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Answer Posted / sunil
it is type of payment made to govt.,which calculated on the income earned. tax is not liability for us , it is responsibility.every person is responsibe to pay taxes on the prescribed rates.
it is revenue for the govt.,which is utilised for the development of the country.
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Plz send me the questions that could be asked in an interview for a Bank Clerical job to suja_aln@yahoo.co.in. Thank you.
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Provision of Bad Debts is made in compliance with the convention of -----------
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respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
