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Answer Posted / manjula
bad debts A/c Dr
to Debtors A/c
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SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
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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%).
what is sevice tax? on what service tax is applicable. explain with examples?
How do you plan to achieve these goals
What do u mean by pass through expenses? give examples, how it will be accounted & billed?
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