There are 4 partners in a firm sharing profit and losses equally for the F.Y. 2015-16, 1 of them died on 7th October what would be the accounting entry and treatment?? How will be the profit distributed??
A contractor receives service tax refund during the year, will it be treated as income and Taxable?? Bill raised by the contractor includes tds deducted, service tax and vat deducted, will service tax be also included in the turnover??
I want to know about the adjustment of excess of application money in the case of oversubscripttion. where is excess amount of application adjusted first- in allotment or in premium? Like, Rs.100 are in excess of application money. Amount required for allotment is Rs.250( including Rs.50 premium). Will it be right to say that premium is received?
need a list of specified reserves that could be utilised for particular purposes and sequence of their utilisation
Sir
How to prepare the purchase order in erp 9 Pls. explain the key form
With Regards
Basha
When would an insurance company recognize the premium received on insurance?Example- if premium is received in dec2015 for the year 2015 when will the insurance co. Recognise it?what will be the treatment of insurance premium payed in the books of person who payed it?
How to do Finalization of Accounts and what are the steps needs to be followed.
Please tell me the exact procedure of Accounts Finalization.
Thanks
Dear Sir/Madam,
A newly formed Partnership Firm has no business activity during the year,for FY 2015-16. Please let me know what is the due date to file IT Return?
forgotten to pass commission receiveable entry in books of account during closing of FY 2014-15 , commisson received in bank account too in the month of april 2015 and it return has also filed. Now while prepareing for IT return for FY 2015-16 it came to notice
how to deal with it in books of account??
pls reply it's urgent
Thanks in advance
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