Answer / sonu

A projected b/s is forecasted statement of total asset and liabilities of an organisation at particular date.

A estimate b/s is prepared on market values.

Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????

0 Answers  

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What are the functions of a General Ledger? What accounts are usually maintained in it and from what subsidiary books are they derived?

1 Answers   Broadridge,

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Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?

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I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

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A business sold goods valued at R1000 excluding vat on credit to a customer. What would be the debit to the customers account if vat is 14% ?

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0 Answers   Genpact,

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Hi everyone Sir if we not deposited the TDS before 7th of Every month,tehn what is the penality rate

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