WCT ,TDS,Service tax ,costmor accounting
Answer / aisha
WCT is like VAT it is added to the value of goods in invoice by the manufacturer and TDS is deducted by the customer at the time of making payment for goods purched.
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An advance of Rs 10000/- is received from customer. pass necessary journal entries
Expand ------DMRC
Accounting related interview questions on ibm
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1. A firm buys stock for $100 by cheque and intends to sell it for $200, so the double entry should be a) Debit bank $100 and credit stock $ 100 b) Credit bank $ 200 and debit stock $ 200 c) Debit purchases $100 and credit sales $ 200 d) Debit purchases $ 100 and credit bank $ 100
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Expand I B M
Expand ------ALH
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