Dear Sir/ Mam,
I have export sale invoice of INR. 600,000, in which there is sales of material of INR. 400,000 and the freight charges of INR 200,000..
sales is on credit basis...
What accounting entry should i pass ???
please do the needful in this problem??
Thank You...
can goodwill be calculated without the years of purchase???
Answer nowcan goodwill be calculated without the years of purchase
Answer nowMy query is, We have two partners in a company x and y. We have created two a/c x and y under capital a/c. Some times x & y receive cash from cash counter and they expense it for company purpose. will it be right if we Dr. X or Y a/c ? My colleague say X or Y a/c will be Dr. but according to accounting rules we never Dr. capital a/c. and in this case his capital will be in negative. I m trying to understand him that we should create imprest a/c with x or y name. Dear Sir, Humbly request clarify this issue
DEAR ALL,
I WANT TO KNOW THE DEPRECIATION RATE AS PER COMPANIES ACT 2013 ON THE FOLLOWING ASSETS
1) FURNITURE & FIXTURE
2) PROJECTOR
3) AIR CONDITIONER
4) COMPUTER
5) MOTOR CAR
6) AQUAGUARD
THANK YOU FOR YOUR PARTICIPATION !!
if a company is having car as assets and if one car gets insurance claim for repairs from insurance company what are the journal entries for adjusting that insurance claim amount met by insurance company
Answer nowSmall proparatory company in that 4 employees TDS was deducted but not deposited to tax department.now the company has deposited the TDS. Does the company has to pay interest and fine on TDS or any solution . If fine and tax how much it will be ( TDS deposited 4000*12=48000 for each employee ) pls give your valuable input so that for employer it should not be burden now.
Answer nowTrade Receivables on 31st March, 2010 are Rs.1,05,000.Further bad debts are Rs 5,000Old provision for bad debts is Rs.4,000.Provision for doubtful debts is to be made on Trade Receivables 10 %What will be the amount of bad debts charged in Profit and Loss A/c after considering provisions for bad debts?
Answer now
Gst rate