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Answer Posted / rupali sawant
When cash deposited in Bank OR cash withdrawn from Bank
thease types of entry make in to conta voucher.
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What are the objects of cost accountancy?
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?
Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.
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