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Explain dual aspect term in accounting?


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What is the accrued interest & how the entry will be passed for the same

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The following figures have been extracted from Katerina’s books of account for the month of April 2010: $ Sales 460 000 Total variable costs 299 000 Total fixed costs 90 000 Profit 71 000 (d) Calculate the sales in dollars necessary to make a profit of $100 000.

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Calculate the total Depreciation for four or five Years so give example?

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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

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I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

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WHAT IS THE DIFFERENCE BETWEEN BANK BALANCE SHEET AND INSURANCE BALANCE SHEET.

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example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.

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In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail

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what is bills receviables?

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CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT

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