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Audit (531) - CompanyAffairs CS (172)
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In the case of bank fixed deposits,t.d.s. u/s194A ,is to be deducted whether on the basis of person ,as a person earns 50000 interest on 1 fd or on fixed deposit scheme as 10fds earn 200000 interest?
3565Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows: O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX Cash……………………………… $9,700 Accounts receivable……………………… 7,900 Prepaid expenses………… 2,600 Furniture, fixtures, & equipment 151,300 Accumulated depreciation $15,600 Accounts payable………… 3,800 Salary payable……………… Unearned service revenue 6,700 Benjamin O'Henry, capital 137,400 Benjamin O'Henry, withdrawals 2,000 Service revenue………… 14,300 Rent expense…………… Salary expense………… 3,400 Utilities expense……… 900 Depreciation expense Supplies expense…… Total…………………………………………. $177,800 $177,800 Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000. The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason. I have the mathimatical part ok , please give reasons on how much and why I they would offer him the amount.
3 10120If i pay 50% advance to advertise agency towards advertisement expensise, should I deduct TDS on advance payemnt.
5 9987what is the difference between public ltd company and private ltd company?
Capital IQ, Project Management, Scope International, Yes Bank,
5 27812I am completed MBA finance & Mcom, I had 8 years experience in accounts field. I am interested in software. can shift my in software. whcih course i select
2 5412If some service provider gives a bill having service tax. say cost of service is Rs 100, He is adding 12.36% sevice tax. Total comes 112.36. we have to deduct TDS @ 11.33%. On what amount we should deduct TDS? (on 100 or 112.36 )
16 22003
what is accounting in automobile
what are the main tools of auditing?
What are premises in accounting sense? What is vat adjustment?
What are the disadvantages of double entry system?
From Karnataka,while sending material out, which are all the states required Form 38?
Who is to paid income tax and what is the procedure of filling income tax return?
I plan to buy a new flat in Hyderabad which has never been registered before. Area of the flat is 1115 Sq. ft. I intend to know the following things.1.) what should be the amount of registration?.2.) Is there any VAT. If there is VAT what is the percentage?.3.) Is there any service tax. If so, what should be the percentage? as per F.Y 12-13 rule
director wife expenses which entry
what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..
What is diffrence Between GPF and EPF?.. can anybody explain..?
What is the use of form D in sale tax
What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP
What are the basic principles of an internal audit controlsystem?
what are the new rules of central excise ?
Do you know the term account payable?
