Is notes of accounts r compulsory have to write in exam? how much weightage of marks to notes to accounts?

One doubt...suppose a ABC pvt ltd co also have their directors as a partners in a XYZ ENTERPRISES.. And abc co has has borrowed loan from bank... And the said loan is given to firm... Bank charges 18% interest ...and abc co charges 18% of interest to d firm.. does sec 2(22)e will be applicable to the firm?? and f if so how to tackle it?? can company repay the loan of director if any and futher director will introducted funds in firm wil b alternative or if there is no loan.. how to provide funds to firm .... firm cannot apply for loans due to firm has excess debt equity ratio... please tell me does sec 2(22)e will apply and if.. how to tackle it

which of these types of errors are not detected during bank reconciliation statement
A)cash embezzlement by cashier
B)cash deposited but not credited by bank
C)casting mistakes in bank column of cash book
D)interest or commission charged by bank but not accounted in cash book

answer given [a]
but according to points under importance of bank reconciliation statement:"frauds,if any,can be detected"
then,how is the answer correct?

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.