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what is casual receipt? is it exmpted in income tax?


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More Accounting General Interview Questions

What is mis report , how to prepare mis report for general ledger?

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could you please tell me what CRR & SLR?

1 Answers   Wipro,


We purchased material from other state against C form. Here in invoice Basic price value - Rs 100000 Cst 2% - Rs 2000 and transportation charges - Rs 8000 Total bill value - Rs 110000. But in C form How much amount we have to give? 100000 or 102000 or 110000 I am waiting for your valuable reply, advance thanks.

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calculation of coast of goods sold

6 Answers   Capital IQ,


why the profit of a company is shown on the liabilities side in the balance sheet

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sir, some body tell me how i treat the abnormal fire loss stock :-our company suffer a fire loss during goods in transit (goods were hold at warehouse and fire occured) now how i account for the loss and what type of ledger should i create and under which group

1 Answers  


What are the different types of gst?

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Key difference between indian accounting standards and international accounting standards is.

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Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.

2 Answers   Ignou,


How Many Methods of Depriciation & Which are those ??

6 Answers   Focus,


how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.

0 Answers   Student,


Machinary worth Rs 2000 and sold to Rs 1200. Bought new one Rs 4000 and carige inwards Rs 5 How many amount trafer to Capital a/c?

1 Answers   MCom,


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