During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.

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What is meaning of invoice?

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we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?

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pls let me know double entry of 'LEASING"

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What is the accounting treatment for goods taken from business for office use

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why debit is called debit.& why debit is on left side,why not on right side ?

3 Answers  

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if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what is the entry in tally?

8 Answers   Genpact,

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pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.

0 Answers   Marketing Sales,

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what do you mean by accrual & due ? What is the difference between Accrual & due?

4 Answers   Genpact, HCL,

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what is the difference between depreciation in account books and depreciation as per income tax act

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What is a accounts? and why have u prepare Accounts only one methods ?have a possible a different pattern?

5 Answers  

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Is the Bills payable is personal account ?

2 Answers   Income Tax, Josts Engineering Company,

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