sankeerthana


{ City } hyderabad
< Country > india
* Profession * accountant
User No # 34770
Total Questions Posted # 0
Total Answers Posted # 87

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

Users Marked my Answers as Correct # 559
Users Marked my Answers as Wrong # 294
Answers / { sankeerthana }

Question { 4424 }

what is cash book


Answer

My dear Pl visit my favourite and useful site for commerce
students
www.therealaccountants.com

Is This Answer Correct ?    3 Yes 5 No

Question { 3195 }

wht is INSTITUTIONAL INVESTMENT?


Answer

Institutional investment is that type of investment, which
is done by an organization, which is a financial services
provider.

Is This Answer Correct ?    2 Yes 1 No


Question { Focus, 8023 }

I purchased a Car & paid 10,000/- Rs. Cash & 50000/- Rs. By
Loan. What will be the Entry ??


Answer

We have to write multiple entry in this case my Dear friends
Car a/c Dr 60000/-
To Cash a/c 10000/-
To Loan a/c 50000/-
(Being car purchased by paying cash and loan taken for the
purpose)
Always we have to write in common accepted form but not as
Dr and cr
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Is This Answer Correct ?    14 Yes 1 No

Question { ABC, 52731 }

1. purchase of tally software is treated as assent or
indirect expenses , then underwhich group it comes on tally

2. outstanding expenses is under what group in tally


Answer

Mr Sripadhji you also posted a wrong answer and incomplete
answer. In your answer You treated Software as Asset and
the depreciation on it is also an asset. Depreciation will
under Expenses Indirect and Outstanding Expenditure under
Current Liabilities Group.
Sankeerthanaannavaram@yahoo.in

Is This Answer Correct ?    4 Yes 1 No

Question { 3823 }

how to enter annual maintenance service bill in account?


Answer

It is an expenditure.So the entry should be

Annual Maintenance charges A/c Dr
To Cash or Bank or Service provider

Is This Answer Correct ?    3 Yes 1 No

Question { 4059 }

How to calculate HRA Exempton ? Please explain with example.


Answer

To avail HRA exemption you must follow the rule as noted
1.Actual HRA Received
2.Excess Rent paid over 10% of salary
3.40% of salary
The least of the three will be allowed as exemption.
Note: to avail HRA exemption you must pay rent to the house
you are residing.You cant get exemption if you are residing
in your own house or residing in a house for which you need
not to pay any rent.More over if payment of rent is less
than 10% of salary you wont get any exemption.
To know more about Taxation and Practical accountancy pl
visit once my favourite regular visiting site
www.therealaccountants.com. this is the only website
dealing exclusively with taxation and accountancy

Is This Answer Correct ?    4 Yes 2 No

Question { 2963 }

pl. tel me what is the entry for this transaction
1)i deposited rs.10,000 t/w. dealer ship deposit
2)the goodwill amount 1 lakh brought by raju was
appoprtioned and paid to the existing parteners
eswar,mahesh,ravi as per their sharing ratios 38% , 24%, 38%


Answer

1.Dealesrship deposit a/c Dr 10,000/-
To Cash/Bank a/c 10,000/-
(Being deposit made for Dealesrship deposit)
2.Goodwill a/c Dr 1,00,000/-
To Eswar a/c 38,000/-
To Mahesh a/c 24,000/-
To Ravi a/c 38,000/-
(Being Goodwill apportioned among the existing partners)
I think you are interested in journal Entries. So pl visit
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and more about practical Journal entries. This is the only
site dealing in Practical Journal Entries
Sankeerthana

Is This Answer Correct ?    8 Yes 1 No

Question { 3495 }

Clasify Capital and capital Gains


Answer

Incomplete Answer

Is This Answer Correct ?    0 Yes 1 No

Question { 3827 }

What are the capital gains exempt from Tax?


Answer

I want the list of Exempted Capital Gains

Is This Answer Correct ?    2 Yes 0 No

Question { 15723 }

what is the Meaning W.D.V in balance sheet.


Answer

WDV means the Written Down value after deducting
depreciation part from the cost of a Fixed Asset.
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my favourite Website http://therealaccountants.com

Is This Answer Correct ?    24 Yes 2 No

Question { 99347 }

What is the journal entry for insurance premium payment of a
company


Answer

Whats new in it Just like other payment entries
Insurance a/c dr
To Cash/bank a/c
(being insurance premium paid)
To know more about accountancy and taxation Pl Visit my
favourite WebSite http://therealaccountants.com

Is This Answer Correct ?    173 Yes 23 No

Question { 99347 }

What is the journal entry for insurance premium payment of a
company


Answer

Whats new in it Just like other payment entries
Insurance a/c dr
To Cash/bank a/c
(being insurance premium paid)
To know more about accountancy and taxation Pl Visit my
favourite WebSite http://therealaccountants.com

Is This Answer Correct ?    39 Yes 9 No

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