Answer Posted / hemanshu

OWNERS OR PARTNERS OR SHARE CAPITAL ARE ALSO SHOWN AS A
LIABLITIES IN ORGANISAION. BCOS IT IS THE VALUE FROM THEN
THE BUSINESS CAN RUN. AND ONCE PROFIT GENERATE IT SHOULD BE
ADDED IN THIS VALUE. THEREFOR IT SHOWN AS A LIALILITES SIDE.

I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

1960

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in Tally what is cost cenre,cost categori and why we need to prepare them

2067

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dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?

1467

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What is fbt (fringe benefit tax)?

1125

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what do you mean by Firm

1619

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If a prospective client kept presenting you with excuses not to buy, what would you do?

1131

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Tell me do you think accounting standards are mandatory and why?

1128

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Tell me what do we mean by purchase return in accounting?

1147

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1)What is E-1 Sales (Sales in Transit) Full Guidence From Issue to receipient. 2) What is F Form How Are procedure

1840

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Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income

1808

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is WCT aplicable on educational institutions also??????

1837

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List of Indian accounting standards and international financial reporting standards

1729

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Do you have any professional experience in this field?

1035

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What does a demo/presentation need to be effective?

942

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Cash Processing

2395

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