why we multiply no. of purchasing year with average profit

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Explain the Invoice verification process

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Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

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bill amount 30000 how to charge tds as sec 194c

4 Answers  

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What is the closing entry?

2 Answers   Genpact,

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Tell me why some asset accounts have a credit balance?

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Horizontal balance sheet versus Vertical balance sheet

0 Answers   HHA, Trident,

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what is Profit & Loss Account?

4 Answers   EDS,

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i purchase a vehicle rs 500000,including vat 5% , registration fee rs 40420 and insuarance fee 18500, after the use two year i sale it. how to calculate it cost? what entry in tally?

2 Answers  

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we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.

0 Answers   Milestone,

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My gross salary is 12,000/-P.M & due to less working days gross salary becomes 8,000/-P.M will ESI come as my gross is less than 10,000/-P.M

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how many tds payable if i win 15000 only 5000 or whole amt

2 Answers  

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