Answer Posted / h.r. sreepada bhagi

If AMC Charge is paid in the middle of a Financial Year for
that year & next year, then calculate it prorata based on
No. of days from the AMC commencement date to the last date
for eh Financial year & for next year from the 1st day of
the financial year to the last day of AMC.

Eg. AMC paid Rs.28000/- for the period 25-10-20X0 to
24-10-20X1 - For the year ending March it's for 158 days -
Rs. 12121/- & for the next year it's 207 days - Rs. 15879/-

Rs. 15879/- shall be shown as Prepaid Expense in the year
end Balance Sheet.

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1466

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IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?

1701

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How can you explain the basic accounting equation?

659

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Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A

1818

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What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,

1463

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What are the disadvantages of manual accounting?

631

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what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item 2.whther errors of omission will affect the trial balance

1534

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What are the steps to take before you approve an invoice for payment?

696

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Which accounting application you prefer most and why?

682

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At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?

1930

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Accounting for vc money in financials

642

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When Tds is applicable to deduct and wht is rate for different work panel?

1482

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what is t code of all expences general legder?

1593

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i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u

5160

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What are the types of liabilities accounts?

617

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