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During the year a firm has received TDS of Rs.30 lakhs and out of this an amount of Rs.9 lakhs was adjusted against the taxes. However, in the balance sheet under the head assets,the firm shown Rs.30 lakhs towards TDS. Is it correct. In my openion, in the balance sheet, the assessee has to show only Rs.21 lakhs as asset in the balance sheet, after reducing the tax adjustemnt of Rs.9 lakhs. Pl. Clarify.
Explain the difference between internal audit and external audit?
What is a voucher????
what is the journal entry for this situation? and why? situation: Gratuity for this year TK1000000,which TK700000 shows in income statement and TK150000 will shown in next 2 year each.(this is a management decision)
What is your Strenth and waekness & why
1 Answers Aloha Technology, Deloitte,
State which of the following are Cash transactions, and which are credit transactions: Questions Answers 1. Anil commenced business with Rs.10,000 2. Bought goods for cash Rs. 2000 3. Bought goods from Balaji on account Rs. 4000 4. Paid Balaji on account Rs. 500 5. Commission received Rs. 50 6. Commission due to Raj Rs. 100 7. Took Loan from Bank Rs. 20,000 8. Interest on loan due to the bank Rs. 200 9. Paid salaries Rs. 200 10. Sold goods for Rs. 1000 11. Sold goods to Eshwar on account Rs. 2000 12. Received from Eshwar on account Rs. 100
the primary purpose of compliance test is to verify whether?
what is internal check?
how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)
0 Answers Logistics, SnapDeal,
what is meant by vouching?
SIR/FRIENDS ,I,M FROM COMMERCE STUDENT. I HAVE GOT 24 MARKS IN MATH (135 OUT OF 250 )IBPS CLERK CWE.IF INTERVIEWER ASKED ME U R BORDER OF PASSING MARKS IN UR MATH, THEN WHAT SHOULD I SAID TO INTERVIEWER? PLZ SUGGEST ME FOR PERFECT ANSWER.
what is the steel consumption per sq ft for ground plus 12 floors