raghu


{ City } bangalore
< Country > india
* Profession * sr accountant
User No # 112927
Total Questions Posted # 0
Total Answers Posted # 38

Total Answers Posted for My Questions # 0
Total Views for My Questions # 0

Users Marked my Answers as Correct # 54
Users Marked my Answers as Wrong # 13
Answers / { raghu }

Question { Gammon, 3636 }

can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to day exp ( not for purchase a capital asset )


Answer

While entering into book ,do entry 15000 +5000 each entry in this way we can do.
for any assistance in accounts call @ 9611129966

Is This Answer Correct ?    0 Yes 0 No

Question { 1829 }

Labour charges paid to labour party on tds rate ?
May be deductable ?
Example

Iron purchase 16.500 mt. Per ton broking charges 200.00


Answer

Labour Charges falls under 194C
As per 194C limit is the 75000 per annum,30000 per single transaction.
Rate of deduction is 1% for Individual&HUF,
2% for other than Individual&HUF (Company,Trust,Partnership)

As per your query TDS limit is not exceeding hence TDS deduction not required.

Is This Answer Correct ?    0 Yes 0 No


Question { MRF, 2471 }

What is Accruals ? How it is treated in finacials


Answer

Earned but not yet received

Is This Answer Correct ?    6 Yes 2 No

Question { ABC, 4566 }

what is the purpose of preparing Bank reconciliation ?


Answer

We have deposited a cheque into bank and same will be enter in our books,but still in bank not credited so avoiding the like this cases and matching the books & Bank we are doing BRS.

Is This Answer Correct ?    0 Yes 0 No

Question { Essemtec AG, 2030 }

hello please anyone can help me, how to prepare the bank reconciliation statement?


Answer

If you have not accounts background :-

Do simple steps :-

Compare the between bank book(pass book) and your books.find the difference

Is This Answer Correct ?    5 Yes 2 No

Question { Shivani Agriculture, 2952 }

i received cheque from the customer and deposited in bank please tell me the both entries in tally


Answer

Bank A/c Dr
To Customer a/c

Is This Answer Correct ?    7 Yes 0 No

Question { 1888 }

wages and labour entry


Answer

Its Direct Expenses will shown at trading a/c.

Wages a/c Dr 1250
To Wages Payable a/c 1250
(Being wages accounted/Incurred)

Wages Payable a/c 1250
to Cash/Bank a/c 1250
(Being Wages paid)

Is This Answer Correct ?    8 Yes 0 No

Question { Suraj Constructions, 2268 }

Testing charges bill given for Rs. 32,000/- but not added service tax in this bill. So, How much TDS will be deduct


Answer

Testing Charges will falls under 194C.

Please deduct TDS on 32000 @ 1% or 2%.

Is This Answer Correct ?    4 Yes 3 No

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