The total cost of goods available for sale
with a company during the current year is
`12,00,000 and the total sales during the
period are `13,00,000. Gross profit margin
of the company is 33 1/3 % on cost. The
closing inventory for the current year
would be —
(A) `4,00,000
(B) `3,00,000
(C) `2,25,000
(D) `2,60,000.

How to prepare mis report for anaccounting department

Hello,

My query is:

As per classification for applicability of AS done by ICAI, (Level -I, II and III)

The words used is "ALL NON-CORPORATE ENTITIES" whose turnover exceeds Rs. 50 crore......

I want to know what is the meaning of "NON CORPORATE ENTITIES"?
Does it includes company registered under Companies Act or not?

What is the procedure for converting proprietorship to private limited company?

Dear sir,

cash paid to an employee who belongs to other branch,for that branch expenses, but he submitted all expenses regarding that amount to the head office, then how to treat in my books of records?

Please anyone help me.
how can i transfer amount from USD bank account to INR bank account in tally..

An asset which takes 7 months to get constructed for it's intended use, can it be defined as Qualified Asset?Whether the time period is relevant?

When Revenue is recognized :
In case payments are to be made in installments and there is uncertainty in ultimate collection.

Hello Sir

How To Calculate Basic , Hra , Da Medical & other in Salary sheet , if my salary is 10500
P.M how will calculate Basic , Hra & Da

Sir
inrespect of an assesee who is having 12 A registartion is not able efile their return in ITR 7 due their fourth letter of the PAN is not T. Infact the assesee is a soceity formed under Travancore Cochin Cultural Act for Charitable purpose.Pla advice how to e fle the return and audit Report in Form 10 B electronically
RGDS