Answer Posted / amit kumar tiwari
TAX DEDUCTION AT Sources-TDS is one of the mode of
Collection of taxes by which a certain amount deduct in
certain percentage and deposit 07 of every month except 31
March it is similar "As you earn"
| Is This Answer Correct ? | 4 Yes | 2 No |
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pls let me know double entry of 'LEASING"
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My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
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