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Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.
what is Reconciliation-NOSTRO,VOSTRO?
13 Answers ABC, ANZ, UBS,
where do you get Capital Expenditures?
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--------is prepared to ascertain the cost of goods manufactured
whatis meant by contigent liability
What is Zero Based Budgeting?
expand B R S
What is the concept of Loan against Shares (LAS) & ALBM?
business sepsarate entity concepts
Golden rules of accounting
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