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{ City } nurpur
< Country > india
* Profession * sr executive finance
User No # 42507
Total Questions Posted # 1
Total Answers Posted # 16

Total Answers Posted for My Questions # 3
Total Views for My Questions # 21183

Users Marked my Answers as Correct # 438
Users Marked my Answers as Wrong # 94
Questions / { dinesh }
Questions Answers Category Views Company eMail

T-FV-1029 Invalid Challan Input file.

ABi Associates, Rasim Exports,

3 Taxation 21183

Answers / { dinesh }

Question { 50192 }

What is TCS?
Are the rates of TDS and TCS same??


Tax collected at source. this is tax mainly levied
on "scrap sales" the present rate is 1% + surcharge & cess.

Is This Answer Correct ?    22 Yes 8 No

Question { ABC, 43770 }

What is minium bill of TDS Deduction


If Contractor give us 1st Bill - 10000/-
2nd Bill - 15000/-
3rd Bill - 7000/-


DEDUCT 2% on each bill - if it is contractor

Is This Answer Correct ?    5 Yes 8 No

Question { 13822 }

What do you mean by the term Accounts Payables/ Receivables?


Accounts Payables = you purchased from them on credit.
Accounts receivable= you sold them on credit

Is This Answer Correct ?    11 Yes 1 No

Question { LIC, 72650 }

What is the full form and the application of SAP?


Systems Applications and Products for data processing

this is ERP system & application in almost every area, viz
production, Finance, Dispatch, quality, HR, store etc.

Finance FI, FICO (Controlling)
Quality = QA module
Material = MM Module

Is This Answer Correct ?    100 Yes 19 No

Question { FactSet Systems, 9715 }

whah is price earning formula?


Market Price per share / Earning per share.

EPS = Net profit to equity shareholder / no. of euquity

Is This Answer Correct ?    13 Yes 1 No

Question { 10361 }

what is the meaning of Cost center?


cost centre may be an item of equipment, a person, a deptt
etc from where cost is recovered.
this is basically recording a cost / expense in appropriate
place / group / centre.

Is This Answer Correct ?    7 Yes 5 No

Question { TATA, 70617 }

whether VAT is an asset or liabilities?


If VAT is receivable (ie on purchase bill) it is asset.
if Vat is payable (ie on sales bill) it is liability

Is This Answer Correct ?    83 Yes 16 No

Question { Genpact, 9565 }

In Balance Sheet Why we entered Liabilites & Incomes under
Liabilites side , Assets & Expenditures under Assets
side.In general think incomes are asssets,expenditures are


Please read separate legal entity concept.

Is This Answer Correct ?    0 Yes 1 No

Question { 4705 }

How many types of inventories are there for a company ?


Raw Material
Packing Material
Finished Goods

Is This Answer Correct ?    4 Yes 2 No

Question { 3994 }



Always Better Control

ABC classification for control purpose only
You keep your inventory/stock in 3 categories

A = High Value Low Quantity (Strict Control)
B = Middle Value Middle Quantity (Middle Control)
C = Low Value High Quantity (Low Control)

Is This Answer Correct ?    7 Yes 0 No

Question { 11302 }

What is the Meaning of E.& O.E ?


Errors & Ommissions Expected.

Is This Answer Correct ?    42 Yes 18 No

Question { 3609 }



IRR = internal rate of return = arrive at a rate where
present value of inflow will equal to present value of

NPV = Net present value = present value of cash inflow -
present value of cash outflow

Is This Answer Correct ?    8 Yes 0 No

Question { 7295 }

we are deducting tds for our clients under section 194C
section. exemption under this section is Rs.20000
suppose if a client bills more than Rs.20000, then i have
to deduct tds only for above Rs.20000/- bills or from the
first bill onwards.please clear me with as example


exemption means, if client bill will be less tnan Rs 20000
for a year then pls do not deduct tds. if it is more than
Rs 20000 then deduct TDS on full value. (there as such no
exemption on TDS, this limit Rs 20000 is only for whether
to deduct TDS or not)

TDS has to be deducted on full value ie do not reduce Rs
20000 from bill. if bill is Rs 25000 deduct TDS on 25000 ie
2% on 25000 & not 2% on 5000 (25000-20000)

Is This Answer Correct ?    18 Yes 3 No

Question { 19664 }

basic knowledge of accounting ?


Accounting is an
Art of recording
Art of Classifying
Art of Summarising
the Monetary Transaction & finally interpreting the results

Is This Answer Correct ?    112 Yes 10 No

Question { 7838 }

How to create report of t code f-02 in SAP FI?


i hv not understood fully ur question on f-02.

if you want to see doc number created by f-02 you pls run
fb03 click on document list fill the necessary tabs &

if you want to add f-02 t code in your favourite, then go
to favourate at menu bar click on insert transaction, put T
code f-02 click ok.

Is This Answer Correct ?    3 Yes 1 No

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