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.

What is the need for Interest on Capital in a Sole Proprietorship? I understand that as per Business Entity Concept, Owner is separate from Business, and hence he requires interest on the amount invested by him in the Business. However, really, he is the one carrying on the business. So, in a way he is charging interest on his own money. Please explain!

Sir, one person running a proprietorship business.He maintained one current account in the proprietorship business name and savings account. He received income from business in both the account. At the time of preparing balance sheet of that business whether I include the savings account balance in bank account or not.

Dear sir,

We have purchse some service from 2diffrent vendor..one has given comission nd charge tds..second has given discount but did nt charge tds...so can you pls explain what is difference between both invoice for accounting??

WHEN I PAID A SALARY OF RS. 15000/-(Rs.10710/- By Chq. & Rs.4300/- in cash) TO EMPLOYEE BUT BOOK IN salary sheet Rs. 12000/-(PF-1080/-, Esi- 210/-) Incluiding PF & ESI Amount. tell me cash salary which head i book in our books.

Gst rate on ready to eat food products?

Which expenses are to be taken in partnership firm or which not ???

whom to use receipts & payments account ...


whom to use income & expenditure accounts



whom to use profit and loss accounts......please tell me ....