Dear Sir/Madam

Is PT deduction applicable on Bonus ?

E.G.
Person "A" have been working in a Company from last one year and For 12 Months he got salary @ rs.10500/- P.M after deduction of P.T.Rs.200/-.So he has already fulfill the condition of P.T. Rs.2500/- P.A.
Now the company has declare bonus for diwali based on las year. So company will have to deduct the P.T on bonus or not ?"

i need a favor like how to close all accounts and which accounts mainly affected and what to do for if company gets profit or loss then what to do for that can you guide me further

what does this statement mean....
no company shall pending conversion of FCD's/PCD's issue by any way of bonus??

how to calculate the net worth of a company?

Pls hlp!!

trial balance is a statement which shows the ______ or the ______ of all the accounts.

a)balances , totals
b)debit balance , credit balance

answer: option (b)

but according to me answer as option (a) is also correct since there are two types of trial balances gross method,in which totals of all a/c's are shown and net method .in which balances of all a/c's are shown.
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can anyone clarify this pls!

a started business with $20,000 cash and $11,000 stock.cash sales and cash purchases were $10,000 and $5,000. total sales and purchases amounted to $70,000 $50,000. outstanding creditors were $15,000 and debtors $25,000 .expenses paid $17,000.machine was purchased for $10,000 out of which $8,000 has been paid.trial balance total will be:

answer: $1,18,000

how?
its a bit tricky?
can anyone solve this?
pls!

In a winding up of a company, certain creditors remain unpaid.
The following persons had transferred their holding before winding up:

Name No. of Amt. due to
transfer share creditors(Rs.)
P Jan.1 1000 7500
Q Feb.15 400 12500
S Mar.15 700 18000
T Mar.31 900 21000
U Apr.5 1000 30000

The shares were of Rs. 100 each

One member named "R" who held 200 shares died on 28th Feb.1996 when amount due to creditors was Rs.15000. His shares were transmitted to his son named "X"

Z was the transferee of shares held by "T"
Z paid Rs.20 per share as calls in advance immediately on becoming a member

The liquidation of the company commenced on 1st Feb,1997 when the liquidator made a call on the present and past contributors to pay the amount

Quantify the maximum liability of the transferors of shares mentioned in the above table. when the transferee:

(1) pay the amount due as "present" member
contributories
(2) do not pay the amount due as "present" member contributories

Also quantify the liability of "X" to whom shares were shares were transmitted on the demise of his father "R"

is it neccessary to learn telly for accounting. is it benificial.

Dear Sir/Ma'am please define what is cost record, cost compliance and cost audit? and also tell about the how do you know the applicability of companies for thrice or may be anyone?