Q1. Ashok purchase goods for rs.1lakh.As per terms, if ashok made full payment within 20 days, he will get a cash discount @2.5%. Ashok paid rs 50k within stipulated time. How much discount will he get?

name the category of account that is not balanced. what is the meaning of balanced in this case.

plz help me I am not able to understand AS-22 ,15and 11 if anyone has simple concept to explain them plz share

whether the lpan amount transferred to capital a/c or it is directly settled through cash bcoz in ts grehwals book it is said that this loan amount is nottransferred to capital a/c while in dk it is said that kt is transferred to capital a/c so what is the matter

Dear sir /ma'm I am super stockist of bikano chips pvt Ltd. Bikano company instruct me to pay salary of a company boy.. And against this company issued a credit note to me.... Pls suggest me what will be the accounting entry in double accounting system.

Dear Sir,
We are a private Limited company with a total capital of less than Rs 10 crores. Kindly advise us if we have to mandatorily appoint auditors for a period of 5 years.
I do not think we come under Section 139 (2) provision because we are not listed company, we are not having any bank borrowings or public borrowings .
Kindly confirm if my understanding of the provisions for appointment of auditors for 5 years is correct. Since we do not come under the provision I feel there is no requirement for appointment for 5 years in one AGM.
Thanks for your reply in advance.
Ranganathan.

Sir can different method of depreciation(SLM & WDV) can be followed at different unit of the same enterprise

Mr. X is a partner in a Firm getting salary of Rs.60,000/- and interest on capital Rs.48,000/- p.a as per partnership deed.
Mr.X has also a proprietorship business.He wants to treat the salary & interest as follows:-
1. He wants to credit the salary & Interest of Firm in the PL a/c of his proprietorship business.
2.He wants to add the Salary & Interest of Firm in the Capital Account of his proprietorship business instead of crediting it in PL A/c of his proprietorship business.

In the partnership firm he has already added his Salary & Interest to his capital Account.

Whether any of the above two treatment above 1 & 2 is correct or Wrong?
Please give your expert advice.

Regards

A car the w.d.v. of which was 105000 was exchanged at a value of Rs. 170000, for purchasing a new car of Rs. 650000, 480000 was paid through bank, what will be journal entry in tally??

Sir please tell me what type of expense is income tax and EMD