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Chandan Arora
30 September 2016 at 15:29

Generator exp

can generator rent,office rent come under rent A/c in software??or I will have to make different accounts??


Soumendra Jaiswal
30 September 2016 at 12:20

Cash sales

if we made a cash sale and later party paid it by cheque then how we can make a entry for that as if we credit party then it will show credit balance of party....


praveen
29 September 2016 at 23:19

Accounting entry

hi sir one of the director has taken the funds from business more than his capital and quit the company Ex: His share capital 500000 but he has taken from the company is 2000000 so please tell me how to adjust the entry URGENTLY.....


REENA

Please let me know Tools & Spare parts are fixed assets or Indirect expenses? Please help me.


Chandan Arora
29 September 2016 at 10:36

Which entries are correct

Kindly tell me which of the following method of passing journal entry is correct and also tell the reason. 1st method) at the time of due Dr Commission on sales A/c 1000 Cr. A's Commission A/c. 950 Cr. Tds A/c. 50 at the time of payment Dr. A's commission a/c. 950 Dr. Tds a/c. 50 Cr. Bank A/c. 1000 2nd Method at the time of due Dr commission a/c. 1000 cr. A's commission a/c. 1000 at payment time Dr A's commission a/c. 1000 cr cash. A/c. 950 cr. Tds A/c. 50


Rahul Tiwari
29 September 2016 at 09:45

Form c

Dear sir, good morning!!. sir what is form c and how can one obtain it. pls advise . thank you.


Partha Pratim Sahoo

annual requirement = 17,200 kgs. Ordering quantities = 1,000 kgs. While calculating total cost what should I take as number of orders in a year? 17,200/1000 = 17.2 or 18? Some problems in study material take the numbers as what computed exactly whereas some take after rounding it off. (e.g 17.2 as 18, 9.2 and 10 etc.) I know that an order cannot be placed in fraction but some solutions in study material take it in fraction while some rounded it off to the next integer. An uniformity in solutions should be maintained. What should I follow? Please help. I am confused.



Anonymous

Dear Sir,

What are the differences between cash-basis and accrual-basis accounting with example?


madhuri koya
28 September 2016 at 12:29

Financial management

It Has Dedided to Raise Rs.5,00,000/- of additional capital funds and has identified two plans . The Information is as follows . Present capital structure : 3,00,000 equity share of Rs.10 each , 10 % bonds of 20,00,000/-

Tax Rate : 50%
Current EBIT : Rs.17,00,000/-
Current EPS : Rs.2.50
Current Market Price : Rs.25 Per share
Financial Plan 1 : 20,000 Equity shares @ Rs 25 per share
Financial Plan 2 : 12% Debentures of Rs.5,00,000/-
Find out which plan is better.

Dear Friends i want solution for the above problem . kindly give your suggestion


Atul M
28 September 2016 at 10:50

Refund of Tax

Dear Experts, I would be grateful if you suggest me that following entry is correct or not. Bank A/c 3,24,000 To Profit and Loss A/c - 3,12,000 To other Income 12,000 Company has paid advance Tax for 2015 and there was Tds amounts deducted by customers . Company is in loss in the year 2015 , so apply for refund . We received 3,24000/- as a refund in the year 2016. Provision is not made for income Tax on the year 2015. So my question is that above given is entry is right or wrong? A early reply would be greatly appreciated.






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