Interested to Buy Any Domain ? << Click Here >> for more details...
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?
- 0 Answers
- 1945 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
Why do you prepare a Trial Balance?
what is t code of all expences general legder?
What is mis report , how to prepare mis report for general ledger?
which expenses are covered under indirect expenses
what is Finalization of Accounts?
What software applications have your used for accounts receivable?
what are the entry for payment of city bank credit card through hdfc bank in tally 7.2 ?
why profit and loss account debit balance appeare in the asset side of balance sheet?
11 Answers Genpact, HCL, Rites,
Why is an ‘Alternate Payee’ used
What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?
how to pass journal entries for recivables & payables if they are paid next asses year
Why current assets Liability said & current Liability Assets said...?at tally ERP9
0 Answers Engineers India Limited,
Audit 
