Whether provision for filing fees required for filing of Annual Return & Annual Accounts of Financial year in the same f.y?

State with reasons whether the following statements are true or false
(i) Errors of omission will not affect Trial balance
(ii) Piece rate method can be adopted in any industry.
(iii) Credit sale of stationery by Bombay Stationery Mart will be recorded in
Sales book.
(iv) Fixed cost per unit changes and variable cost per unit is same.
(v) The entry for bill of exchange discounted with the bank is passed in the
books of drawee of the bill.

give one word or term:-
1.commission given for taking over responsibility of bad debts by consignee?
2. charges paid on dishonor of bill of exchange?
3. cost that vary with output not in same proportion?

what is "profit & loss appropriation account"? describe briefly.

Hi,

Can anyone guide me as to which accounting standard is applicable for real estate developments capitalisation considering the following points -

a) AS-10, I believe is not applicable , as expenditure on real estate developments is specifically excluded in the standard.
b) Where the co. is engaged in construction of commercial properties and leasing these out, what would be the time when the project can be capitalised, if the building is complete but external developments eg facade etc are still going on ? Can partial capitalisation be done in such cases? (Further, the rentals have started generating as these have been handed over to the tenants for interior fit outs)

Thks

how the treatment of advance tax paid at the time of finalisation of account for the current year?

Respected Sir,

Pl guide me that, in usually in partnership firm we issue the interest to partners for the capital. but if they take the excess amount (overdraft)from business then what will be interest rules.

thanking you,
yours sincerely

v s konkati

Suppose x ltd is a builder. Now In 2007-08 x ltd sold a flat to Mr Y for Rs 15 lac. Mr Y had already cleared all the dues. In 2008-09 Mr Y returned the flat to x ltd at Rs 17 Lac. And that returned flat is unsold till the end of 2008-09. The cost of construction of the flat returned was Rs 10 lac. There are other flats also unsold at the end of the year 2008-09 and company policy is to value stock at an average price. In this situation average valuation of closing stock is correct or we should separately value the returned flat. Also how we will pass the entry of return in the books and valuation of the returned flat

Dear Sir,

Kindly let me know the servicetax is applicable to an workorder or not. If the workorder is considered as consultancy charges what isthe percentage of TDS.(whether service tax is to be calculated for the workorder or Not for this). If anybody knows the tds percentages for subcontract,contract etc. your reply is highly solicitable


M.v.chandran
09246298967

what is annuity factor?
multiplying with just annual instalment one can get the full cash price...what is logic?