If there is gross total income of Rs.130000 from commission from post office . And there is expenses of Rs 12000. Whether liable to maintain books of account.
as the same items are using in tractor and bikes car etc. gst rate for parts used in tractor has been reduced to 18 % while 28% if used in other than tractors. Now will hsn code remain same or it will be changed?
can any one guide me on Debtors risk analysis and also does any one have such a format regarding that?
What will be account head for:-
1. stamp paper for affidavit
2. charges of Notary Public for affidavit & attestation of documents
3. Earnest Money Deposit
3. Tender paper cost
An 70 furniture items was bought for 3000 rupees each whether it should be treated as Revenue expenses as each item is below 5000 Rs or should treat as asset as cumulative
What is the accounting treatment for non refundable advance received?
Suppose fire occured on 01/07/2014 and indemnity period is 2 months. while calculating GP on annual turnover, From which date to which date will be tha annual turnover ???
Please tell what the journal entry of the following transactions will be in the books of Ashoka Furniture Traders:
January 31: Sold furniture to Rakesh on the list price of Rs. 10,000 and allowed him 10% Trade Discount.
January 31: Old furniture valued at Rs. 500 was taken from Rakesh in Exchange.
Hi Experts,If a lessor has two commercial spaces rented to two different companies in different locations ,If the rent 1st one is under 10lac limit and the 2nd one also the same. My Q is two clubbed and calculate for Service tax or it should be treated individually.
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