WHAT IS BANK RECONCILIATION STATEMENT?
DIFFERENCE BET PUBLIC COMPANY AND PRIVATE COMPANY?
MEMBERS IN PUBLIC CO AND PRIVATE COMPANY?
WHAT IS DEPRECIATION?

Dear Experts,
I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax.
Here are the examples with expected result. Please let me know the formula on how to get the given result.
Example1:
Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations)
Tax1 rate is 10% and Tax1 is inclusive.
Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1
Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2
Expected Results are:
Tax1=76.34
Tax2=83.97
Tax3=76.34
Let me know formula to derive above values?
Example2:
Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations)
Tax1 rate is 10% and Tax1 is inclusive.
Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1
Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2
Expected Results are:
Tax1=75.70
Tax2=83.27
Tax3=84.03
Please let me know formula to derive above values?
Thanks in advance.

150

what about case study

449

What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?

1018

I have scooter , and its insurance expired for the past 1
yrs and i need to renew it ? how to , explain?

472

What do you mean by Bill of Exchnage.How to manage ? Explain

303

explain the special provisions for computing profit and
gains of retail business

499

What is money measurement concept

485

What is band and why the company needs this?

401

I want to know about the site where i can do online
application for F form. Please suggest site address and
procedure.

459

What is the Full Procedure of Purchase ?

409

Explain significance of Nastro and Vastro in accounts?

1976

From the following find out
a. Profit Volume ratio
b. Break even point
c. Sales for 40% P/V Ratio
d. Margin of safety from the sales Rs 3,00,000
e. Net profit from the sales of Rs 3,00,000
f. Required sales for the new profit of Rs 70,000
g. Required sales for the net profit of Rs 70,,000 after
tax, the corporate income tax
being 40%
h. Additional sales required to convert an increase of Rs
3000 p.a. in the sales
manager salary
Sale 2,00,000
Variable Overheads 1,50,000
Profit 50000
Fixed overheads 15000
Net profit 35000
Sl
No
Heads of Account Debit
Rs
Credit
Rs
1 Drawing and Capital 750 15,000
2 Stock as on 01.01.2009 69720
3 Bills Receivable and
bills payable
1000 1180
4 Returns 300 320
5 Purchases and Sales 4500 8300
6 Wages 70
7 Discount 30
8 Salaries 200
9 Canara Bank Shares 3000
10 Insurance 120
11 Building 3000
12 Furniture 700
13 Debtors and Creditors 600 1300
14 Cash in Hand 470
15 Overdraft at bank 900

520

EXPAND___________NBW

253

Sir i am working in 3 star hotel as a senior accountant i
need some general letter drafts pleas do the need ful

496

cash credit taken from bank then what is the general entry?