Category	Below Rs.Ten lakhs       above Rs.Ten lakhs

Contractors	 2.060%	                        2.266%
Sub-contractors	1.030%	                        1.133%
Professionals	10.300%	                       11.330%
Rent	        15.450%	                       16.990%

There are three stages to qualify as a CS — Foundation 
course (five papers), Intermediate (eight papers) and Final 
(nine papers). The CS course is by correspondence with 
provision for optional oral coaching classes. 

The cut-off date for admission to Foundation Course is 
March 31 / September 30, while for Intermediate Course, it 
is February 28 / August 31. The minimum qualification for 
Foundation Course is a Plus-Two or equivalent in any stream 
except Fine Arts, while for Intermediate Course, it is a CS 
Foundation pass or graduation in any discipline 
(Arts/Science/Commerce, except Fine Arts). A candidate is 
eligible for the Final examination after passing the Inter. 

Bank reconciliation statement is tallying of our bank book
(transactions made through bank)balances with the banker's 
pass book.MIS(Management Information System) is the 
preperation of reports of the firm for a particular period
(Receipts & payments A/c, BRS, and other reports). MIS 
indicates the exact picture of what were happened in the 
particular period. Bank Reconciliation statement also one 
of the report in MIS. Thankyou.

bank reconciliation statement and mis report please send me 
mail sir

Bank reconciliation is the process of rectifying the errors or discrepancy which occurs due to the transfer of money from one book to other.

stock audit important because in statutory audit report u/s 
227 and under CARO 2003 auditory has to answer whether 
their proper system for verification and proper valuation 
of the inventories otherwise it will spoil whole purpose of 
Financial Statement.

derivatives are the financial contracts or instruments 
whose value is derived form underlyind assets . The 
underlying assets can be equity, commodity or any other 
assets..

derivative is product whose value is derived form one or 
more basic varibaleon underlaying asset.

Derivatives are financial contracts, whoes walues are 
derived from the value of something else.

TDS is deposited upto 7th of the following month of tax 
deduction. However return of TDS is to be filed quarterly.

TDS is deposited upto 7th of the following month of tax 
deduction. However return of TDS is to be filed quarterly

Depreciation  is two types 
1).Straight Line method.
2).Fixed Line method.

Straight line method and written down value method

Depreciation types is 8 types.

6types of depreciations

Depreciation  are two types
1).Stright Line Method.
2).Diminising Method

There are four methods of depreciation they are:
1)Written down value method
2)Fixed installments Methods
3)Annuity method
4)sinking fund method

1 Straight-line depreciation 
2 Declining-Balance Method 
3 Activity depreciation 
4 Sum-of-Years' Digits Method 
5 Units-of-Production Depreciation Method 
6 Units of time depreciation 
7 Group Depreciation Method 
8 Composite Depreciation Method

this is a real a/c called debtors

The nature of the Bills Receivable Account is Real Account 
Why because Account of bill of exchange i.e., account of an 
asset.

Reserves is something that the company has with 
itself....whereas provisions are expenses tat company 
expects and provides for the future....

reserves is the like saving of the company for future. 
provision is any payable to carry over to next year, like 
slary payable audit fees payable  like this

Bank Charges A/c Dr
     
    To Bank A/c

(Being Bank Charges Accounted as per Bank Statement)

ank Charges A/c Dr
     
    To Bank A/c

(Being Bank charges debited by bank  for the month of  xxxx )

The salary income should appear after the gross profit 
only.  The expenses before GP are only the manufacturing 
cost or cost related to sales.

Salary will come under expenditure and will be debited to 
P&L account after gross profit to arrive at net profit.

The reason is Salary is an administrative expenditure hence 
it is to be taken after GP and before NP.

1. Credit Sale:-

Party (Sundry Creditor) A/c Dr.
   To Sales A/c
(Being Credit Sale made)


2. Credit Purchase:-

Purchase A/c Dr.
    To Party (Sundry Debtors) A/c
(Being purchase made for Credit Basis)

Credit sale.

Party(sundrey debtors)a/c Dr
   To Sales

Credit purchASE.

Purchases a/c Dr
  To Party(sundry creditor)

Credit sale.

Party(sundry debtors)a/c Dr
   To Sales

Credit purchase.

Purchases a/c Dr
  To Party(sundry creditor)