x pay incentive to y with tds@10%.what is the journal entry in
the books of x & y?


No Answer is Posted For this Question
Be the First to Post Answer

Post New Answer

More Accounting General Interview Questions

what is fictitious account?

5 Answers  


Balance sheet is account or statement?and Which account is come under balance sheet(i.e. real,personal and nominal account)?

3 Answers  


how to pass entry in tally when insured item damage. But goods purchases with in state.

1 Answers  


if we have charged vat @ 5% instead of 4% ,how can we rectify that invoice ?we have already send that invoice to our client and we have received that payment also .Invoice Dated 25/01/2010 Kindly advice on that .........

1 Answers  


What is diffrence between Satutory Liquid Ration and Cash Reserve Ratio?

4 Answers   IIM,






how to calculate closing stock...? include direct exp or not... 

2 Answers  


What qualifications have you achieved?

0 Answers  


Please Inform me the actual meaning & rate of C.S.T.,E.S.I.,Gift Tax,Service Tax,Excise duty,Professional Tax & Range of the same,Calculation of P.F. & F.P.F.

2 Answers  


What does overhead mean in regards to accounting?

0 Answers  


Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?

0 Answers  


DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?

0 Answers  


WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET

1 Answers   MNC,


Categories