trade discount received is:
A)recorded in the discount column of the debit side of three column cash book
B)recorded in the discount column of the
credit side of single column cash book
C)recorded in the discount column of the credit side of three column cash book
D)none of the above

according to me answer is [C] but answer given is [D]

can anyone clarify please!

what is vat rate and service tax rate on newly constructed flat?

if we made sales 100 but actually the client has received 99 quantity we have to book under direct expenses under loss . whether we have to use debit note or not in tally????

Dear Sir / Mam

Pls adv, under which head of accounts the money paid to staff during Diwali, should be debited to.

Also, pls adv the difference between Ex-gratia and Bonus.

Thnx
Gurvinder Singh

Dear Sir,

what is deferred tax with example


Thanking You

With Regards

M Syed Abuthahir

A company paid to a landlord a sum of money for example 10 lakh to purchase his land. After few years dispute arise and repaid the advance with interest and compensation for example 15 lakhs. how it should be accounted it in compliance with Revised Schedule?

If a society is carrying on charitable activities of education institutions and is approved u/c 10(23C) and the following defects are found in the return after the scrutiny u/s 142 started:

1) On some expenses TDS was not deducted
2) Payments were made which were ineligible as deduction due to 40(A)(3) dis allowance.

Since, the entire income is exempt under section 10(23C), will any tax be leviable on these amounts or not?

Please reply. Its very urgent.

what should be approach while solving accounts paper in CA final. What should be order in which we should attempt the questions.

Dear friends,
want to know, whether provision for tax and deferred tax liabilities both are same or not.

in my case provision for income tax is lower than the income tax liabilities. can i use limit of deferred tax liabilities in this respect.


Please answered ASAP

dear Sir
I have a doubt about TDS receivable for Service bill. Our company has send an invoice to customer. The customer has deduct TDS amount and balance amount will be send to us. What is the TDS rate for this transaction and what is the Head of Account in Tally of TDS Receivable. The invoice amount is Rs.25000

Customer A Dr. 25000
To Sales 25000

At the time of Receiving the payment

Bank Dr
To Customer A
To TDS Receivables

The above entries are right or wrong. Please advise me .

Thanks