How to treat interest payable/ receivable given in the b/s for 2 years. Do we show it under working capital changes or interest received separately ( actual cash) under investing activities?

Thanks to whosoever replies.

Dear Sir,s
Requested to help or resolve the query for taxes(Sales, TDS) as per below mention: -
Suppose there are two vendors A & B
A have restaurants (FOOD) business at different different palaces.
B have a mall and invites to A to open the restaurant in B’s Mall in Delhi
Suppose A raised a bill for the whole day sale on daily basis as per below : -
Total sales : - Rs. 1000.00
VAT on sales : - 120.00
Gross Sales : - 1120.00

But B charges 10% margin on above amount sales from the customers as per below : -
Total Sales : - Rs. 1000.00
Add Margin : - 100.00 (@10%)
Net sales : - 1100.00
Vat on sales : - 137.50 (@12.5%)
Gross sales : - 1237.50 for B.

In the above case is there any liability for TDS For A. (Because A sales food material on A’s brand name at B’s Palace and B charges 10% margin amount.

Please revert & mail on lv_kv@yahoo.co.in.

What dividend distribution rate shud i use for tomOrows accounts exam?? Pleeaaase helppp
Thankyu

Dear Sir/ Ma'am,

Can you please tell me the difference between a pledge & hypothecation.... with an example?


please help me out....

thanks in advance...

sir my company is an engineering company. we have amc incomes.
suppose we enter into an amc contract with our client for Rs 10,000 payable in two instalments (6 months) then how will the income be recorded?
plz reply ASAP

sir my company is an engineering company. we have amc incomes.
suppose we enter into an amc contract with our client for Rs 10,000 payable in two instalments (6 months) then how will the income be recorded?
plz reply ASAP

Dear sir/ Ma'am,
what does pattern dies mean????
is it similar to loose tools????



please reply to my query as soon as possible...
thanks in advance......

i know that banks report to the income tax if cash above rs 50,000 is deposited in a single transaction.

What is the amount above which banks report to the income tax if the transaction is made by cheque/account transfer.

The following is the question asked in 2001 in November attempt in IPCC. I can't understand the solution given by the institute. Instead I've done it by another method taught in the coaching. I'm getting a difference of Rs. 1,000 in the Profit. Please see my solution in the attachment and help me as to where my mistake is. The question is:

Welwash (Pvt.) Ltd. sells washing machines for outright cash as well as on hire-purchase basis. The cost of a washing machine to the company is Rs. 10,500. The company has fixed cash price of the machine at Rs. 12,300 and hire-purchase price, at Rs. 13,500 payable as to Rs. 1,500 down and the balance in 24 equal monthly installments of Rs. 500 each.
On 1st April, 2000 the company had 26 washing machines lying in its showroom. On that date 3 installments had fallen due, but not yet received and 675 installments were yet to fall due in respect of machines lying with the hire purchase customers.
During the year ended 31st March, 2001 the company sold 130 machines on cash basis and 80 machines on hire-purchase basis. After paying five monthly installments, one customer failed to pay subsequent installments and the company had to repossess the washing machine. After spending Rs. 1,000 on it, the company resold it for Rs. 11,500.
On 31st March, 2001 there were 21 washing machines in stock, 810 installments were yet to fall due and 5 installments had fallen due, but not yet received in respect of washing machines lying with the hire-purchase customers. Total selling expenses and office expenses including depreciation on fixed assets totaled Rs. 1,60,000 for the year.
You are required to prepare for the Accounting Year ended 31st March, 2001:
(i) Hire purchase Trading Account, and
(ii) Trading and Profit and Loss Account showing net profit earned by the company after making provision for income-tax @ 35%.

Dear All

I want to know the appropriate accounting head of following expenses:

1) Travelling and Lodging expenses of Company's guests beared by company.

2) We are having a regular expenses of tea in our factory which is being made inside our factory, but many a times when a office staff goes out on official work , they charge lunch expenses, so what should be the appropriate accounting head of both tea and lunch.

Thanking you