The electricity company has charged higher amount for electricity for number of years. The high court has given decision in favour of company i.e. customer to give back the excess money collected in some installment within some years. So, electricity co. required to give refund for number of years. Then how to recognise this revenue. Company should recognise whole amount in single year or over a number of year.

Hi,
Please tell me about the professional tax.
How to pay professional tax after year ending .Please give me some detail information about
professional tax. I'm waiting for the reply.
Thank You.

Marginal Costing

A-One Co. Produced 400000 components Of A Machinery Annually At 80% Of Full Capacity . Selling Price 33. Budgeted Annual Production Cost & Expenses For The Year.
Raw Material Csot Per Unit : 4.25
Direct Labour ……………………: 5.75
Variable Factory Over Head : 7.75
Variable Selling Cost: 5% Of Selling Price
Fixed Factory & Adm. Overhead: 3950000.

During The Year A-One Co. Received A One Time Order To Sell 25000 Components For Which No Selling Expenses Will Be Incurred . What Should Be The Minimum Price Quoted By A-One Co. If It Wants To Earn Minimum Of Re .1 Per Component On This Order.

I M WORKING IN A PSU.RIGHT NOW THERE IS A BILL TO BE PROPOSED REGARDING GRATUITY PAYMENT HIKE UPTO 10LAKHS.SO HOW WE HAVE TO PROVIDE IN BOOKS OF ACCOUNTS WITHOUT EFFECTING PROFIT FIGURE..LIABILTY WILL BE AROUND 100 CRORES TO BE PROVIDED IN THE BOOKS OF ACCOUNTS..PLS SUGGEST ME THE TREATMENT.

What is the financial asset?
Please explain it by giving the examples of financial assets.

Thanks & Regards
FAZLE

what is brs

What is the treatment of Insurance Premium on Vehicle?
Whether it will be treated as post paid expenses or pre-paid expenses?
Can this expenses booked in current financial year with full value treated as expenses?

in the partnership firm ,which a/c will dr. & cr.against drawing. and when drawing amount return in co. then what will be entry

P V RATIO : 40%

MARGIN OF SAFTY : 40%

SALES VALUE : 1.5 CRORE

FIND

1)BEP
2)FIXED COST
3)PROFIT

hi Expert,
I am working in an MNC company we provide services for buying & selling of machinery means if a company is looking for a machinery and if we find it for them then we charge them consultancy fees now my consultant says you should raise an bill for the same & my CA says you should raise an Invoice. We charge service tax on our Invoices. We normally take our payment in advance. What is the basic difference between a bill and an Invoice.
Please guide ....
Awaiting your valuable reply
best regards
Sim