Alpha Co. issued to the public for subscription 40000 shares of rs 10 each at discount of 10%payable as rs. 2 each on application, allotment and first call and rs.3 on the final call. Applications were received for 60000 shares and allotment was made pro-rata to 80% of applicants. R to whom 2000 shares were allotted paid only the application money, and S who had applied for 3000 shares,paid the entire call money due along with the allotment. pass journal entries to record the above transaction.

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Are you satisfied with your academic achievements?

0 Answers   Ernst Young,

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During the year a firm has received TDS of Rs.30 lakhs and out of this an amount of Rs.9 lakhs was adjusted against the taxes. However, in the balance sheet under the head assets,the firm shown Rs.30 lakhs towards TDS. Is it correct. In my openion, in the balance sheet, the assessee has to show only Rs.21 lakhs as asset in the balance sheet, after reducing the tax adjustemnt of Rs.9 lakhs. Pl. Clarify.

1 Answers  

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What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?

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what is suspense capital a/c? when this type of account will be opened in the books of accounts?

2 Answers  

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What are documents need to vouch while doing sales vauching?

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tds effect in balance sheet if tds receipts

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I am a registered dealer under tnvat act 2006. I do not have CST number. But, i purchase imported liquor from new delhi. shall i get c form for reduced rate of CST?

3 Answers  

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What is mean by error of submission? can u plz provide notes on this?

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what is Form H?

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Expand---------BRPT

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Why do you want to be an auditor.

6 Answers   Airtel, Subway, Vodafone,

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