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A verdict card for every entry — this is exactly how results look.
| Dr | Repairs Expense A/c | ₹4,00,000.00 |
| Cr | Bank A/c | ₹4,00,000.00 |
- Double entry balance
- Classification — a new lift shaft is not repairs
Balanced, but wrongly classified. Expenditure that extends the asset's life must be capitalised, not expensed.
Ind AS 16, Para 13
| Dr | Machinery A/c | ₹5,00,000.00 |
| Dr | Input CGST A/c | ₹45,000.00 |
| Dr | Input SGST A/c | ₹45,000.00 |
| Cr | Bank A/c | ₹5,90,000.00 |
Capitalised correctly and the GST is split into eligible input credit, so nothing is loaded into cost.
ITC eligible, s.16 CGST Act
"Paid ₹60,000 office rent for June by cheque, 18% GST, TDS u/s 194-I"
| Dr | Rent Expense A/c | ₹60,000.00 |
| Dr | Input CGST A/c | ₹5,400.00 |
| Dr | Input SGST A/c | ₹5,400.00 |
| Cr | TDS Payable A/c | ₹6,000.00 |
| Cr | Bank A/c | ₹64,800.00 |
TDS at 10% is deducted on the rent, not on the GST — so the bank leg is ₹64,800.
Double-entry audit
Deterministic checks on balance, both legs, positive amounts and named ledgers before a single token is spent.
Ind AS ↔ AS switch
The same entry, reviewed twice. See how recognition and measurement shift between Ind AS and Indian GAAP.
GST awareness
CGST / SGST / IGST split, input tax credit eligibility and reverse charge flagged in plain English.
Companies Act notes
Schedule III presentation and disclosure implications noted alongside every verdict.
Sample
Dr Machinery · Cr Bank
| Dr | Machinery A/c | ₹5,00,000.00 |
| Dr | Input CGST A/c | ₹45,000.00 |
| Dr | Input SGST A/c | ₹45,000.00 |
| Cr | Bank A/c | ₹5,90,000.00 |
Balanced, but is the GST creditable? Is installation cost capitalised under Ind AS 16? That's the part we explain.