DEAR SIR
I RECEIVED FROM ONE CUSTOMER ONE P.C AS FALLOWS.


TOTAL CONTRACT VALUE 7,000,000/-

WORK DONE 517,285/-
MATERIAL ON SITE 890,000/-
TOTAL VALUATION (517,285+890,000) 1,407,285/-

WORK DONE RETAINED (10%) 51,728.5/-
MATERIAL (25%) 222,500/-
ADV PAY DEDUCT 351,821.25

NET PAYMENT 781,235.25

PLEASE GIVE ME THE JOURNAL ENTRY AND HOW TO POST THIS ENTRY IN QUICKBOOKS SOFTWARE AND WHY THEY ARE TAKEN MAT. ON SITE FOR VALUATION(ACCRUAL BASIS)
PLEASE HELP ME

Dear Sir/Madam

M,N and O are partners sharing profit and losses in the ratio of 3:2:1. P joins the firm and gets 2/10th of share in the ratio of 1:1 from M and N calculate new ratio

ANS: 12:7:5:6

Please tell how to calculate?

Hi All

Can A partnership firm paid income tax show in profit & loss account as per indirect expnses ?



Help me urgent ?

Dear Sir

Kindly advise me about the leave!!!!!!

I want to know about what is limite of leave in a month, which is approved by the company.

it would be deducted or paid by the corporation to employees.

give me a summary about the employees(leave) policy in the pvt or ltd. companies.


regards
lavesh




reards
lavesh

Please advice in which account (ie.name of account head) the expenditure incurred by the company towards games and recreation of employees will be accounted? Also pls advice whether it will be allowed as deduction by IT dept?

Sir,
Can anybody tell me that in a private company what amount of net profit is to be transferred to General reserve every year if the Company is not declaring dividend during that year?
This question is asked because we want to issue bonus shares in this company.

Thanks & Regards,
ACS Preeti

i have not taken classes for Accounts. I have bought MPV books for AS. I was reading the applicability of As and really got confused regarding classification of SMC & NON SMC,& SME.

whether SME includes proprietorship, firms, HUF, Aop etc.

Also I inferred from reading that SMC & LEVEL-II & LEVEL III entities are the same then why it is referred as SME.


can anyone explain it in simple way.


MY id abhipcc@rediffmail.com

Good evening to all ca club members
sir please help me for making the 6 month cash budget for a new co. (future cash required)
suppose investment of rs 4 lakh, received from Debtors in 45 days sale of our co. 60,000 per month, and purchase 40,000 and paid to creditor in 60 days. the monthly cash expenses of co. 80,000.
sir please help me as soon as possible.
thanks

We have paid professional fees Rs. 6500/- related prior period expenditure.
Please let me know how to book prior period? & TDS will applicable?

WHAT SHOULD BE JOBWORK PAYBLE JOURNAL ENTRIES