Calculate Maximum allowable remuneration to working partners as for section 40b of the Income Tax Act 1. In case of professional firm'' 2. Incase of Business Firm

6 Answers  

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we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?

0 Answers   Capital IQ,

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difference between office expense and miscelleanous expense with some examples

0 Answers   Thomson,

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what is the order for cashflow statement

2 Answers   Capital IQ,

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wat is penny stock?

4 Answers   Deloitte,

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From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

0 Answers   Ignou,

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How to increase our credit rating score quickly?

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I work in a semi govt society. We purchased a flag for celebrating independence day in office premises . Plz tell me under what head / ledger of exp it comes

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All shot cut key use in the tally software & it's uses

0 Answers  

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What is Cost Accounting

6 Answers   NIC, Oceanic Exports, State Bank Of India SBI,

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How to enter PO in SAP

0 Answers  

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Expand E P F

3 Answers  

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