Total Answers Posted # 122
Total Answers Posted for My Questions # 3
Total Views for My Questions # 15988
Users Marked my Answers as Correct # 1719
Users Marked my Answers as Wrong # 1186
what is ur weakness?
Answer
certain things should happen in certain way if it did not
happen like that then i will feel little weak immediately
i will stat thinking why it happened so analyse and present
it in a better way thus i can convert my weakness in to a
strong and confident strength.
| Is This Answer Correct ? | 24 Yes | 6 No |
Explain .
1. Retail Invoice.
2. Tax Invoice.
3. Commercial Invoice.
4. E1 Invoice.
Answer
are purchased in retail form from the stores which includes
discription, quantity, rate, discount every thing will be
mentioned including of tax.
Tax invoice is the invoice in which all the tax detailes are
mentioned clearly.
commercial invoice is the general invoice which is prepared
by all the companies.
E-1 invoice is the invoice which is used by the parties from
different states used during transportation to avoid
multiple taxation.
| Is This Answer Correct ? | 14 Yes | 5 No |
Question { 4042 }
What is Cost of Acquisition?
Answer
acquisition means purchase in a simple meaning it is the
cost incurred for purchasing of asset could be treated as
cost of acquisition
| Is This Answer Correct ? | 2 Yes | 0 No |
Question { 9435 }
What do you mean by Accountancy and Accounts?
Answer
conventions rules and regulations and specified formulaes
which makes accounts simple
accounts means recording of all the transactions and
maintaining all the books which were related to accounts
| Is This Answer Correct ? | 6 Yes | 4 No |
Question { 5904 }
How is going concern assumption and accounting period
convention related?
Answer
close with in a short span of time.
Accounting concept means all the concepts of accountancy has
it's own significance
1. business entity concept - business and owner are seperate
2. money measurment concept- which deals with money
| Is This Answer Correct ? | 0 Yes | 1 No |
Question { 5348 }
when we buy an assets a vat has been charged, under which
head we show this entry according Haryana sales tax act?
Answer
we need to pay the tax for asset purchased.
if it is paid it will be shown under the head expense.
if it is payable it will be shown under the head liability.
| Is This Answer Correct ? | 0 Yes | 1 No |
what is the process of paid unpaid in service tax
Answer
providers for rendering their services
paid service tax is an expense
formulae - total receipts *rate of tax / 100+rate of tax
journal entry- service tax a/c dr
to bank
un paid service tax is an liability
service tax payable a/c dr
to cash or bank
| Is This Answer Correct ? | 4 Yes | 2 No |
A company closing its acconts in december..its paying
10000/-as rent......in the month of august it paid 4 months
rent as advance...how will u account this
Answer
so we can treat this is rent paid in advance. so the journal
entry recorded at the time of advance paid for 4 months is
Advance rent a/c dr 10000
to cash /bank 10000
in the month of december entry will become as
rent a/c dr 10000
to cash/bank 10000
| Is This Answer Correct ? | 3 Yes | 4 No |
Question { Capital IQ, 14898 }
difference between Reserve capital and capital reserve
Answer
capital - amount invested by the sole trader in the business
capital reserve - some part of the amount is kept as a reserve from capital for meeting of future loss
| Is This Answer Correct ? | 2 Yes | 6 No |
Question { 3991 }
what is the differance between bank od and bank occ?
Answer
sanctioned by the banker to the company
bank occ stands for office of the controller of currency
it regulatesand supervises national bank including domestic
banks or foreign banks
| Is This Answer Correct ? | 4 Yes | 1 No |
Question { 3090 }
what is percentage of work contract
I have construction a house I paid my Manson Rs.3 Lakhs for
labour charges what percentage I have deduct in Manson
account and I have give cement. sand and Iron the Manson
was supplied only labour like female and male labours.
What is the answer and percentage of TDS.
Answer
paying payment to thelabor by the contractor to the labour
by deducting the tds at aplace where they worked.
300000*2%=6000 tds is deducted and 294000 is paid to
labourers
"ifany changes let me know"
| Is This Answer Correct ? | 2 Yes | 2 No |
Question { 3584 }
why gross profit transfering to profit & loss account
Answer
gross profit is derived while preparing trading a/c as it appear in trading a/c debit side.
As it is a profit that's why it's treated as income in p&l
a/c and the expenses are deducted if the differences appear in debit side of p&l a/c it is net profit. if it appears on credit side it is net loss
| Is This Answer Correct ? | 3 Yes | 2 No |
Question { 8753 }
how many companies are thr in BSE and NSE? how many companies
are common in both BSE and NSE?
Answer
nse-50 companies
commonly -dont know exactly
pls inform me if any body psted answer for this question
| Is This Answer Correct ? | 15 Yes | 6 No |
what is the difference between journal voucher and contra
Answer
while they make a payment they record in payment eg-contractor bill
contra appears two times in two sides of a account an account will be treated as contra when
1, cash deposited in bank
2, cash with drawn from bank for office use
3, cheques deposited in bank
4, cheques withdrawn for office use
5, transfers from one account to another account
| Is This Answer Correct ? | 55 Yes | 4 No |
