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sukavani


{ City } chennai
< Country > india
* Profession * accounts
User No # 93676
Total Questions Posted # 1
Total Answers Posted # 12

Total Answers Posted for My Questions # 0
Total Views for My Questions # 1541

Users Marked my Answers as Correct # 45
Users Marked my Answers as Wrong # 26
Questions / { sukavani }
Questions Answers Category Views Company eMail

WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?

Accounting General 1541



Answers / { sukavani }

Question { Meru Cabs, 8450 }

what is withholding tax


Answer

withholding tax its [SAP TERMINOLOGY]---meaning tax
deducted at source

Is This Answer Correct ?    1 Yes 0 No

Question { Accenture, 63758 }

When will the cash Book have a Credit Balance?


Answer

CASH BOOK NEVER GETS CREDIT BALANCE,IF IT DONE MEANS,WE
PASSED WRONG ENTRY,WE DONT HV CASH MEANS,HOW CAN U GIVE
MONEY

Is This Answer Correct ?    1 Yes 2 No


Question { 25921 }

Hi Everybody,

Can anybody tell me the journal entry for below question,

Charged interest on Capital Rs.1,500.00

Thanks,


Answer

Interest on Capital A/C Dr. 1500.00
To Capital A/C 1500.00
interest on capital debited in p&l a\c
it will be adding to capial to the
balance sheet

Is This Answer Correct ?    2 Yes 0 No

Question { 25921 }

Hi Everybody,

Can anybody tell me the journal entry for below question,

Charged interest on Capital Rs.1,500.00

Thanks,


Answer

i had one more doubt?

wt is the defference bettwen capital & capital a|c

how?

Is This Answer Correct ?    0 Yes 0 No

Question { 25921 }

Hi Everybody,

Can anybody tell me the journal entry for below question,

Charged interest on Capital Rs.1,500.00

Thanks,


Answer

Interest on Capital A/C Dr. 1500.00
To Capital A/C 1500.00


P&L appropriation a/c DR. 1500.00
To Interest on Capital a/c 1500.00
(Transfer to P&L a/c

no need to pass two entrys,if it required do it this also

Is This Answer Correct ?    0 Yes 0 No

Question { Focus, 7294 }

How Many Methods of Depriciation & Which are those ??


Answer

sinking fund method also one the type of depreciation

Is This Answer Correct ?    0 Yes 0 No

Question { 5997 }

what is amalgamation?


Answer

any company take over anyone business thisis called
amalgamation.
amalgamation is one company taking total rights to another
company[merging with some one]

Is This Answer Correct ?    0 Yes 1 No

Question { 6996 }

I HAVE DEPOSITED SERVICE TAX AMOUNT IN WRONG HEAD
CATAGORY i.e IN BUSINESS AUXILEARY HEAD BUT DUE TO OVER
SIGHT IT HAS BEEN DEPOSTED THROUGH E PAYMEBT IN
TRANSPORTATION OF GOODS BY ROAD KINDLY SUGGEST WHETHER IT
CUOULD BE RECTIFIED FROM SERVICE TAX DEPTT. OR BY ANOTHER
WAY AND WHAT IS THAT ? PLEASE ALSO CONFIRM WHETHER WE HAVE
TO RE DEPOSIT THE AMOUNT OR MAY BE ADJUSTED IN CORRECT HEAD


Answer

above answer is currect.do the needful action

Is This Answer Correct ?    6 Yes 1 No

Question { ICA, 18110 }

The following are the transactions with respect to goods
traded by Gopal-
i) Purchased goods worth Rs.50,000 on 1-1-2005 for cash
ii) Sold goods costing Rs.20,000 for Rs.30,000 on cash
iii) Bought goods Rs.45,000 from Suresh & Co on credit
iv) Paid Rs.30,000 to Suresh who gave us a discount of Rs1,000
v) Sold goods Rs.23,000 but their cost is Rs.12,000 for cash
vi) Sold goods to Gangadhar for Rs12,000 on credit,(cost Rs
9000)
vii) Received cash from Gangadhar Rs.11,500 in full settlement.
viii) Paid carriage charges on the goods purchased Rs.2,000.
Find out the closing stock as on 31 -1-2005. Also, find how
much is still due to Suresh?


Answer

little bit confused

Is This Answer Correct ?    0 Yes 1 No

Question { ICA, 18110 }

The following are the transactions with respect to goods
traded by Gopal-
i) Purchased goods worth Rs.50,000 on 1-1-2005 for cash
ii) Sold goods costing Rs.20,000 for Rs.30,000 on cash
iii) Bought goods Rs.45,000 from Suresh & Co on credit
iv) Paid Rs.30,000 to Suresh who gave us a discount of Rs1,000
v) Sold goods Rs.23,000 but their cost is Rs.12,000 for cash
vi) Sold goods to Gangadhar for Rs12,000 on credit,(cost Rs
9000)
vii) Received cash from Gangadhar Rs.11,500 in full settlement.
viii) Paid carriage charges on the goods purchased Rs.2,000.
Find out the closing stock as on 31 -1-2005. Also, find how
much is still due to Suresh?


Answer

TK U Vaibhav FOR CLARIFICATION THIS QUESTION

Is This Answer Correct ?    0 Yes 0 No

Question { Wipro, 63598 }

What is JJ form? and it's uses


Answer

seller will issue JJ form to buyer for the purpose of check
post checking.exp.. cement,steel suppliers[bulk supply]
will issue the jj form

Is This Answer Correct ?    34 Yes 20 No

Question { Genpact, 8913 }

What is 'C'Form ? and what are the uses with 'C'Form? its
realed to Central Govt ( or ) State Govt.


Answer

yes,he is currect

Is This Answer Correct ?    1 Yes 1 No