Accounts QnA - Page No 762

All Resolved Open

Udayabhanu

18 October 2013 at 12:15

Please guide

We purchased a table for Rs. 4000. Please suggest can I book it as fixed asset. One of my collegue told that since it is less than Rs.5000 it cann't be asset.

Anonymous

18 October 2013 at 10:11

Construction cost

How to calculate exact construction cost of a house.
Is there any standard format or softwares available.
Please suggest any suitable way you think is good.

Prem

18 October 2013 at 10:07

Availing loan from banks

Is it mandatory to have tax paid or a person having nil returns can also avail loan from banks... How much loan a person having Rs. 300000 gross income can be availed?

Anonymous

17 October 2013 at 23:46

Mat paid but not made any entries in the books

If Public co. had paid Income tax in MAT of Rs.24 Lakh (FY 12-13), whereas neither made provision for tax in FY 12-13 nor any shown any entry relating to MAT or payment of tax.

Assume that tax as per Income tax is zero because of losses in FY 12-13.

Kindly suggest us what are the entries to be pass in book in FY 13-14 relating to above.

Anonymous

17 October 2013 at 16:34

Confirmation letters format

Dear Sir,
Please draft the debtors,cash & Stocks confirmation letters format.

Thanks

Regards

P.Rajasekhar

arunsrivastava

17 October 2013 at 10:53

A/cs under sole propritership firm

Whats the a/cs are prepaired under sole propritership firm is as below or more
1 trading,profit&loss a/c ,
2 balancesheet
3 propriters capital a/c

and one more ques.
can propriter paid firm exp. from his persnl credit card ???

Dharmendra jatiya

17 October 2013 at 10:51

Cpt

what is "substance over form"

Sushant Mahajan

17 October 2013 at 10:15

Applicability of s. tax on h.p. interest for individual

If assessee is an individual and engaged in the business of financing purchase of goods on Hire Purchase, will Service Tax provisions apply on interest received in this?

Please reply.