i have following scenario:

A firm has shares of rs 75/- lac,
variable cost of rs 42 /- lac and
fixed cost of 6 lac.
Debt is rs 45 lac @ 9 %.
Equity of 55 lac.

At what level the EBIT of the firm will be equal to zero.

urgent pls reply..

Dear Sir,

Suppose I have one crore and want to start a company.

I registered a company subscribed for the shares.

Now how to record the transaction in the books of accounts to use that one crore in the company.

Hello,

In our company, we purchase fruit and we pay the amount for purchases later on credit basis but, we pay the freight, the expenses of which is borne by the seller, and while making the payment we deduct the freight amount and make the payment. So please guide me how it will affect in tally.Please explain me with example.

Thank you

Hi All,
I have a query regarding Tally 7.2
I have got fully prepared account Statement in Tally 7.2 soft copy. Now if i want to search any particular entry or any word in its narration so that I can ensure that receipts from any particular debtor has been received wat is the procedure
pls help me i searched a lot on google but cudnt find any way out

Hi All,

I have a query as to validity of the following accounting entry which is made in regard to purchase of service.

Expense A/c Dr (Amount of invoice)
Party A/c Cr (Balancing figure)
Service Tax Cr (invoice amount*75%*12.36%)
Tds payable Cr (10% of invoice amount)

My query is whether service tax payable as shown in this entry correct?
The amount of service tax as booked in the invoice is only 25% of the actual expense.
Also,in this entry no cenvat credit has been taken of such 25% Service tax as shown in the invoice.


Thanks in advance

i am a manufacturer and my product is a powder which packed in plastic bags,which is purchase from traders.

last my debtors has give me debit not which is for plastic bags which i have sent him by sales as scrap with VAT amount.

how to do entry of debit note in my accounts if don't purchase any bags ?


thanks

please let me know the details all about FIRC, when , why & how

dear sir

Tally ledger show difference in balance as 23793.38 and party ledger as per balance closing 28304.89.can u give solution for closing balance adjustment

Sir,
What is the treatment of Pre- opererative expenses like salary, bank charges, R & M(other), travelling etc.
Does they b capitalize or amortize? (if these expenses are done before the commencement of production..)
then where does it should be shown in revised
balance sheet?

This is regarding the reduction of share cap[sec 100-105] in internal reconstruction.

lets take an example of a company having lost 50,000 of its paid up capital due to reduction in the value of assets...
Reduction effected in two ways:
(i)by reducing the paid up value(not nominal value) of existing shares.
(ii)by reducing both the nominal values and paid up values of shares.

ITS SAID THAT THE SHAREHOLDERS WILL NOT ORDINARILY BE WILLING FOR THE FIRST ALTERNATIVE SINCE IT PUTS ADDITIONAL BURDEN ON THEM.....

please bring out the concept behind this with an example.What is the "additional burden" being referred to here?....

thanks a ton in advance....