We are non excise registration Manufacturer want export to
dubai & material received from excise registration
manufacturer they are mention excise duty on my bill but we
are not getting modvat because of non registration then
what we will do that they are not liable to me excise duty
on bill
what is the difference between cash discount and trade
discount.
what is the journal entry for purchase of 100000 giving
(a) 5% trade discount
(b) 5% cash discount.
State with reason which account should be debited and which
account should be credited in each of the following
transactions:
1. Raj commenced business with cash Rs. 5000
2. Bought goods from Kiran for cash Rs. 1000
3. Sold furniture to Ravi on credit Rs. 500
4. Sold goods for cash Rs. 800
5. cash purchases Rs. 600
6. Bought Stamps Rs. 10
7. Withdrew cash from the business for personal use Rs. 1000
8. Paid salary to manager Rs. 500
9. Paid rent to landlord Rs. 200
10. Received commission from Mani Rs. 50
11. Paid for repairing machinery Rs. 30
12. Received cash form Ravi on account Rs. 400
13. Gave loan to Babu Rs. 500
14. Purchased goods from Sachin Rs. 400
15. Opened a bank account with Rs. 1000
16. Charged Mohan Rs. 50 commission for service rendered to him
17. Santosh paid the interest on loan advanced to him
18. Received loan from Manju Rs.10000
19. Office furniture stolen Rs. 500
20. Paid income tax Rs. 5000
21. Paid life insurance premium Rs. 300
22. Allowed discount to Babu Rs. 90
23. Discount received from Santosh Rs. 150
24. Amount charged by bank as bank charges Rs. 30
25. Railway fright paid on machinery purchased Rs. 100
State which of the following are Cash transactions, and
which are credit transactions:
Questions Answers
1. Anil commenced business with Rs.10,000
2. Bought goods for cash Rs. 2000
3. Bought goods from Balaji on account Rs. 4000
4. Paid Balaji on account Rs. 500
5. Commission received Rs. 50
6. Commission due to Raj Rs. 100
7. Took Loan from Bank Rs. 20,000
8. Interest on loan due to the bank Rs. 200
9. Paid salaries Rs. 200
10. Sold goods for Rs. 1000
11. Sold goods to Eshwar on account Rs. 2000
12. Received from Eshwar on account Rs. 100
How to prepare an Audit Programme of a Private Limited
Manufacturing Company? What is the format?
484
why auditors are not true and faire statement of account
78
What sorts of accountant count as "qualified accountants"
to be independent examiners for charities with income over
?100,000 or assets over ?1,000,000?
146
what is the reason for controls in an IS environment?
19
accounting & audit system of film production enterprises
179
What areas are your strengths and what areas would you like
to develop
68
what is suspense capital a/c? when this type of account
will be opened in the books of accounts?
82
what is bank audit and what type of document is used in
bank audit
A company charity (gross income <?250k) wishes to take
advantage of the audit exemption regime. However, there is
an audit provision in the company's Articles. Should they
be required to change the Articles?
186
A Pvt Company take Unsecured Loan from Partnership
Firm .What are the Auditor's reporting requirement under
CARO U/S 227(4A)?
139
We are non excise registration Manufacturer want export to
dubai & material received from excise registration
manufacturer they are mention excise duty on my bill but we
are not getting modvat because of non registration then
what we will do that they are not liable to me excise duty
on bill
26
What do you find the most challenging in Accpuntant role
Did you received any Funny E-Mails from your Friends and like to share with rest of our friends? Yeah!! you can post that stuff 
Site Map
