plz tell me
Agar koi co. ka exp. generate ho or uski payment cash se ki
jaye to hume wo exp. book krne ke liye payment ki receipt leni
jaruri hai bina receipt ke entry krna sahi h ya galat..??
- 4 Answers
- 9820 Views
- XL Dynamics, I also Faced
- E-Mail Answers
Answer Posted / anchal
if we book any exp. without receipt , it could be disallowed at the time of audit
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
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?
what is the accounting treatment in tally of free goods received with goods purchased.
What is the disadvantage of double entry system?
what is your opinion regarding T.V shows on youth
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?
what is the diffrence between cash flow & cash fund?
ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher
What is meaning of invoice?
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).
which subsidiary book is source of these:debit note,credit slip,
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
What is the limitaion of the Trial Balance?!
