what is the Cash purchase limit.
Answers were Sorted based on User's Feedback
Answer / ilangovan
As per Incometax rules we didn't make cash entry of
Rs.20000 and above. so that, the limit is Rs.20000/-
Is This Answer Correct ? | 20 Yes | 2 No |
Answer / accountant
cash purchase on valuation of stock
as a like goods pur for rs 25000
Is This Answer Correct ? | 7 Yes | 6 No |
What is the entry for closing stock value reduction?
0 Answers ICICI, ICS Integrated Computer Solutions,
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
2. Cash Break Even: SIPW Company sell windows. Windows are sold for $ 25/- each. Variable cost is $ 15/- per door and total Fixed Operating Costs are $ 50,000 /- which includes depreciation in the amount of $ 2,000/-. How many units of windows the company has to sell for Cash Break Even?
Why did you select accounting as your profession?
Explain how the following transactions would be recorded in a cash book with Cash and Bank columns? i) Deposit of cash into Bank ii) Withdrawal of money from Bank for office use iii) Deposit of cheques (received from others) into Bank iv) Dishonour of cheques deposited into Bank I need a detailed answer..thanks..
3 Answers ABC, Aroma, College School Exams Tests, IDA, Ignou,
If We Are Purchase Any Service For Ex. Agency Charges From Creditors & Give Or Sale The Same To Debtors; Then How I Open Agency Charges Ledger? What Is The Grouping Of It? Is It Purchase A/c. Or Sales A/c.? And If Its Purchase A/c. Then How I Enter It In Debtors A/c. Or Should I Make Two Different Ledgers With Two Groupings Purchase One And Sales One?
A company has not deposited TDS since April 2010 till 31-12- 10. TDS amount is around 3.00 Lacs per month u/s 194c,J and 1.00 U/s 192. Can any one tell concequences and chart in excel sheet how much to be deposited as on 31.12.2010 with interest. For each quarter - whether interest calculation is separate or to take it cumulative. pls explain with qanswers and hoe much panely , interest to be paid till 31.12.2010 also inform the status of tds certificates to be issued and panelty for the same for late issuance. i.e what shud be the date of issuing the certificates to public & empoloyees.
1. RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above.
what is the meaning of prepaid&accruals in accounting?
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?
What is the difference between personal account real account and nominal account?