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Answer Posted / dj
yes, it is BANKING CASH TRANSACTION TAX. whenever customer
withdraws more than or equival to one lakh in cash then,
tax would be levied @0.1% i.e 100/- per lakh as per present
rate.
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We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
what is purchase consideration? How does it come about and how is it treated in the books?
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
EXPAND___________NBW
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
Questions asked for the post of Manager (Finance) in a Public Sector company Subject of group discussions for the post of Manager (Finance) in a Public Sector company
Explain why retained earnings have an opportunity cost associated?
which kind of expenses or Income will come under direct expenses or Income ?
what is a Depository Participant?
How the sub ledgers(AP, AR) integrate with GL liability and receivable
what is joint venture?
what is the difference between f.f.s and c.f.s?
give me only one transactions in both side (debit&credit) should be in real accounts
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000
