Suppose a person is paid @ Rs.1 Lac Per Month for 2 months
by the Owner/Director prior to the Company's incorporation
for Managerial work and that person continues to work with
the Company . Is the Director liable to deduct TDS on his
Employee's Salary before incorporation also? And when the
Company is incorporated after 2 months, Is it possible to
show this expenses as Pre-incorporation Expenses?.What would
be treatment for Salary Paid and TDS Deducted when the
Company is incorporated? How will we give TDS Certificate to
the Employee at the end of the Financial Year?
Define partitioning in accounting?
Difference between reserves for bad debts & provision for bad debts.
6 Answers HSBC, NRN Business solution, Siemens,
How to define employee as supplier
total assets are equal to total liabilities in final accounts ?why?
in tally in contra is possible to create the ledger for rent
What is the entry for provision of baddebts
A change in accounting policy is justified (a) To comply with accounting standard. (b) To ensure more appropriate presentation of the financial statement of the enterprise. (c) To comply with law. (d) All of the above.
At the end of financial year need to verify the all entries in the books of accounts
What is Amalgamation?
Under which category in the balace sheet will closing stock appear
How many types of accounts may be in a company.
What is CRR ? How it Works?