we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?

1 Answers  

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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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What is an over accrual?

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why do we prepare balance sheet as on a particular date and not for a year?

1 Answers  

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What do you mean by trial balance?

5 Answers  

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What is account in accounting?

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What are the three factors that can affect your cash flow and business profitability?

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what is suspense account in tally.

2 Answers   ICH,

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what will be the entry for recivables at 31 st march and if they are paid after 1 month then what is the entry

2 Answers   TCS,

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Categorize the following journal entry in Real A/c, Nominal A/c and Personal A/c: Goods worth Rs.10,000/- destroyed by fire and the insurance company admitted the claim for Rs.8,000/- Insurance Claim A/c Dr. 8,000/- Loss By Fire A/c Dr. 2,000/- To Trading A/c 10,000/-

1 Answers  

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What are the major components of country's trade account?

0 Answers   Franklin Templeton, Industries Promotion Officer, Wipro,

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A change in accounting policy is justified (a) To comply with accounting standard. (b) To ensure more appropriate presentation of the financial statement of the enterprise. (c) To comply with law. (d) All of the above.

1 Answers  

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