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WHAT ARE THE TDS RATES ON VAT IN ANDHRAPRADESH STATE.
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Answer Posted / auxilia
Professional Fees 194 J 10%
Rent 19I 10%
Contract indiviual 1% Company 2% 194C
VAT In Andhrapradesh State
inputs taxed at 14.5%
outputs taxed at 5%.
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hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
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