Should we take the taxes in to P& L A/c.

Answer Posted / tarjeet bisht

No,Because it will effect in our profit or loss

Is This Answer Correct ?    12 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500

37744


Explain different branches of accounting?

741


PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?

1487


Why do you want to be an accountant?

632


How to pass workscontract sale invoice which includes WCT & VAT.

1793






Differentiate accounting and auditing?

651


what is windows dressing final accounts?,sales a/c belongs to which a/c type?

1630


Wha is difference between expenses and expenditure

1349


Explain me have you ever heard about tds, what it is?

628


if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3283


Under the accrual basis of accounting, when revenues are reported in the accounting period?

562


What is an adjusting journal entry?

602


Tell us why did you select accounting as your profession?

645


DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?

2564


How create the invoices?

1580