pls. tell me with detail (what is the rate of service tax
and w.c.t. for a contractor who do civil work -make
building and repairing. what is the format of generate a
bill for (with material and labour both ) what entry should
i pass in my accounts bokks. general and sales entry.
1. The following data is available. Determine the Break Even
point in Sales:
Sales : $1,800,000/-
Fixed Expenses : $ 375,000/-
Variable Expenses : $ 1,200,000/-
is WCT aplicable on educational institutions also??????
What is corporate assesses?
The purpose of accommodation bill is_______
(a) To finance actual purchase or sale of goods
(b) To facilitate trade transmission
(c) When both parties are in need of funds
(d) None of the above
WHAT IS THE DIFFERENCE BETWEEN BANK BALANCE SHEET AND
INSURANCE BALANCE SHEET.
a.what products does your firm produce?
b.what costs are asssigned to the product produced?
c.for particular product,what direct materials are used?
d.what percentage of total manufactoring costs is direct
labor? direct materials?overhead?
e.how is overhead assigned to the products?
f.do you now use or plane to use an activity_based
management system?why or why not?
what is addition of Opening Balance and net profit
transfered from profit and loss account called
what is profitability ratio and dividend policy ratio
if no production is take place at the start of a process in
royalty accounting what will be the accounting procedure for
Equipment A has a cost of Rs.75,000 and net cash flow of
Rs.20000 per year for six years. A substitute equipment B
would cost Rs.50,000 and generate net cash flow of
Rs.14,000 per year for six years. The required rate of
return of both equipments is 11 per cent. Calculate the IRR
and NPV for the equipments. Which equipment should be
accepted and why?
A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED
STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B
IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD
IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING
PRENCIPLE OF BOTH SIDE
(MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
Different types of Balance sheet
The following transactions relating to ABC Ltd for the month
a) Services performed in relation to income recieved in
advance total $1500
b)Supplies expense includes $400 of supplies that are still
on hand at 30 June
c)Interest accrued on the bank loan is 750
d)At the end of june paid rent for 3 months (June, july Aug)
e)Credit sales for the month of June 2009 amounted to
$50000. Past expierence shows that around 1.5% of net credit
sales are written off as bad debts. XYZ ltd, previously
notified ABC ltd that they have gone bankrupt, will be able
to pay $1000, which was recieved at the end of the month.
The provision of doubtful debt has an opening balance of
f) The owners of ABC Ltd wish to revise the balance of the
provision of doubtful debts account to $3500.
g) Depreciation of one year on the delivary van is $1500.
h) On 30 June 2009, ABC Ltd sold an item of equipment for
$40000 cash. The cost of equipment was $50000 and had a
accumulated depreciation balance of $2000
Prepare the relevant adjusting journal entries for the month
of June 20x2
Sales tax waybill is required for how much value of invoice
(for example we raise Rs.1000 bill is waybill required in
can we credit depreciation of the year to the general reserves
in a balance sheet of that year? and also enlist some relevant
documents or standards?