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Should the duty of creating a purchase order be segregated
from the duty of creating a vendor?
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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.
When is income from rented accommodation to be treated as investment income and when as trading income?
Is tds deductible on discount given to customers who book the flats? Eg: If Im a construction company.
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