what is the journal entry of payment received after deducting
tds?
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Answer / akhil
Journal Entry
Dr. CASH /BANK
Dr. TDS EXP.
Cr. ACCOUNTS RECEIVABLE
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / sunny
cash / bank a/c. dr
advance tax a/c. dr
to a/c. receivable
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / max
Journal Entry
Dr. Cash
Cr. Accounts Receivable
Cr. Trade Discount
| Is This Answer Correct ? | 4 Yes | 10 No |
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
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