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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Please tell me under which heads following ledgers should open or create. 1. Vat on Sales 2. Vat on Purchases 3. Excise on Sales 4. Excise on Purchases 5. Service Tax Input 6. Service Tax Output It’s urgent for me.

14 Answers   Genpact, IMK, MMS,

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What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

0 Answers  

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Accounting Questions

2 Answers   Infosys,

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What is BRS

6 Answers  

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what are the different types of expenditures considered for the purpose of accounting?

0 Answers  

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what effect closing balance and there effected ?

3 Answers  

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What is the difference between ledger and journal?

3 Answers  

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Journalize the Following: 2. Monthly credit sales were $ 35,000 3. Received Cash receipt payments on Receivables in the amount of $ 10,000. 4. Customers’ cheque in the amount of $ 100 bounces and was re-deposited. Book both entries. 5. Material is bought on account for £ 100,000. The exchange rate is Four pounds to One Dollar. Then, later, merchandize is paid for. The exchange rate is Five pounds to One Dollar. Book both entries in Dollar when merchandize is bought and when it was paid. 6. Materials worth $ 20,000 was purchased on account and paid for with 1% discount. Book both entries. 7. Record the purchase of Direct Material on Account in the amount of $ 20,000. Half of it was for stock and the other half for a specific job order. 8. Record the disbursement of $ 1,000 raw material to shop floor for use on specific job

0 Answers  

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could you please tell me what CRR & SLR?

1 Answers   Wipro,

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Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.

0 Answers  

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if a company purchased measurement tape for office use .. it comes under which expense head 

2 Answers  

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