Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????

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In which we will use Annuity depreciation method?

1 Answers  

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why is the recocillation done?

2 Answers   Global Talent Track,

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X of Kolkata sends out goods costing 300,000 to Y of Mumbai at cost + 25%. Consignor’s expenses Rs 5000. 1/10th of the goods were lost in transit. Insurance claim received Rs 3000. The net loss on account of abnormal loss is (a) Rs.27,500 (b) Rs.25,500 (c) Rs.30.500 (d) Rs.27,000

2 Answers  

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What is Use of Reversing Journal(F10)& Optional Voucher(Ctrl+L) in Tally erp9?

4 Answers  

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How Many Methods of Depriciation & Which are those ??

6 Answers   Focus,

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Why company issue shares at discount as its a loss ?

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Why don,t show the Closing stock in Trial Balance.

2 Answers  

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1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.

3 Answers  

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what is days of grace? If possible give me replay on this no. 9885789716.

1 Answers  

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Dear Sir, I have bought a vehicle the show room price is Rs.921700, Registration Rs.60000 Parking Charges Rs.5000 Please let me suggest What is assets value?

5 Answers  

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How does Cheques work while processing it in SAP? What are the effects and the methods.

0 Answers   IBM,

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