Answer Posted / sandeep agarwal

Personal Accont: Debit the receiver of the benefit
Credit the receiver of the benefit
Real Acconut: Debit what comes in
Credit what goes out
Nominal Account: Debit all Expenses and Loses
Credit all incomes and gains

Calculate Income Ta X On Nett Income Of Rs 365520 For Men,women And Senior Citizen For The Assessment Years 2009- 10 And 2010-11?

1560

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please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).

1944

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EXPAND_________SEC

1786

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what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??

1550

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Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

621

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We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............

1502

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All Accounting Question Related Send Me ..

1676

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what is the meaning of Processing Vendor/Employee payments

2409

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state and explain THREE types of situation to which accounting concept might be applicable

1687

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Define the word Profit in terms of business

1695

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INTE3RNATIONAL ACCOUNTING STD

1797

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Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER

1749

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EXPAND_________SEB

1569

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Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .

1749

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what is forecast

1121

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