Dear all
Can anyone please tell me answer of the following questions_
X of Delhi send out goods costing Rs 100000 to y Kolkata. 3/5th of the goods were sold by consignee (y) for Rs 70000. Commission 2 % on sales plus 20% of gross sales less all commission exceeds cost price. So the amount of commission?

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Sir, kindly provide a solution for the following problem- H Ltd acquired 15000 shares of A Ltd on 31.05.2010, as on 01.4.2010 securities premium of A Ltd was 10,00,000. Profit for the year 2011 was 4500. My querry is- 1. Whether securities premium will be included in pre acq profit. 2. If i include such figure in pre acq profit, capital reserve is created of huge amount which ultimately reduces my investment value n makes it negative, but my net worth is positive so my investment should also be positive.

A Car dealer purchased a vehicle worth Rs.50000/- which is inclusive of Service charges Rs.1230/- and Service Tax Rs.185/- and he issued C Form for the whole amount Rs.501415/-

How to pass entry for this transaction to take service tax input?

plz tell me difference between invoice & voucher

Hi
We buy some material from outside country.actually material arrived on the port and invoice recived. But due to some documentation query shipment not yet clear and invoice now due for payment.how we inter invoice in SAP without GRN and closing po.

suppose Owner of the company paid RS. 13 lac in cash from his pocket against the credit balance of the bank account and close the account.what entry will be passed for rs. 13 lac

Insurance premium of the managing director's Life insurance policy paid through business bank accounts.what journal entry will be passed

Sir lets assume Sachin tendulkar recieved an income of 1 crore in the USA . Assume that he has paid the required taxes to the US govt and he finally remits the balance amount to Mumbai . Since he is a resident and ordinarily resident in india , will he be liable to pay IT on the balance that was transferred to mumbai ??

Manager was given Rs. 20000/- in cash by our company.He incurred expenses Rs. 21500.Rs. 1500 will be reimbursed to the manager the breakup for 21500/- is as follows. Draw expenses = Rs. 18000/- Fuel expenses =. Rs. 2500 Food =. Rs. 1000 He lost the bill for Rs. 1000 which was incurred for food.Rs. 1500 is to be reimbursed to him How to make journal entries for these transactions.Kindly help