A co. purchased a cheque from a bank. What entry it should pass in its books on purchase of cheque as well as on the payment of it to the bank????
what tax will be applicable.
one of my friend is carrying on an business of car mechanic. what are the taxes applicable to him , he had made an turnover above 20lacs inclusive of parts purchased from outside for the cars for repairing purpose.but there is no sales of parts done by him. what he receive is only lab our charges as income.
IFRS Training in Delhi
Hello friends, I have got an sms that the Academy of Commerce (AOC) has launched an IFRS Training Programme. They say they have a standardised module, experienced team of faculties and prominent names in the advisory board. Fees - 18,000. Should i go for it ?
miscellaneous expenses
sir,
1) miscellaneous expenses means?
AND
2) why it is shown as asset side in balance sheet?
Accounting Entry
What is the accounting entry for the purchase of USB Modem (Data Card)of RS.2400.00
prior period item
how to show prior period expense in balancesheet as per schedule VI format or just note to be added in notes to accounts ?
Cost Center & Profit Center
Dear Friends,
could anybody explain me about the technical/accounting/end-to-end relationship of "Cost center & Profit center"
Would appreciate,if answered,with a better practical example in BPO Accounting set-up and help me in visualising the P&L and B/S ?
thanks in adv.
CAPITALISATION
SHOULD INSURANCE COST BE CAPITALISED WITH THE COST OF VEHICLE.
IF YES, THEN WHY NOT SECOND INSURANCE COST IS CAPITALISED.
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entry of cheque purchase