i am normally accountant. i am not a CA. then i learn a account maintain
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how to pass the journal entry for tds dedcted on commission receivable
What are time sheets? How are they maintained?
what is an assets?
a buyer,purchases a for rs100, b for rs80, c for rs60 and mixed in ratio of 3:4:5 and sells @ 50% profit what wil be d price?
Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
entry of salary after deducting esi and pf
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
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SHADOW BALANCE SHEET
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