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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
Pass a entry for the Contract receipts of Rs. 20000 after 
deduction of mobilization adv 30%, TDS 2.244%,Works 
Contract TDS 2% and retention money @ 10%
 Question Submitted By :: Pankaj Rastogi
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Pass a entry for the Contract receipts of Rs. 20000 after deduction of mobilization adv 30%, TDS 2.244%,Works Contract TDS 2% and retention money @ 10%
Answer
# 1		 
tds recble                797               
Retention Money          3586 
W.C.                      717 
Cash / Bank             20000  
party a/c                          25104
 
Is This Answer Correct ?    5 Yes 4 No
Prasad Deshmukh
 
  Re: Pass a entry for the Contract receipts of Rs. 20000 after deduction of mobilization adv 30%, TDS 2.244%,Works Contract TDS 2% and retention money @ 10%
Answer
# 2		 
mobilization advance a/c        dr    6000.00
tds income tax recble a/c       dr     449.00
adv.for sales tax/tds on w.c.a/cdr     400.00
retention money a/c             dr    2000.00 
Sundry debtor/party a/c         dr   11151.00

work contract receipts a/c      cr                 20000.00
 
Is This Answer Correct ?    10 Yes 2 No
Yvk Prasad
 
 
 
  Re: Pass a entry for the Contract receipts of Rs. 20000 after deduction of mobilization adv 30%, TDS 2.244%,Works Contract TDS 2% and retention money @ 10%
Answer
# 3		 
Entry

cash / bank a/c Dr.       20000/-
TDS Receable a/c Dr       1515/-
Mobilization a/d. Dr       10761/-
Retention maney a/cDr.     3587/-

 To  Party a/c             35863/-
 
Is This Answer Correct ?    3 Yes 3 No
Harindr Sahani
 
  Re: Pass a entry for the Contract receipts of Rs. 20000 after deduction of mobilization adv 30%, TDS 2.244%,Works Contract TDS 2% and retention money @ 10%
Answer
# 4		 
HARINDR WHATEVER YOU SAYING IS RIGHT
 
Is This Answer Correct ?    1 Yes 1 No
Sandeep Dubey
 
  Re: Pass a entry for the Contract receipts of Rs. 20000 after deduction of mobilization adv 30%, TDS 2.244%,Works Contract TDS 2% and retention money @ 10%
Answer
# 5		 
total contract price Rs.20000

bank a/c         -   Dr
to mobilization adv 30% - 6000
to tds                  - 449
to contract tds         - 400
to retenion money       - 2000
to contract payable     - 11151
 
Is This Answer Correct ?    1 Yes 1 No
Mn
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
Dear All, Please help me in VAT/CST I would like know about full detail of Vat-1.Rate,2.Form No. & everything which is convern about CST/VAT Thanks Sanjay Kumar  2
what is sale entry, purchase entry, credit note , debit note entry?  1
We have purchased staples Item & vendor charged freight in his invoice.should we deduct TDS on freight charges by vendor?  1
What is the basic reason behind not using anyother depreciation rates Means Why can't we use any rates lesser than applicable rates?  2
sir, i have charged labour charges with material bill to x party for Rs.211000/- plz explain me how much TDS amount will deducte by party..  2
I have issued an invoice to a client in which i have charged service tax but I have not received any amount against that invoice. In this case when is service tax payable.  5
how we can calculate the withholding tax for company? who will bear the tax? Fiat2
pls provide Latest Slab of Profession Tax of year 2008-09  3
what ate the difference between tds and income tax and which form is used for deposit tds and income tax.give me detail infromation about this question.  1
what is defered revenue tax Animaster2
Define Amortization & Impairment? OPI1
I want know about the type of taxes? Why a company charged lesser tax against the 'C'form. what is th role of 'C' form and what is the custome duty and percentage of custome duty?  2
HOW TO CALCULATE THE PF WAGES% ON GROSS WAGES ? HOW TO CALCULATE THE HRA % ON GROSS WAGES? HOW TO CALCULATE WASHING ALLOWENCE AND OTHER ALLOWENCES % ON GROSS WAGES?  2
i want for essuing c form .what is the formalties for this according cst department  1
What is TCS? Are the rates of TDS and TCS same??  9
I have purchase one air ticket from a travel agency. They allow 3000 rupees ticket to me for the total ticket purchase.But they debited staturoty TDS to me. I ask them for the legibility of this, they replaied they had received commission from airlines and airlines catch TDS from them and naturally it comes down to sustomers also. But my doubt is Airlines are allowed commission to Travel Agency and Travel Agency are not shared commission-they allowed discount. So is this TDS is applied for me or not?  2
What is MAT ? Focus5
what is vat? what is excise? what is form c & d in sales tax? iFlex16
WHAT IS SERVICE TAX. Dozco10
what is the deffnation of stt ? and how many rate of stt? ICAI1
 
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