Answer / ashish negi

Direct income is the income which is earned directly to do
his business or services provided.
E.g:- Salaries, Professional fees etc.

Answer / kodanda pani

sale of goods

Answer / aman

direct income
duty and draw back and freight and forwarding

Answer / rabindra nayak

For example of Direct income

Interest rec. from bank

A is vendor of B. B owes him 50000/-. A asked B to conduct an event on his behalf and the expenses incurred by B was 25000/-. A issued a credit note in favour of B in full , stating that TDS done @10% on 25000/-. Now , B has to settle A's balance. 1.Entries in the books of B 2.How much B repaid to A for settlement and the Entry in his books.

5 Answers   CTPL,

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what is meant by banling reconcillation statement?

1 Answers   Genpact,

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WE have paid two month Advance salary on dated 03 June 2010. What will be journal entry inthe month of june for advance payment. And what will be journal entry in the month of july and August for salary adjustment.

5 Answers  

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sir, what is the tangible assets, intangible assets

2 Answers  

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Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A

1 Answers  

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What is accounting & why it is used?

0 Answers  

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Non-performing Asset (NPA)

3 Answers   Bank Of America,

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What is Contra Voucher 

2 Answers   Government,

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What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%

0 Answers   Luminous,

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Mr.X working in an organization,He as taken to salary advance 10,000 on 15/1/2016.He total salary payed on 30,000 5/2/2016?

3 Answers   IBM,

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While calculating TDS are we to take the value+Tax and then arrive at or take only the value

2 Answers  

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How do you prepare a balance sheet from a trial balance?

0 Answers  

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