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harindra sahani


{ City } ahmedabad
< Country > india
* Profession * accountant
User No # 26285
Total Questions Posted # 0
Total Answers Posted # 13

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

Users Marked my Answers as Correct # 174
Users Marked my Answers as Wrong # 70
Questions / { harindra sahani }
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Answers / { harindra sahani }

Question { Mphasis, 20510 }

what r the heads of taxation


Answer

Ther ar five head of income tax or taxation,named,

(1) Salary

(2) House Property

(3) Business/Profession

(4) Capital Gains &

(5) Other Sources

Is This Answer Correct ?    12 Yes 1 No

Question { Focus, 16397 }

What is MAT ?


Answer

MAT Mean Management aptitude test,
Which test is for admission for management program

Is This Answer Correct ?    5 Yes 17 No


Question { Capital IQ, 15816 }

whatis mean by accured income?


Answer

Accrued income mean,whiche income earned in current
accounting year but not receve this year, its receive next
year,Example, interest on investment as on 31/03/2008 but
he is only so balance sheet assets sid and he receive next
accounting year after march so its is a my assets ,

Is This Answer Correct ?    5 Yes 0 No

Question { 19209 }

What is the rate of TDS applicable for Advertisement in FY
2008-09 (Individual+Company)?


Answer

TDS Rate in advertising is 1%+(10% surcharge Ef app.)+3%
Education cess

Is This Answer Correct ?    7 Yes 3 No

Question { 34004 }

Pass a entry for the Contract receipts of Rs. 20000 after
deduction of mobilization adv 30%, TDS 2.244%,Works
Contract TDS 2% and retention money @ 10%


Answer

Entry

cash / bank a/c Dr. 20000/-
TDS Receable a/c Dr 1515/-
Mobilization a/d. Dr 10761/-
Retention maney a/cDr. 3587/-

To Party a/c 35863/-

Is This Answer Correct ?    11 Yes 13 No

Question { 11097 }

Which form we use for depositing CST


Answer

Form use to deposit CST to sales tax is Form III(B)

Is This Answer Correct ?    1 Yes 8 No

Question { 11097 }

Which form we use for depositing CST


Answer

FORM III(B)

Is This Answer Correct ?    3 Yes 5 No

Question { 7614 }

how are the 3 financial statements related to each other?


Answer

1) trading a/c
2) profit & loss a/c
3) balance sheet

Is This Answer Correct ?    10 Yes 3 No

Question { 10419 }

What are the basic rules in accounting.


Answer

Ther are three basic rules use in accounting


REAL ACCOUNTS Debit what comes in
Credit what goes out

NOMINAL ACCOUNTS Debit all losses & expenses
Credit all income andrevenues

PERSONAL ACCOUNTS Debit all receiver
Credti all giver

Is This Answer Correct ?    6 Yes 0 No

Question { ABC, 13634 }

what is opening balance?


Answer

Opening Balance is the balance which is brought from
previouse accounting closing balance,
Or closing balance of previous year is opening balance of
next accountin year,

Is This Answer Correct ?    11 Yes 2 No

Question { 6151 }

FBT % on Tour & Travelling Exps?


Answer

FBT % tour & travelling is eligible 5% such expenses them
tax rate is 30% +Education cess (3%) + Surcharge 10%
total eligible valu

Is This Answer Correct ?    9 Yes 3 No

Question { 21626 }

what r the types of balance sheet?


Answer

There are a two type of Balance sheet
(1) Horizontal Balance sheet

(2) Vertical Balance sheet

Is This Answer Correct ?    94 Yes 15 No

Question { 10295 }

what is the working formula for Quick ratio


Answer

Quick Ratio = Current Assets-stock in hand/Current
Libilities

Is This Answer Correct ?    0 Yes 0 No