A and B sharing 2/3rd. of profits of the firm and C and D are sharing in the ratio of 3:2. find the ratio of A:B:C:D.

Dear experts, our company is a manufacturer of commercial kitchen equipment. We use different products for one item and we purchase with VAT 5%. We also sales including 14.5% tax. As a manufacturer , do we have to pay for excise

if a minor child receiving fixed deposit income which is to be clubbed with her father's income,then how we will pass the journal entry in the books of her father ??

If we provide service to our clients and the total billing exceeds 10 Lacs then do we need to register and pay service tax?

Will service tax limit be calculated individually on each project or after registeration it is taxable on whole ( all projects)

Regarding rent payment we calculate the limit individually for each rent agreement for service tax payment and if it exceeds the limit of rs. 10 lacs we pay service tax

bank purchased building in Nov. 2014 -bank paid rs.60,000 to municipality for their name on PTR -bank destroy building & reconstruction is going on from basement level now the question is 1)what is the effect of charges paid to municipality? 2)is it necessary for bank to charge the depreciation on that charges as building on march 2015? what is account entry & the effect...explain

What is auto sweepin bank? In which group, this ledger should be opened, under Bank Account or current Assets or current liabilities?

Please help

Ind AS 101 provides two categories of exemptions i.e optional exemptions and mandatory exceptions. What does this mean? what is the difference when it comes to applicability.

Regards,

I am in a confusion whether One AS overrule another AS if both AS is applicable for the company?

The question is arise because of contradiction of Accounting treatment mentioned in the both AS referred above.

In a company advance is paid & deducted by employers at the time of payment during the month & deduct advance from the salary. I want to know under which head advance voucher should be created in Tally. (current Assets or Indirect Expenses)

I recently saw a problem in Tulsian's book. Where the debentures can be redeemed in cash or equity shares of Rs 10. Total 9% debentures = Rs 250000 The result is given as: Debentureholders ac 257500 Dr. To cash ac Rs 107500 To Equity share capital Rs 30000 To securities premium Rs 120000 My question is, how can it be redeemed against securities premium ac?