i am engaged in jewellery manufacturing on small scale. my primary buuisness is to make jewellery i take orders from retail jewellers for which they provide gold alongwith issue voucher in my name(e.g x gms of 22ct gold) after completing my work i return the furnished ornament to respective jeweller for which again they issue me receipt voucher mentioning the amt of gold returned alongwith my labour charges on thatmuch amt of gold deducting the tds @1%.
in all this transaction i don't issue any kind of vouchers to jeweller .
my query is that
1> is it necessary for me to issue any vouchers
2>do i need to collect any other chgs (e.g service tax) other then my labour chgs .
3> how to pass acc entries for this (including tds)
i ve not formed any company to do this work all income from this work are shown in my personal file . is it advisable to form company for this work.

What is the Meaning of "Trade Investment" as disclosed in the schedule VI? Which investments will fall within the definition of " Trade Investment" and why?

Any body can provide interest calculation sheet for bank cash credit a/c.

Hi,

This is Giribabu, I completed my PE-II recently. Anybody can help to prepare books of accounts for one small provisions shop.

Thanks,

Giribabu Ch

Dear Sir

The profit for 1998-99 are rs.2000; fo 1999-2000 is rs.26100 and for 2001-01 is rs.31200. closing stock for 1999-2000 and 2000-01 inclued the defective items of Rs.2200 and Rs.6200 respectilvely which were considered as having market value NIL. calclulate goodwill on avg. profit method.

Note Ans. given 17700 in course material

please ans how to calculate g/w

Regards

Girish

Hi friends


I m confused about IFRS in our syllabus. I mean i m going to give final attempt this november i.e. Nov 10 .Can questions be asked on IFRS if not when IFRS will be included in syllabus?????

Dear all,

i want to know that if any company have purchased any fixed assets costing Less than Rs.5000 whether this can be written off fully in same year or the prevailing depreciation rate will be applicable?

Thanks to all in advance.

What is Difference between Deposit & Investment?

Can any one clearly expline that what is the meaning of Deferred revenue Expenditure. Please explin me with some examples.

hi.....our company set up overdraft against fix deposite in bank ,bank transfered 85% of fd amount in overdraft account,what entry should be pass in tally?

If i pass dr to bank od
cr to bank loan...is it write entry please Help?

Thanks