Answer / h.r. sreepada bhagi

Finalization of Accounts is the process of preparing the
Profit and Loss Account for an Accounting / Financial period
(Month, Quarter, Half yearly, Annual,etc.) and Balance Sheet
as on the last day of that Accounting / Financial period
with relevant notes and schedules.
In other words it's process of summarising the business
transactions during a financial period to know the quantum
of profit made or loss incurred during that period and the
position of assets and liabilities at the end of that period.

Answer / felsy

finalization is the process of preparing profit&loss a/c,
which help to know whether the company has made profit or
loss for the financial period, and to prepare the
balacesheet to know the financial possition of the business
on the end of the finacial period

if we purchase tangible material on the basis of Vat @12.5% and we are service industry, than can we make the invoice on that material on the basis of Service Tax @ 12.36% with Management Fee?

1 Answers  

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who is person issued form "H" in case of sale against form "H" (export sale)?

1 Answers  

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please tell me how to take stock (not enter in purchase) in Tally ERP 9 in Case the goods recived against from FORM 38 The Company sent me consignment for sale on behalf commisson & after sale he want FORM F. so please tell me procesure of TAke the Stock in Tally for the Created Sale Invoice & Tax Invoice. Thank You

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HOw to pass vat adjustment entry while paying vat return?

3 Answers  

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can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax

0 Answers  

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i HAVE MANUFACTURING UNIT IN KARNATAKA & I HAVE DEPOT IN KARNATAKA ON WHICH VALUE SHALL I PAY ENTRY TAX ON STOCK TRANSFER VALUE OR DEPOT SALE VALUE.

2 Answers  

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How can the management breakup the salary of employee(if salary Rs.10000/-) which % they calculate the Basic,T.A,D.A,H.RA.and e.t.c.

0 Answers   GRL,

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what is exemption of income tax in case of huf and a firm

1 Answers  

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Please tell me the process of generation of TDS in Tally ERP-9 with an Example

0 Answers   Hitachi,

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Whether Luxury Tax is applicable for ICU Bed charges..

1 Answers   Apollo,

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plz any bdy tell me about use of vat form r1 & r2 & it's use?..........

3 Answers  

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Please send me the chart for Input tax restricted goods

1 Answers  

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