Answer / sheshank dubey

Remember that aggregate deduction that one can claim for tax saving (under Section 80C, 80CCC and 80CCD)  is fixed at Rs.1 lakh.

On goods purchases of Rs.2,00,000 got trade discount of 20,000 from supplier, and the amounts paid to supplier is 1,00,000 in cash and RS.1,00,000 in check on the same day, what would be the general ledger entry ?

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cupboard chairs are assets or indirect epenses ?

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Journal Entry:- Till taking for the months Rs 10000.

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give 3 reasons why capital is referred to as a special liability

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