Dear Sir,

I am taking 10 notebook on rental basis from a company.
He is charging 4% VAT (DELHI LOCAL) for rental can he charge vat to me, pls, explane me how it is possible and if yes should i deduct tds @15.45 in case proprietor ship company.

Harish
Delhi
09313022338

if an assessee carries on two propritorship firms of entirely diffrent nature, is he supposed to keep two different sets of books for the businessess?
In the present ITR, how will the balance sheet be filled in such a case?
Will it be statemnt of affair of the proprietor or simply a combined balance sheet and p & l of the two firms?

Our Company is a Cement Manufacturing Company,

It also used some Cement for own consumption such as making factory building etc

so what treatment should be taken for this consumed cement. Is amount of comsumption should be add in Sale.

is insurance reserve a statutory reserve..can you please list me the kinds of statutory reseve...in practice

A company get into agreement to provide ATM and ATM services to a bank for 5yrs.
now after two yrs bank want to terminate agreement and ready to pay compensation in 45 monthly installmnets. balance period of contract is 36months.. the company receiving compensation from bank need to know how they will account compensation.. whether they need to account full compensation current year or on receipt of compensation by insatllment. they made a agreement to get compensation 45 installments. pls advice

A company get into agreement to provide ATM and ATM services to a bank for 5yrs.
now after two yrs bank want to terminate agreement and ready to pay compensation in 45 monthly installmnets. balance period of contract is 36months.. the company receiving compensation from bank need to know how they will account compensation.. whether they need to account full compensation current year or on receipt of compensation by insatllment. they made a agreement to get compensation 45 installments. pls advice

this is the ques of ratio , please provide me all the figures used in balance sheet .
because meri balance sheet match nahi ho rahi , please help me its very urgent .

the question is

fixed assets/turnover ratio (cost of good sold ) 2
debt collection period 2 month
current ratio 1.5
debt equity ratio(total debt/quity)0.6
curreent liabilities to net worth 0.8
reserves to bank balance 4
consumption of raw material 40% of cost of sales
stock of raw materials 3 month consumption
stock of finished goods 15% of cost of sales
bank balance 1/30of sales
fixed assets 600000
gross profit 1/5 of sales

please help me to solve this question .

thanks in advance

I am having a practical Question that if any person (A) having a joint bank A/c with his wife (B).

(A) is husband and
(B) is wife

If A doing a business and all his business related entries was come in his joint bank A/c,

and

B receive one chaque from her friend amounted Rs. 4,30,000 in her joint A/c and she (B) paid that amount to purchase a house property. The house property was on her name.

My Question is how should i entered in to Mr A's A/c. Mrs. B's accounts was not being written, because she haven't need for it.

I am having a practical Question that if any person (A) having a joint bank A/c with his wife (B).

(A) is husband and
(B) is wife

If A doing a business and all his business related entries was come in his joint bank A/c,

and

B receive one chaque from her friend amounted Rs. 4,30,000 in her joint A/c and she (B) paid that amount to purchase a house property. The house property was on her name.

My Question is how should i entered in to Mr A's A/c. Mrs. B's accounts was not being written, because she haven't need for it.

I am working in paper manufacturing co.

please solve my probles :-

amount 50000/- finished goods rejected due to rain.

what will be financial entry of 50000/-

Above material is not return from debtors,its lossed in co.store & its already taken in excis record, its loss so i have to reversed excise duty.so please pass journal entry.