How to calculate interests?
Answer / chode srinivas
Interest can be calculate as follows:
Interest= (Principal Amount X Rate of Interest/100) X No.of
days/365
| Is This Answer Correct ? | 12 Yes | 0 No |
Why TDS not Deducted on Service tax amount of Rent.
in reply of sreedapa answer ,suppose for the m/o march telephone expense is Rs.800 and for the m/o april Rs.200 For this we will pass tthis entry : Telephone expenses Dr 800 To Tel expenses payable 800 Telephone Expenses Payable Dr 800 to Bank/cash 800 (For the m/o march) And for the m/o april, we will make the provision in the m/o March Telephone expenses Dr. 200 To Telephone Expenses Payable 200 Plz advice
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