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.
We are facing problem in Capital Goods when our other unit
send us Capital goods we book it in Fixed assets but if we
transfer the same capital goods to other unit we have to
make sale bill in which this item goes to inventory, and the
qty is shown as negative balance, but our unit is asking for
Invoice, Please explain how we will settle this qty from
assets as per excise rule.
if we have provision for bad debts and RDD then on which
amount we have to calculate RDD original or deducted?
what is the procedure to appoint an
Austrlian citzen as indian company director...
Can a company deduct TDS & provide TDS certificate for a
bill without actually making payment towards the same??
A manufacturer want to sale his product in Rs 110/ where his
manufacturing cost is 100.what will be tax for the product
in different way.If he want to sale his product outside the
state then what will be the taxation way. I want to know as
urgent.Hope you will describe me as brakewise statement
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
what is the basic difference between pooling of interest
method and purchase method in amalgamation
what is profitability ratio and dividend policy ratio
Can a firm claim preliminary expenses
incurred(manufacturing) or only its is applicable to
Companies? can a firm claim ,1/5 of such expenses incurred
as deduction as in case of Companies? or any other procedure.
As an importer of goods through letter of credit, (payment
is done through indian bank to foreign back), my question
is who is liable to pay with holding tax when the payment
is remitted to foreign bank, whether the buyer(importer) or
the seller and why?
2. A budgeted profit statement of a company working at 75%
capacity is provided to you
Sales 9,000 units at Rs. 32 Rs. 2,88,000
Less: Direct materials Rs. 54,000
Direct wages 72,000
Gross profit 1,02,000
Less: Administration, selling and distribution costs:
varying with sales volume 27,000
Net profit 39,000
You are required to:
(a) Calculate the breakeven point in units and in value.
(b) It has been estimated that:
(i) if the selling price per unit were reduced to Rs. 28,
the increased demand
would utilise 90% of the company's capacity without any
(ii) to attract sufficient demand to utilise full capacity
would require a 15%
reduction in the current selling price and a Rs. 5,000
You are required to present a statement showing the effect
of the two
alternatives compared with the original budget and to
which of the three possible plans ought to be adopted,
i.e., the original budget
plan or (i) above or (ii) above.
(c) An independent market research study shows that by
spending Rs. 15,000 on a
special advertising campaign, the company could operate at
full capacity and
maintain the selling price at Rs. 32 per unit.
You are required to:
(i) Advise management whether this proposal should be
audit under section and penalty under saction scurtiny
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A
EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON
15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON
25/1/11 AT A RATE OF RS.49.10
Entry for revenue item will be Expenses A/C Dr to Cash. But
in the Profit and Loss account we will see the expenses with
a pre fix of To Expenses Why?
Sales tax waybill is required for how much value of invoice
(for example we raise Rs.1000 bill is waybill required in
what is groups and and ledgers in tally
can you give why we need to prepare them