What is the general net worth percentage banks will observe
while sanctioning the Loans for Tranding, Construction and
Manufacturing units.
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Why we do Inter company reconciliation
A and B are partners sharing profits and losses in the ratio of 3:2 having the capital of Rs. 80,000 and Rs. 50,000 respectively. They are entitled to 9% p.a. interest on capital before distributing the profits. During the year firm earned Rs. 7,800 after allowing interest on capital. Profits apportioned among A and B is (a) 4,680 and 3,120. (b) 4,800 and 3,000. (c) 5,000 and 2,800. (d) None of the above.
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Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.
What is vendor?
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