Answer Posted / kamal kumar

the penalty rate of late deposit tds challan is 13% per
annum interest on tds.

while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

2416

---

Differentiate between provision and reserve?

1144

---

Explain me where a cash discount should be recorded in journal entry?

3999

---

What is a comprehensive income?

1080

---

Explain have you ever prepared mis reports and what are these?

1028

---

What was your most complicated sales cycle in past positions?

1314

---

A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?

1909

---

One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?

2704

---

Accounting Questions

5870

---

we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?

2101

---

X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800

3587

---

when receieve cheque from a party and we deposite cheque in bank how do this entry

5195

---

sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.

1361

---

In South Africa, the value added tax is administered by?

1674

---

How to calculate Gratuity & when it's applicable to employee after three years or Five years?...

1857

---