Answer Posted / khushi sharma

Cenvat credit is a scheme where the manufacturers or the output service providers are allowed a set off the taxes paid on the inputs or the input services that are used while manufacturing the final products or providing the output service.

What is meant by partitioning?

1267

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Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?

1038

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Tell me which accounting application you prefer most and why?

969

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What is the meaning of scrap value in accounting?

1133

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Tell me entries to revenues accounts such as service revenues are usually?

3774

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You are a B.E Student? How can u manage Banking?

1896

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we had company we provide work others they deducted tds how to pass entries in my company please tell me

3411

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what is the minimum & maximum amount paid by company per day

2126

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What is the difference between perpetual and periodic inventory systems?

1117

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Explain dual aspect term in accounting?

1022

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ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher

1567

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Do you know the term account payable?

1051

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what is book building

2289

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What is consignment cycle.?Explain the steps involved in the Consignmet..?

1576

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I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

1973

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