Answer Posted / akash
Index for the year of sale/ Index in the year of
acquisition) x cost.
For example, if a property purchased in 1991-92 for Rs 20
lakh were to be sold in A.Y. 2009 -10 for Rs 80 lakh,
indexed cost = (582/199) x 20 = Rs 58.49 lakh. And the
long-term capital gains would be Rs 21.51, that is Rs 80
lakh minus Rs 58.49 lakh.
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In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
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Wipro Limited suppose we received goods from H.O.The sisterconcern
received it.wat will be the entries if tge S.C.sells it
from here.
