This Query has 1 replies
Proprietor Purchased a laptop using his bajaj Finance Card for his firm. and the EMI will deducted from his personal account. what will be the journal entry? and can avail the itc
This Query has 3 replies
Company purchased goods worth ₹ 2000. And payment done by staff, not from the company's current account. Now tell me how to record in tally
This Query has 1 replies
INVERTER BATTERY PURCHASE FOR SECURITY CABIN EXP OR FIX ASSET
This Query has 2 replies
company having guest house on rent and agreement is between director and owner. can be book guest rent and expenses related to guest house, in name of company.
This Query has 1 replies
Paid advance for Software development(ERP) amounting to Rs.15,00,000 on 20/12/2023
Vendor raised the Invoice for the advance paid on 20/03/2024 along with GST
Software development expenses(Intangible asset a/c) dr 15,00,000
Input CGST 9% dr 1,35,000
Input SGST 9% dr 1,35,000
Party a/c cr 17,40,000
TDS for sec 194J(Technical Services@2%) cr 30,000
Is the above entry correct?
This Query has 1 replies
Hello Experts,
We have a cost plus mark-up agreement signed for export of services with fully owned US entity and they have sent us some advance money to meet expenses of indian subsidiary. I have booked this received amount to DR Bank and CR Intercompany Payables Account. Previously it was booked to Unbilled Revenue by our book keeper and they still argue that it has to be booked Unbilled Revenue instead off Intercompany Payables Account. Can any experts clarify this?
Appreciate your help on this.
This Query has 3 replies
Dear Experts
We are a pvt ltd Company and are Distributer/Channel Partners for industrial products. We have receievd a Purchase order asking to issue a single invoice for both supply of goods & supply of service. GST Rate for both supplY of goods & service is same i.e. 18% . I would like to know whether we can issue a single invoice for supply of goods & service and how to account for the same in the books ? Thanks in advance
This Query has 6 replies
Sir,
Purchase is made through Saving & Payment is done by UPI & total of debit side saving a/c-16 lacs
Now how can treat this transaction in account books of Proprietorship firm.
Thanks..
This Query has 2 replies
We are running a hospital of eye now we are going to expansion our hospital into multispeciality pls tell me as we are doing expenses regarding construction of building and other medical equipments all expenses should be under building a/c capitalised or we have to do other process lets me inform
This Query has 2 replies
IN PROPRIETOR GST REGISTERD FIRM SOME BUSINESS MONEY RECEIVED IN SAVING ACCOUNT BY GOOGLE PAY
& TURN OVER GOES 16 LAC+.
NOW WHAT SHOULD I DISCLOSE IN ACCOUNTS BOOKS IN
Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance
Fixed asset purchased using bajaj Finance Card