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Answer Posted / yash sharma
Payment to contractor
For Ex. Amount paid Rs 50000 to Contractor Named
Mr. ABC & Co.
ABC & Co A/c Dr 50000
To Bank A/c 49000
To TDS A/c 1000
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Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
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