Answer / anju sharma

The rate of service tax in construction company will be at 4%(composite rate scheme option) as there is involvement of material with labour part. So,we can opt the option of paying the service tax @4% on the gross amount.
In normal option,we can pay the service tax @10.3% only on labour part(services)

i have purchase flat Rs.51279327/- + stamp duty registration charges + MVAT + Service tax = 5332370/- & other charges Rs.2012540/- please late me journal entry in Fixed asssets.

1 Answers   True Fit,

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why current ratio is 2:1.why it is not 100:1,10:1,20:1 in current ratio. please tell me....

8 Answers   Thomson Reuters,

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In Accounting Terms 1. what is meant by debit Rs.1000/- to Mr.Ramu account ?. 2. What is meant by credit Rs.1000/- to Mr.Ramu account ?. 3. What is meant by Ramu account was Debited or Credited ?. 4. Generally in accounting terms what is meant by Debit or Credit His / Her account ?.

2 Answers  

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What are the financial instruments used in share market..?. Hope securities called as one of financial instrument. Your answer will be appreciated. If any link are given related to this apart from this, it would be highly appreciated this. Thanks in advance.

3 Answers  

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securtralization?

1 Answers  

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What is partnership accounting?

0 Answers  

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pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.

0 Answers   Marketing Sales,

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what is the difference between reserves & provisions and accumulated reserves & surplus

2 Answers   Neel, Wipro,

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expenses incurred in the formation of the company are show in : 1)debit side in the profit and loss a/c 2)as an assets in balance sheet 3) as an liabiliies in balance sheet 4) credit side in profit and loss a/c

2 Answers  

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discuss depreciation and types of depreciation

2 Answers  

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Accounting basic rules with example relevant to day to day business

2 Answers   Wipro,

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What is properties or real accounts?

3 Answers  

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