Hi,
Any one can explain entry?
Advance tax 5000
TDS 3000
Provision tax 6000
(1) If actual tax is 30000, (2) If actual tax is 10000
then what entry should be done.

when is revenue recognised in a construction company? is it after completion of construction or as and when the expenditure is made? pls help me out.its urgent.

Dear All,

If book value of a commertial property (owned by a Pvt Ltd) is 50 Lacs and rent per month is 5,80,000
it means total rental income is 69.60 Lacs

then how in effect in

1. INCOME TAX
2. Wealth Tax

Humbly request you all to please advice

Dear All,

I need to know the margin percentage,
cost price 0.070 and selling price .800 how to calculate Margin percentage.

Profit is ( .070 - .800)= 0.730

Margin per is 0.730/.800 = 91.25%

is it correct

Can someone pls tell me how they calculate/estimate work-in-progress or unbilled revenue as per the requirement of As-7, for software development companies?

Contracts are both T&M and Fixed contracts.

Sir I want to know about Debit & Credit note its definitions & difference.

Dear sir/Madam Plz solve my problem i am accountant in NGO
Problem
On 31.3.09 bank Balance Rs 100000
on 31.3.09 advance to mr x 50000
i have joined the NGO from 1.4.09
1.4.09 Grant Received Rs 500000
3.4.09 Travelling allownce paid Rs 30000
30.4.09 Salary paid Rs 200000
MR X SETTLED ADV OF RS 5000 FOR FOOD ON 29.4.09
TRAIL BALANCE AFTER POSTING LEDGER ITS NOT TALLYIED PLESE HELP ME

TRAIL BALANCE AS ON 30.4.09 DR CR
CASH AT BANK 370000
GRANT RECEIVED 500000
SALARY 200000
TRAVELLING 30000
FOOD EXP 5000
MR X ADVANCE A/C 45000

GRAND TOTAL 605000 545000

what is "core current assets" in the chapter of working capital requirement ?

what is levered frirm & unlevered firm ?

dear sir

Pls clear

can i purchase a fixed assets in cash
and how much amount i can invest in cash
what loss i will get in the transaction