Answer / priyul
Under Income tax Act, 1961, If turnover crosses 60 lakhs of
business organization than it has to make its accounts
audited by Chartered Accountant. Thai is called Tax Audit.
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How to set/ determine Credit limit of a customer in Manufacturing and Trading Business?
goods sold to mr x of rs5000/-,out of that we give him discount allowed of rs 500/-,and we take setting charges of rs1000/-.so what will be the entry?
When will the cash Book have a Credit Balance?
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what should by the journal entries for tds payble
real account means
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if we wrongly entered a payment as a receipt in cash book i.e 500000. then what is the difference in cash book and bank statement during the bank reconciliation.