.The manger of firm is entitled to a Commission of 10% on Net profit After his commission. if NP of the firm before charging comm is RS 440000 the amt of maneger s comm will be? 2.goods purchased for RS 20000 & sold were for RS 160000 margin 20% on sales closing stock is..? 3.goods costing RS 20000 was sold @ the invoice price of 20% above cost with trad discount 10% amt of sales will be? 4.the opening stock is overstated by 10000 & cl.stock is under stated by 15000 the impect on these on NP for current year is?

Dear Sir Please tell me what is deferred tax liability for the below mentioned figures for A.Y 2010-11
Profit as per P&L A/c - 41875507
Add Depreciation
Donations etc... - 14899002
Less Depreciation
As per I T - 9413800
Taxable Income - 47360709

If i incurred any expenditure for rendering service (service industry)to
my clients & issued the bill to the parties for that.

Say i issued 3 bills to 1 party

1st bill (not describe expenditure incurred on behalf of party)

2nd & 3rd bill (describe the type of expenditure incurred & service charges)

I received a payment for 1st bill, part payment for 2nd bill & no payment recd for 3rd bill at the end of year.

if accounting system run on cash basic then kindly guidence whether i can books expenditure of all 3 bills at year end.
(note:- income shown :- cash receipts during the year end).

how to account the monthly biils submitted by lease financier for
Principal, Interest, service tax & vat
and can take credit of service tax & vat againt the bill?

Thank u

wat is marginal cost of capital

Respected Experts,
Can anyone tell me which book is the best for accounting standards for understanding the concepts, particularly AS - 22. I might require to understand the concept since i will be practically exposed to all those Accounting standards in the near future as a professional.
With regards,
Rajesh.

what is deffered tax explain it with example

Dear All,

please tell me,we can not withdraw cash more than rs.20000/-

but can we withdraw cash for company,firm or indi more that,if we can withdraw then how much we can?

dear all

Pls tell me following.

My company has decided to make a garden in office premises. let me know that can i show this garden in fixed asset? second if yes tell me how i will take deprecation on garden.

or expense out all expense incurred on garden.

Please let me know what is the difference between "advance against director remuniration", or "advance director remuneration"

please help