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Querist : Anonymous

Querist : Anonymous (Querist)

28 December 2011 WHAT IS THE ENTRY FOR HIRE PURCHASE AND INSTALMENT PURCHASE.

WHAT IS THE EFFECT IN FINANCIAL STATEMENTS?????????
PLZ REPLY AT sheladiya.shailesh@yahoo.in

THANKS

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 December 2011 In both cases Asset need to be accounted as cash price only. and need to show the HP loan and Installment loan under loans

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Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2011 AT THE TIME OF DOWNPAYMENT

CAR A/C DR
TO CASH/ BANK

AT TIME OF INSTALMENT

CAR A/C DR
INTERSET AC DR
TO CASH/ BAMK AC

AT THE END OF YEAR

DEPRECIATION DR

TO CAR AC
AT TIME OF SALE
CASH AC DR
TO CAR AC
TO P & L PROFIT

BUT IN HIRE PURCHASE DEPRECIATION & SELLING DOES NOT TAKE PLACE. THIS THE DIFFERENCE

OTHER REMAINS THE SAME
M I RIGHT???????????
THANKS

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2011 WHAT IS THE RATE OF TDS FOR
1 INTEREST COMPANY
2 INTEREST NON COMPANY
3 COMMISSION CO
4 COMMISSION NON COM
5 CONTRACTOR CO
6 CONTRACTOR NON CO.
7 PROFESSIONAL FEE COM
8 PROFESSIONAL FEE NON COM
9 RENT COMPANY
10 RENT NON COMPANY
11 WAGES & SALARY
WHAT IS MAXIMUM LITI OF ALL ABOVE
WHA IS THE PENALTY FOR LATE PAYMENT OF TDS.
WHAT IS DIFFERENCE BETWEEN TDS AND TCS????????????
PLZ REPLY AT sheladiya.shailesh@yahoo.in
THANKS IN ADVANCE

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2011 Dear mr. ramesh
IF U HAVE FILE FOR EXCICE, VAT ,CST THEN MAIL TO sheladiya.shailesh@yahoo.in
give me your mail id

thanks

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