while considering profit for goodwill calcuation . profit sholud consdier after depreciation , remuneartion and interest to partner or before interest and remunearation and depreciation
PROFIT 100,000
DEPRE 2000
INTEREST 3000
REMUNERATION 5000
NET PROFIT : 90,000
Which profit is to be considered 1,00,000 or 90,000
Respected All, What will be the accounting and tax treatment.... if a co operative society issues shares to its some of the existing shareholders as prize money because those shareholders have achieved the target set by the society.....in my case the society has passed the entry as :
Entertainment Exp (P & L Account) Dr
To Share capital account
Dear Experts,
In Saving Account Small Amount & under 5000 amount is Paid to Suplier Can We disclose this Paid Amount as Non-GST Purchase Only.(No in GSTR-3B)
How Many Limit value for single Non-GST Purchase Bill against single Person.
Whether can we show Dummy Name In Purchase Invoice .
Thank you......
sir
if as a company we paid some exp. and bill issued in the name of company but these exp. should be born by a vendors co. of us so can i make a sales bill for that in the name of vendor co. ?
otherwise suggest the right treatment
Dear Experts,
1 The Stautory audit firm's staff staying in the hotel.
2 The company is remitting the amount to the hotel for their accomodations
3 The hotel raised the invoice in the name of the company.
4 Now how the company can account this expenses under which group?
5 What would be the ledger name for this transactions.
Hi,
If Retailer/Shopkeeper is generating bill as Capex Reimbursement to the Shopping Mall and put SAC code 995419, Rs. 45 Lakh +GST 18%.
On the above case, is TDS Applicable, if yes then under which Sec. and can Shopping Mall can take GST Input?
Kindly give your valuable suggestion on the same.
Thanks in Advance,
Sanoj
Dear,
How to make related party in tally in company A and B.
regards
Amount paid to temporary marketing staffs towards their wages.
Should the expenses be booked under:
Salaries and wages
OR
Advertisement and publicity
Dear Sir,
We are in Granite Manufacturing Company. As Finalisation Process we are valubing F.G. as 90% of sale value and Wip as 65% of sales Valu ..! Our F.g. is the goods ready for sale just waiting for approval. And our Wip always remains in 2 out of 7 process. Apart from above we normally sold Good in Fg in first. We are producing in terms of containers as 50 means we sold 10 to 20 of last month F.g and 15 containers from curent production ...! Kindly let me know if our valyation towards Wip and Fg is correct and if not How to Valye in this scenarios
Hi Sir/mam.
Please clarify on surrender of shares
If debentures of 1 lakh and debentures interest of 20k are existing in balance sheet
And total claim of debentures reduced to 50k,
how would i know which part is reduced to which extent.
PROFIT FOR GOODWILL CALCUATION