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Hi wht r da questions which are mostly asked in an Accounts
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1 Answers Chartered Accountant,
A sole trader run a business, and he takes every month fixed salary, he says this salary should not be affect in profit and loss a/c, he wants this salary transfer to his capital a/c, means he wants increased his capital - My question is as per the accounting system is it possible?
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x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?
Do you know what is liabilities and what all does include in current liabilities?
what do you mean by profit and loss appropriation account ? what is the use of preparing it?
what is capital revenue and capital expenditure?
what is the difference between excise duty and customs duty.
Audit 
