Answer Posted / h.r. sreepada bhagi

If AMC Charge is paid in the middle of a Financial Year for
that year & next year, then calculate it prorata based on
No. of days from the AMC commencement date to the last date
for eh Financial year & for next year from the 1st day of
the financial year to the last day of AMC.

Eg. AMC paid Rs.28000/- for the period 25-10-20X0 to
24-10-20X1 - For the year ending March it's for 158 days -
Rs. 12121/- & for the next year it's 207 days - Rs. 15879/-

Rs. 15879/- shall be shown as Prepaid Expense in the year
end Balance Sheet.

Tell me what is working capital?

1201

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whether bills of exchnge can come under the category of reserves and surplus

1961

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What is the treatment of claim settled by insurance company but still receivable in profit and loss account

1280

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What is a ledger?

1138

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x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?

2232

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what is inter-company transaction? what is Inter-Branch transaction?

8862

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What will be a entry for TDS deducted on Salaries, Directors Remuneration and Rent.

35267

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Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?

1116

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Define offset accounting?

1109

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Tell me do you think there is any difference between inactive and dormant accounts?

1123

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Mention what is bank reconciliation?

1231

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Let me know the liability positions of Partners

2063

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PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?

1920

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WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.

3465

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You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically

1591

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