Can CPF share given by govt. added in the Financial gross
salary while calculating Total gross salary at the end of
Financial year.For eg: My gross salary is Rs.X during a
Fin. year & govt share of CPF is Y then Total Fin. Year
gross salary is =X+Y,is it correct?
While depositing cash at any bank above then Rs 50K, we
need to provide PAN Card or we have to fill form 60, but
tell me why a person needs to sign FORM 60 if he is paying
installments of >50K of Loan availed by him/her earlier? As
if he is repaying Loan, not depositing in his A/c?
How calculate Rent income exemptions from taxable income
under income tax act.isnn't 30% of total income???? plz
explain with example?
pass the journal as wellas ledger entries off the foll
1st jan :> started businress with cash rs 1,20,000 & goods
worth rs 60,000.
2nd jan > cash purchases rs 50,000.
4th jan >cash sales rs 40,000.
6th jan > purchase good's from sonali on credit worth rs
30,000 at 10 % trade discount.
8th jan> sold sood's to komal on credit rs 20,000 at 10%
10th jan > paid rent by a cheque rs 50,000.
12th jan > good's worth rs 4,000 lossed by fire.
14th jan > good's worth rs 3,000 withdrawn from business for
16th jan > good's worth rs 2,000 distributed as free
18th jan > good's worth rs 1,000 exchange for furniture.
what are the adjustments and treatment with connection to
the profit and loss appropriation accounts and how they do?
explain the relevance of closing stock account in trading
a/c when preparing the gross profit?