sundeep


{ City } delhi
< Country > india
* Profession * delhi
User No # 34185
Total Questions Posted # 0
Total Answers Posted # 34

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Questions / { sundeep }
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Answers / { sundeep }

Question { TCS, 644284 }

Golden rules of accounting


Answer

yarro sab ke sab galat ho
personal a/c - debit the giver
credit the receiver
means u received a 1000 rs so u will make a entry
cash a/c dr 1000
my capital a/c means personal a/c 1000
ok

Is This Answer Correct ?    1 Yes 0 No

Question { SAT InfoTech, 9644 }

Hi
May i know i 2 avoid Income Tax.I am getting 1,20,000PA
and a house rent of 5000PM,and profit from Agriculture
Income of 80,000.Is agriculture Income taken into
consideration.If so how 2 calculate further & how much will
b the Income TaxI will b getting.


Answer

U R MONTHLY SALARY IS =10000 PM
AND HRA RECEIVED = 5000 PM
IF UR HOME IS SAME CITY MEANS
ALL AMOUNT IS TAXABLE
EXAMPLES : 10000+5000=15000 PM IS TAXABLE AMOUNT IN CASE
OFFICE AND HOME IN SAME CITY
TOTAL TAXABLE INCOME=15000*12=180000
150000RS = NIL
(180000-150000)= 30000*10%
= 3000 RS TAX AMOUNT
AND AGRICULTURE INCOME IS FULLY EXEMPTED.

Is This Answer Correct ?    3 Yes 2 No


Question { SAT InfoTech, 9644 }

Hi
May i know i 2 avoid Income Tax.I am getting 1,20,000PA
and a house rent of 5000PM,and profit from Agriculture
Income of 80,000.Is agriculture Income taken into
consideration.If so how 2 calculate further & how much will
b the Income TaxI will b getting.


Answer

yaar tum asab salary mein se hra minus kyon kar rahe ho jab wo kah rahah hai ki salary use 120000 and hra 5000 pm milta hai t fir.

pahle socho fir type karo

Is This Answer Correct ?    0 Yes 0 No

Question { Ing Vysya Bank, 32535 }

what is the difference between savings bank account and
current bankink account?


Answer

saving a/c : in the saving a.c money withdrawel
limitation . the bank is given interest on ur money
deposits @3.5% and restricted the again & again money
withdrawel
current a/c : in the current a.c no limitation on withdrawl
& deposits bank is not given interest on our money deposits
but banks also charged on that a/c

Is This Answer Correct ?    16 Yes 6 No

Question { 12552 }

What is the percentage rate of PF,ESI,PROFESSION
TAX,SERVICE TAX,VAT,INCOME TAX in BANGALORE?


Answer

are bawle usne answer manga tha na ki question

dear
pf calculate on net salary
pf 12%(employee)
pf 12%(employer)8.33% pension fund + 3.67% pf fund

esi calculate on gross salary
esi 2.75 % (employee)
esi 5.75 % (employer)

service tax is 10.30%
professional tax is different in different state ok
and vat also aaplicable on state wise
income tax slab is f.y 2010-2011
slab rate individual
160000-nil(mens)for female 190000- nil
for senour citizen 240000 nil
upto 500000-10%
upto 800000-20%
above 800001 - 30%

Is This Answer Correct ?    15 Yes 6 No

Question { 3390 }

Choose the right answer
when cheque given to a creditor dishonour,we have to credit
1.Creditor 2.Bank 3.loss


Answer

creditors

Is This Answer Correct ?    2 Yes 0 No

Question { HP, 24399 }

What is the entry for deprecation?


Answer

p&l a/c dr
to depriciation a/c

Is This Answer Correct ?    1 Yes 3 No

Question { Gupta, 74808 }

What is enty in Tally of newly capital brought to start
business?


Answer

abe illitrate persons business start cas or bank dono se ho
sakta hai to ye kaho ki

cash/bank dr
to capital a/c

Is This Answer Correct ?    117 Yes 8 No

Question { 6850 }

what is a contra entry how it is passed in journal and cashbook?


Answer

two types of conta entry
1. cash deposit into the bank
bank a/c dr
to cash a/c

2. cash withdraw from bank
cash a/c .d/r
to bank a/c

Is This Answer Correct ?    20 Yes 0 No

Question { TCS, 52389 }

what is the difference between cash discount and trade
discount.

what is the journal entry for purchase of 100000 giving
(a) 5% trade discount
(b) 5% cash discount.


Answer

in case of trade discount
purchase a/c dr.........100000
to, discount a/c................5000
to, cash a/c...................95000

in case of cash discount
purchase a/c dr............95000
to, cash a/c....................95000

Is This Answer Correct ?    69 Yes 75 No

Question { TATA, 13535 }

Mr. A purchased a car worth of rupees 2,00,000 on cash than
what would be the entry


Answer

hello mr.
if car purchased in the name of firm
car a/c dr.....200000
cash/bankcr.......200000

if car purchase in for personal use
drawings a/c dr.........200000
cash/bank a/c cr.............200000

Is This Answer Correct ?    4 Yes 3 No

Question { 22238 }

Re: one customer visit the showroom of phones and purchased
the phone of Rs 750 and gave the 1000 rupees note the
showroom executive didn't have the change so he take the
change from next to his showroom's shop then he deliver the
phone to customer with the change of rs 250.and customer
went with both after sometime the shop owner of next to
showroom who gave the change of Rs 1000 with angry and told
the showroom executive that the note you give it to me is
fake! so showroom executive gave him Rs1000 to him.so
my(question) is how much the showroom executive faced the
loss on this transaction.


(the answer is neither 750,1000,1250,1500,1750 nor 2000)
please reply the answer because its urgent with the
explanation of u'r answer thankyou.


Answer

customer ne phome purchase kiya hai naa to uska address ya
mobile no bill par mention hoga call karke note replace kar
do
so no loss

Is This Answer Correct ?    1 Yes 1 No

Question { 13246 }

i am working in pvt company as accountant. but i have one
doubt in case of tds deduction. becouse we have paid
Rs.25000/- to Just Dail Group account as a Advertisement
Expences. I know Rules of Tds deduction Rule no: 194C any
payment to contract (advertisement contract) must want to
deduct tds (1.133%)if u paid advertisement expences more
than Rs.20000/- (one time). but my doubt is this. how much
our assessment value in this creditor. up to 20000 don't
want to pay tds. r we only assessed value Rs.5000 (25000-
20000), ie Rs.56.65 or whole amount (25000)ie Rs.283.25.
anybody can help me


Answer

whole amount 25000
tds deduct

Is This Answer Correct ?    0 Yes 2 No

Question { 12088 }

WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A
CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PASS THIS JOURNAL
ENTERY


Answer

satish ji ye batiye ki software kis head me loge aap liabilities mein ya expenses mein bcs u say its not a assets

satish ji
all computer software is a intengible assets ok i think all the readers clear his doubts

Is This Answer Correct ?    0 Yes 0 No

Question { ABC, 20205 }

how many salary + incentive aplicable for TDS ?
Ex. 10,000 is salary and incentive is 8,000 can deduct TDS?


Answer

tds is applicable on whole amounts
means,
10000+8000=18000
tds is applicable on rs.18000

Is This Answer Correct ?    38 Yes 19 No

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