My client is a Partnership Firm and was converted in to the
Now, the Question is that the both the entity i.e.
Partnership Firm and Company entitled to get the
Depreciation of Proportionarate basis, they used the Assets?
I reffered to the Income TAx Act, there is no any
specification regarding the convertion only the
amalagamation and merger.
Sir, My company was formed in the Financial Year 2007-08
and during the year there is primary work i.e. instalation
and sitattion work carried on.
Now, the Company has started the Production activity form
the Financial Year 2008-09 i.e. 14/04/2008.
The question is that if the company is entitled to get the
Addition depreciation U/s. 32?
In the absence of any provision in the partnership
agreement, profits and losses are
(a) In the ratio of capitals.
(c) In the ratio of loans given by them to the partnership
(d) None of the above.
please tell me friends what are the formats of excise
return and vat return?
company's total overhead expense is containing which are the
Definition of overhead expense.
Discuss the factors to be considered by the auditor in order to determine an audit strategy.
At the time of depreciation run we selected actual dep key is
5% but we taken 7% so the depreciation was posted wrongly how
to rectify it?
Who to create a budget on software company
What is cenvat credit?
Q13. Journalise the following transactions:
Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash.
Goods Costing Rs.5000 was burnt by fire.
Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation.
Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-.
Prepaid Salary Rs2000/-
Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
my company taken a hdfc car loan rs.355493/= but bank received
only 347345/= .after received the amount company purchase the
car. after that regular emi paid to hdfc bank.
From the following information you are to prepare a
Cash Budget for the period from July to December 2008.
(i) The estimated sales and expenses are
Wages & Salaries
Sale of Fixed Assets
(ii) Sales are 20% in cash and balance on
credit. 50% of the debtors are collected in the month of
sales and the remaining in the next month.
(iii) The time lag in payment of purchases
and expenses is 1 month. However, wages and salaries are
paid fortnightly with a time lag of 15 days.
(iv) The company maintains a minimum cash
balance of Rs. 5,000. The cash balance in excess of Rs.
7,000 is invested in government securities in multiples of
Rs. 1,000. Short falls in cash balance are made good by
borrowing from banks. The interest received as well as paid
is to be ignored.
hi to all
what is the usage of legal enitiy in oracle apps r12.
its functions. and why it is necessary plz answer my
question as soon as possible
how to entery pass in tally when items damage(items
insured)and claim to insurance co.
What is Going Concern, What is Dual Entry , What is Business
entity and what are the names of Stock exchanges and
currency of some countries, stock market related questions,
Exchange rates, Banks and other informations
X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05.
The bill is discounted with
banker at a charge of Rs 100. At maturity the bill return
dishonoured. In the books of X,
for dishonour, the bank account will be credited by Rs.