 January 2010
thnx sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- LIC maturity claim whether taxable
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TDS AND ITR ISSUE
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
