Good evening everyone

I would like to ask that whether we will take the current assets and current liabilities for checking the solvency status of the company or will take the total assets and total liabilities and equity for checking the insolvency status.


Thanks in advance

If a cement manufacturing company gives gold to its dealers depending upon quarterly turnover made by dealers.Here my question in above situation is how should we effect above entries in dealers books and what are tax provisions applicable

a and b entered into a joint venture for purchase and sale of typewriters.a purchased old typewriter costing ? 100000. repairing expenses ? 10000, ink expenses ?10000. B sold it at 20% margin on selling price. the sales value will be

Dear Sir

I have working in PVC pipe manufaturing Co. its a Exciseble unit the company return file by meter & 1 item not fix meter
example
50 mm pipe sale 3 meter (some time)
50 mm pipe sale 6 meter (some time)

50 mm pipe fix manuf. in 6 meter lenght but customer require we sales out 6 meter pipe in 3 meter so how to set alternet unit item partly 6 meter & 3 meter

Invoice -1
Item meter tolal meter Qty Rate
50mm pipe 6 30 5 2

Invoice -2
Item meter tolal meter Qty Rate 50mm pipe 3 15 5 2
(Some time)
so how to set this unit alternet unit item partly 6 meter & 3 meter
please solve the problem sir urgently

Nadeem
09770760770, nadeem.indore786@gmail.com

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A charitable trust 12a, is planning to collect donations for the welfare of deceased NRI's families in India, whether the trust can accept NRI cheques towards this fund, provided the trust doesn't have FCRA. Can anybody clear my doubt.

Contract completed is 3/4,work certified is 1/2 of contract price. Cost of 3/4 work is Rs. 3,00,000. Calculate cost of work uncertified.



URGENT

We have purchased Philips Led 10 Nos. for using in false ceiling and 1 cost around Rs.4200/- and total Rs.42000/- My question is I have to capitalize it or show as expense. If expense on which head. Thanks

I am a salaried person working in govt school. I filed my income tax return before due date 31st aug 2015 for AY 2015-16. But i claimed higher tax credit than actual since on the date of filing my return, my 26 AS was showing the more tax credit. Therefore i filed my return according to form 26 AS. But when i checked 26 AS in the next month after filing, it was showing the less tax credit. I was about to file the revise return but mean while i got excess refund in my bank account based on my original return. Now the income tax portal is also showing the tax credit mismatch. Please suggest me the next course of action and means of returning the excess refund. Also tell me the rate of interest which can be applied on excess refund received. Regards

i have just attempted for November 2015 exam..on group 1 accounts exam ..i have left full 2 blank pages ...being in hurry i overlooked that fact...i have attempted more than 30 marks after that 2 blank p ages..i am really scared,i should have written PTO..but i didnt..i cant concentrate on anything...please tell me what can i do about it..?

what is valuation of closing stock ?