What is the WCT percentage under which the amount is being
deducted in Punjab. Under what Notification and dated
when???????????. Serious Senor I need the answer other
wise I would not have posed this question; Please send the
answer to the mail address.
The following Trial Balance was extracted from the books of
Chetan.Do you think that it is correct? If not,rewrite it in
the correct form.
Debits Rs Credits Rs
Stock |8250 | Capital |10000
Purchases |12750 | Sales |15900
Returns outward |700 |Returns inwards |1590
Discount received|800 |Discount allowed |800
Wages & salaries |2500 |Scooty |1750
Rent and rates |1850 |Carriage charges |700
Sundry debtors |7600 |Sundry Creditors |7250
Bank Overdraft |2450 |Bills payable |690
Manoj & Mahavir joined a firm drawing salary of Rs 25000 per
month.After serving 3 yrs ,they started business of their
own in partnership,contributing Rs200000(expected life 10
yrs,bought spare parts worth Rs 33000 from Kundu on
credit.Office supplies were purchased for cash.Initially
they were very busy in conducting their business operations
but by the end of the 1st year,31/12/2005 they were
disappointed when they found their bank balances.Following
is the summary of their bank statement.
Receipts: Share Capital Rs 250000
Collections from Customers 412000
Payments: Equipment 200000
Salaries of Assistants 88000
Rent advance for 2 yrs 96000
On-year ins. Policy on equipment 12000
Office stationery 27000
Payment to Kundu 29000
Withdrawals of Manoj 90000
Withdrawals of Mahavir 90000
Closing balance c/d 30000
Total : 6,62,000
Still amount receivable from customers for services to them
amounted to Rs 30,000 & closing balance of office stationery
is Rs2000,spare parts Rs2600 were utilised by the end of the
year .Prepare trial balance with the available information
and show total.
Also what is the net profit.
If DEBT/EQUITY ratio 2:1, is to good or bad for a company?
how...??? can u explain it...???
Please guide me... We are dealing in trading of industrial
material. What is the difference between importer, 1st stage
dealer, 2nd stage dealer and 3rd stage dealer?
Whether all of these above can pass on the excise duty to
the end user.
Please tell me and thanks in advance.
A company charity (gross income <?250k) wishes to take
advantage of the audit exemption regime. However, there is
an audit provision in the company's Articles. Should they
be required to change the Articles?
myself B.k Singh graduate with B.Com and PGDBM - Finance, I
was worked with Service Company for 6 yrs.Now past 2yrs
working with Real Estate,moreover I want to some course
short term, plz guide me.
I am doing Data Entry jobs in Accounts.
please let me know "How to maintain Medical stores accounts"?
What is calculate of tds
what is the meaning of written-off
as goodwill written-off
How to determine TDS on Salary ? what are Limit for HRA
,insurance premium , Loan installment, children education
fee etc. what type of Deductions for salary. please Explain
Full and complete this concept with one example which cover
all aspects regarding TDS on Salary.
what amounts to appropriation of profits? When provision
for taxation does not amount to appropriation of profits?
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS
OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS
what is ment by suspence account and dummy account