I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

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Is depreciation a source of finance ?

5 Answers  

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commision of rs-150 paid but charged to interest account,journal entry

4 Answers   TATA,

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In which account does the unpresented cheque will get recorded?

0 Answers  

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how to read balance sheet ? and at first which thing you see in balance sheet ?

3 Answers  

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What is purchasing order?

0 Answers  

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What will be the general entry for purchase return? What will be the general entry for sales return?

3 Answers   Redington,

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as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...

0 Answers  

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Where is Profit and Loss posted in a balance sheet?

8 Answers   EXL,

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journal entry for goodwill and capital bought by a new partner?

0 Answers  

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how is suspense a/c treated after it has been shown in the trail balance ?

2 Answers  

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claim of workers pf esic contribution as expenditure in profi & loss a/c under head manufacturing or Administrative exp ?

2 Answers  

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