Answer / dinesh

Not only confirming the balance. Its a book closure
activity enlightning the true and fair view of Balance
Sheet and Income Statement. E.g. I sold to my down
company. Will shown this is my outstanding income or
asset. Hence balance should make it to zero while
preparing the balance sheet and income statement

Answer / raj

Transaction that takes place between two entities of same
company is simply called as intercompany. Reconciliation of
inter company means that reconciling the books of both the
entities and making the balances to be zero by internal
adjustment,making sure that there is no any cash
transactions takes place between both the entires its just
an adjustment between two entities.

Answer / edmore

inform me

what r the heads of taxation

8 Answers   Mphasis, TATA,

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What is Tax Audit ? Brief description please

3 Answers  

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What is ITC and on which goods we can claim it?

2 Answers  

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why VAT not charged in deemed sales bill.

0 Answers   ME,

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Sir, An Awarder make part payment to the Contractor after deducting retention money @5%. The retention money will be paid to the contractor when the contract work is fully completed. Here my question is,when the Awarder has to deduct tax on retention money, at the time of deducting the retention money or at the time of payment of retention money when the contract is completed? Here "Tax" means Income Tax, VAT, Service Tax etc. Please reply Thanking You

2 Answers  

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what is all tcs rate

2 Answers  

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I have working with Rs.180000/- I want fill up itr 1st time What is process.

0 Answers   TATA,

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Ir we have bill for CST 2% we made entry 12.5% by mistake then what is solutin for C-form

0 Answers  

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TDS rate for Building Maintenance ????

2 Answers  

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what is the difference between FBT and Income Tax.both are interrelated with each other or not?if not then why

1 Answers  

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what is the Finalization?

2 Answers  

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What is business?

8 Answers   TCS,

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