satyanarayana raju


{ City } hyderabad
< Country > india
* Profession * tax auditor
User No # 31212
Total Questions Posted # 14
Total Answers Posted # 51

Total Answers Posted for My Questions # 20
Total Views for My Questions # 34638

Users Marked my Answers as Correct # 1170
Users Marked my Answers as Wrong # 181
Questions / { satyanarayana raju }
Questions Answers Category Views Company eMail

What is Bank Reconciliation Statement

 1 Accounting AllOther 2876

Pl send your mail addresses to avail a Free Book on interviews. It is specially designed containing 30 pages for Freshers in Accounting Job Seekers

 7 Accounting General 6035

what do you mean by the word Purchase

Capital IQ,

3 Accounting General 5726

How is form 16 different from form 16A

 1 Taxation 3612

What do you mean by the word Loss in nominal accounting Give some examples

 2 Accounting General 2154

Transport expense were reimbursed by the supplier Pass journal entry

Satyaki Educational Academy,

1 Accounting General 2015

In the income statement we may get profit or loss but the name of the statement was Profit and Loss account Why it was so?

Satyaki Educational Academy,

1 Accounting General 1770

Why we debit expenses and credit incomes ?

 Accounting General 1261

Bank account comes under Real or Personal ?

 1 Accounting General 2049

Classification of Bank A/c and Bank OD account

 1 Accounting AllOther 1630

The real meaning of Purchase

 1 Accounting General 1663

pass journal entry for Prepaid insurance

 Accounting General 1175

How you classify bank Account?

Satyaki Educational Academy,

1 Accounting General 1499

what do you mean by Firm

 Accounting General 1173



Answers / { satyanarayana raju }

Question { TATA, 70966 }

what is the Entry for Prepaid expenses? which side it come
in balance sheet?


Answer

Mr Veerender saab entry is correct. But clasification is
wrong. It will come under Assets side. All debit balances
will be placed under assets side.

Is This Answer Correct ?    9 Yes 3 No

Question { Wipro, 213986 }

what is journal entries for cheque dishonored?


Answer

If is acheque recd from customer and is dishonoured
1At the time of deposit
Bank a/c Dr
To Customer a/c
2.when the cheque was dishonoured we have to reverese it
Customer a/c Dr
To Bank a/c

Is This Answer Correct ?    568 Yes 51 No


Question { 5441 }

what is business transaction


Answer

It is that which can change the financial position of an
organization is called Transaction

Is This Answer Correct ?    0 Yes 1 No

Question { IBM, 12723 }

Sir,
I am a B.Com graduate .I would like to know the options i
can get if iam planning to go for a job.
Kindly request you to help since i dont know what to do.
Waiting for the reply.
Thanking you


Answer

A commerce candidate can do so many things without trying
for a job.You can even setup for accounting or Tax practice
by learning the subject in practical.If you are thorough in
the subject it will help you a lot in learning the Taxation
and Accountancy in practical. The demand is very high and
the supply of active and practical candidates are very low.
More over I am going to publish abook helpful for commerce
candidates to attend interviews and to do practical things.
If neede pl send your id for free sample book.
My e-mail satyaki_raju@yahoo.co.in

Is This Answer Correct ?    14 Yes 3 No

Question { Maersk, 69993 }

what is entry for depreciation?


Answer

Mr Guest be careful while answering Depreciation is an year
end closing entry and which is a non cash entry. then how
can you write deprection with bank. Try to use this site to
revise yourself and to become a guide to others

Is This Answer Correct ?    12 Yes 4 No

Question { 3C Three C, 79999 }

if salary paid per month rs. 28000/- i will deduct tds from
his salary please what i will do explain


Answer

Hullow mr Jagmohan and Manish Kumar both of your
explanations are not correct. The question is lack of
clarity. He didnt clear it as gross salary or Nett salary.
The nett if exceeds 1,50,000 attracts tax. You pl note the
basic exemption is 1,50,000. In addition to that exemptions
under Section 10 and Chapter Vi were there. If planned
correctly taking all the provisions into consideration a
salried individual need not pay a single paisa if his nett
income exceeds even 4,35,000/-Pl send your mail.id I will
send you a Lay Man tax plan to avoid tax burden

Is This Answer Correct ?    35 Yes 16 No

Question { 10721 }

What is conta entry


Answer

Contra means transfer of fund from Bank to cash, Cash from HO to Branch , Branch to HO, bank to Bank and Cash to Bank This is for convenient utilization of fund

Is This Answer Correct ?    0 Yes 1 No

Question { 5665 }

expand B C T T


Answer

Building Communities Today for Tomorrow

Is This Answer Correct ?    0 Yes 0 No

Question { Andhra Bank, 6455 }

Please send me the last solved question papers of andhra
bank for the post of Officer HR


Answer

a sample book on interviews will be sent to you if
requested thru your e-mail id to me
(satyaki_raju@yahoo.co.in)

Is This Answer Correct ?    10 Yes 3 No

Question { IndusInd Bank, 20404 }

I did mt MBA(finance & Marketing)after my
B.Sc(Biotechnology). The interviewers are asking me why u
changed from bio-science field to mba(finance). Plz help me
how to answer for this.


Answer

Book on interviews is going to be released soon. I can
firmly say as my book is the first one covered
journalisation in practical way. If needed pl put a request
with your e-mail id to me (satyaki_raju@yahoo.co.in)I will
send a sample book on interviews covering all the chapters

Is This Answer Correct ?    0 Yes 15 No

Question { HCL, 6629 }

I Have MBA in Finance and staying at Ameerpet. Please help
me in findinag a best institute to learn tally near to
Ameerpet.


Answer

Mr Venugopal Pl contact me thru your e-mail I am going to
release one book basing on accounts and finance. I am the
first person who covered all chapters. This is the first
book on practical journal entries. I will send one sample
book on interviews to if you put a request thru your e-mail

Is This Answer Correct ?    5 Yes 4 No

Question { ABC, 24541 }

Please mention the procedure of Deducted TDS on Salary?
If My Salary is Rs.250000/- PA. than how to deduct TDS on it?


Answer

First of all we have to see the question once again before
answering. The question is not clear.Mr Lokesh did nt
mention his salary as gross or nett.If Lokesh think carry
home salary as nett salary or Nett salary after allowing
all the permissible deductions, treatment will differ.Nett
salary is the salary after all permissible deductions
allowed by the Income Tax Department. Profession tax
deducted by the employer, Transport allowances,Exempted
part of HRA,and allowability in the shape of
savings,childrens school tution fee,Medical insurance,and
reliefs if any will be deducted from Gross salary.After all
these things the tax will be levied as per calculations. If
planned correctly A Person need not pay a single paisa tax
even though his income crossed 4,25,000/. If any body
interested I will give a correct explanation on salries. As
an Auditor I can educate you. Pl ask me thru your e-mail id
today

Is This Answer Correct ?    15 Yes 4 No

Question { 4238 }

fill in the Blanks
A gift below __________from other than relatives will be
exempted from income


Answer

Basant please alter 5000 as 50000

Is This Answer Correct ?    0 Yes 0 No

Question { 4423 }

Choose the right answer
when a customer directly deposits in our Bank towards his
dealership deposit we have to debit
1.Customer 2.dealershiip deposit 3.Bank


Answer

Debit Bank a/c
Credit Customer Deposit A/c

Is This Answer Correct ?    0 Yes 0 No

Question { 4319 }

EXPAND___________LTTE


Answer

Letter to the Editor

Is This Answer Correct ?    0 Yes 1 No

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