The subscribed share capital of s ltd. is rs. 80,00,000 of rs. 100 each. There were no calls in arrear till the final call was made. The final call made was paid on 77,500 shares. The calls in arrear amounted to rs. 62,500. The final call on share will be :
(a) Rs. 25
(b) Rs. 7.80
(c) Rs. 20
(d) Rs. 62.50
Please answer given with explain

Sir,

If we sales online mean to say that any one download audio or video book for own website for that we charge 499 INR in that case whether we charges services tax or vat.

Kindly guide me.

Goods worth 30 lakhs lost during transit to customer. Company recognises revenue on delviery to customer. 30 lakhs is currently a account receivable. FIR is pending to be filed and hence insurance claim is pending. What is the journal entry for loss and insurance claim?

Dear Sir

Please let me know that we should deposit the tds on reimbursement of Freight Charges

If we purchase and vendor charges transport charges in his invoice then we are liable to pay the tds on the same or not

Is accounting standards applicable to partnership/ sole proprietorship? Is it compulsory that they should follow it? If yes then what are the consequence of not following them?

Dear sir,

Please tell me what will be the journal entry, if i paid rent Rs 30000 P.M. in april month, as on 07/04/2014, then what will be journal entry of Rent paid & Tds Payable


Thanks in Advance

Dear All,
Kindly suggest me that I have deposited TDS as on 06.02.14 in 94J instead of 94A, now what can I do for rectification?

Thanks & Regards!!

Hello!!

I have come across a serious problem of recording a transaction in the books of accounts.

A tender was made in absence of increase of VAT for a sale to State Government Unit. In fact VAT %age has increased from 4% to 5% in WB. Now Govt has denied making the excess payment of VAT.

May I seek your proficiency / expertise on how to record without directly mentioning Loss in our books of accounts.
Looking forward to hear from you in an affirmative note.

With best and cordial regards

S. Chowdhury

I took a continue consultancy of rs 500000 for two years starting from f.y. 13-14. In f.y. 12-13 I was not in tax audit limit so I dont deduct tds on rs 300000 bill which consultant give to me. I paid 200000 rs to consultant for his 300000 rs bill and 100000 rs is outstanding. In f.y.13-14 I will be in tax audit limit so I have to deduct tds on bill which consultant will give me in f.y. 14-15. but will I have to deduct tds on rs 100000 outstanding amount on payment basis.

Is advance given to meet business expenses adjustible with salary payable if excess of such advance is left?