in trial balance if there is PROVISIONS given under the
heading current liabilities then where will its effect be ??
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Answer / h.r. sreepada bhagi
It should be shown under Current Liabilities & Provisions in
the Balance Sheet also.
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Answer / kapil kr. agrawal
It will directly affects the calculation of Working
Capital....
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During the year a firm has received TDS of Rs.30 lakhs and out of this an amount of Rs.9 lakhs was adjusted against the taxes. However, in the balance sheet under the head assets,the firm shown Rs.30 lakhs towards TDS. Is it correct. In my openion, in the balance sheet, the assessee has to show only Rs.21 lakhs as asset in the balance sheet, after reducing the tax adjustemnt of Rs.9 lakhs. Pl. Clarify.
I 've Tally7.2 in my pc & i have Data from 2005 but my Auditor wants only data from 2008 -2009 How do i send that years data i means from 2008 -2009
Alpha Co. issued to the public for subscription 40000 shares of rs 10 each at discount of 10%payable as rs. 2 each on application, allotment and first call and rs.3 on the final call. Applications were received for 60000 shares and allotment was made pro-rata to 80% of applicants. R to whom 2000 shares were allotted paid only the application money, and S who had applied for 3000 shares,paid the entire call money due along with the allotment. pass journal entries to record the above transaction.
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Please give me a tamil answer to (i) What is Tds (ii) How many percentage to calculate like this below method to give answer Particulars Amount (%)
Can any body tell me what is the difference between Company act & income tax act depreciation chart, if any one have any chart or clarification about it, please mail me at vaish_shiwani87@rediffmail.com
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