Answer / ovenkat4

the manufacturing account means all the expenses for to make a
product to take into manufacturing account. it can be taken
only the manufacturing costs for the product.

service tax calculated on agreement value or market value whichver is higher for builders?

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Where is the reserve

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Define the term material facts in accounting?

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if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system

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Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-

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: can anyone tell me rates of TDS for payment of contract, consultancy, advertizing, statioenry, salary, professional charges, technical fees, & honorarium for the financial year 2010-11

2 Answers   Reliance,

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I HAVE DEPOSITED SERVICE TAX AMOUNT IN WRONG HEAD CATAGORY i.e IN BUSINESS AUXILEARY HEAD BUT DUE TO OVER SIGHT IT HAS BEEN DEPOSTED THROUGH E PAYMEBT IN TRANSPORTATION OF GOODS BY ROAD KINDLY SUGGEST WHETHER IT CUOULD BE RECTIFIED FROM SERVICE TAX DEPTT. OR BY ANOTHER WAY AND WHAT IS THAT ? PLEASE ALSO CONFIRM WHETHER WE HAVE TO RE DEPOSIT THE AMOUNT OR MAY BE ADJUSTED IN CORRECT HEAD

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What are the elements of the accounting equation?

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In the balance sheet, where do you show tds?

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Tell me different branches of accounting?

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I have an interview on accounts payable.In my CV I have written I have done accounts related work including finalization And i worked on Tally So what kind of questions i am expected to receive in interview.

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For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

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