accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2011
please explain above problem, a company had purchased a business on 1-01-09.The company received its certificate of incorporation on 1-06-09.The average monthly sales for the period before incorporation was 25% more than the average monthly sales for the period after incorporation .The total sales during the year was Rs. 1325000. find out pre -incorporation and post-incorporation Sales.
18 July 2011
mention the year as there are two accounting years .........1-1-09 to 31-03-09 (08-09) and from 01-04-09 to year end.
19 July 2011
What was the constitution of the business prior to incorporation? How your company is concerned with it. Your company came into existence only on 1.06.2009 and only after that you can show profit in the hands of the company otherwise in the status of pre-incorporation.
Have you issued the cheque from the bank account of the company?
Have you issued the cheque from the bank account of the company?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 1: Details for showing Exempt Income
- TDS ON CASH WITHDRAWALS...
- LIC Annuity received under Jeevan Akshay Scheme
- Delisted shares sold in off market/ Rebate u/s87A
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
