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What is the journal entry for tds collected on a cheque of Rs
50000 paid to a consultant?
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Answer Posted / vishalgoel88@yahoo.com
Consultancy fees a/c dr. ... 50000
To Bank a/c ... 45000
To TDS payable a/c... 5000
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Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.
Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy
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