Answer Posted / r devarajan

irrespective of salary, if the salary is splited into
various components, and if a factory strength exceeds 20
persons in the calender year, PF has to be deducted for the
person. the salary components is Basic and DA. Normally
60% of the basic will be taken for deducting PF

x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?

2160

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Account for letter of credit in the books?

1107

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Hey can any body tell me..What are negative assets?

2068

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Explain a time when you have not met your goal?

1092

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what is the responsiblities for accounts manager?

1978

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What is fiduciary accounting?

1061

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What is aggregate Liabilities ?

2319

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I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

1945

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Explain fictitious assets?

1024

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Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?

2221

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Explain have you ever heard about tds, what it is?

1091

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What is use of subject history in banking?

2646

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My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.

1860

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Why current assets Liability said & current Liability Assets said...?at tally ERP9

1806

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Accounting Questions

5801

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