self balancing ledger
This query is : Open
Narender kumar
(Querist)
30 June 2016
what is the treatment of "reserves for doubtful debts" .
CA. Sunil Gokhale
(Expert)
11 July 2016
To be ignored as it does not affect debtors a/c.
Narender kumar
(Querist)
05 August 2016
sir , i have a doubt in amalgamation i.e.
"why purchasing co. debited goodwill a/c in his book when he pays the liquidation expense of the vendor company"
CA. Sunil Gokhale
(Expert)
06 August 2016
Payment made over & above the value of net assets is debited to goodwill. This is an 'extra' payment so same treatment. If cap. Res. Was created on purchase then exps are debited to this a/c as capital profit on purchase is reduced due to this payment.
Narender kumar
(Querist)
06 August 2016
thank you , sir
Narender kumar
(Querist)
12 August 2016
sir. what is the benefit of paying gift by cheque
CA. Sunil Gokhale
(Expert)
13 August 2016
Donor gets no benefit. The receiver can show it as source of income where it is taxable.
Narender kumar
(Querist)
22 August 2016
sir, if an individual transfer goods from its one shop to its another shop in the same state for sale purpose , is he liable to charge VAT on such transfer
CA. Sunil Gokhale
(Expert)
23 August 2016
No, VAT is not payable for such transfer.
Narender kumar
(Querist)
19 July 2017
greetings of the day sir ,
what is the difference b/w "point of sale " & "point of supply " ?
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