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Expenditure incurred for the innovation of Guest house
building is revenue nature or capital nature ??
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When a company s accounting year-ends on a day that is other than the end of the calendar year what is called in accounting?
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
how sales invoices adjusted against advance received from Debtor?
How Can We Justify the,Real A/C & Nominal A/C?
My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.
What is the definition of offset accounting?
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
Do you know what is balance sheet?
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.
Private purchases amounting to rs 5000 have been debited to purchases account
input vat, wht use in wct
please explain all accounting concepts n conventions in detail
service tax calculated on agreement value or market value whichver is higher for builders?
How to prepare finalization accounts?
