My company's accountant use two different way to calculate
Depreciation,one as per Companies Act and another rate for
Income Tax calculation. Why we have to use two way to
calculate it? Can we just use one way to calculate?
What is mean by account receiveble and account payable how
it will goes to upto finalazation.and wher it will papper
in accounts books.and wher it well be apper in accounts
books can you tell for my accounts interview perpose.
What si the differance between REVENUE and PROFIT?
I run a small consultancy firm (partnership with my mother)
from my residence address. My firm is not registered, but I
do have a separate PAN for it. I do not have any salaried
employees. I get work done by freelancers and vendors and
pay them against invoice. My annual revenues are just about
Rs 5-6 lakhs. I am aware that I would need to register for
service tax once I touch Rs 9 lakhs. But I am confused about
my obligation to get a TAN and deduct TDS for all
vendor/freelancer payments. Are there any minimum thresholds
for withholding TDS? Right now I pay 100% of invoice
amounts. Please advise.
Difference between nonoperating expentiture and non cash
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above
What is Hot Issue Income for Hedge Funds?
What is the difference between SL and GL ?
what is the entry to be made for vat when any purchase is
made in that bill vat amount is included ?
What are direct income and indirect income
What are events occuring after the balancesheet date?
How to caluculate the value of Corporate Profit, the value
of personal savings and the value of indirect tax?
Data flow of Accounts payable to General ledger?
Ram retired from partnership. The partners with mutual
consent agreed to put the capital balance as on the date of
retirement as loan to the firm @ 18% pa. The credit balance
to his capital account was Rs 325000/- Pass necessary entry
as per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary
if i have a educational loan on my name, can i show for tax
exemption on current year income tax? Is it applicable for
tax exemption (educational loan)
Please send the clerical exam questions and answers to my
mail Id firstname.lastname@example.org