Question { 4480 }

Please do let me know how to pass the entry for the rent
invoice recd. from business centre (for eg. total amt. is
39941/-)includes rent is 35000/-, telephone chgs: 82.80/-
,Stationary 15/-, Pantry chgs. 450/- and service chg
4393.71/- .

Answer

Telephone rent 35000.00
Telephonic charges 82.80
Stationary 15.00
Penalty charges 450.00
Service Charges 4393.71
To Telephone bill 39941.00
To Round Off .51

Question { 90415 }

How to calculate the closing stock value ?

Answer

There are 3 methods are used for calculation
closing stock value

A) FIFO:- FIRST IN FIRST OUT (APPLIED IN OUR COMPANY)
B) LIFO:- LAST IN FIRST OUT
C) WEIGHTED AVG:- TOTAL CLOSING STOCK QTY MULTIPLY
WITH LAST PURCHASE RATE.

Question { 19312 }

what is the lat date of tds deposit for march 2009
ASSESSMENT YEAR 2009-10

Answer

if your TDS is being liablity before 31st march, then it
should be paid on 7th april. It means if you paid the party
before 31st march, then tds will be liable to pay before
7th april (next mnth). If u Provision TDS on 31st march
then u can pay before 31st may. TDS on salary for the m/o
March will be liable to pay before 7th april.