Accounts
This query is : Resolved
26 August 2014
The manager earned a commission of Rs.25,000,which is based on 10% of Net Profit.
If sales is Rs.3,50,000 is more than purchases.
No opening and closing stock.Find Direct and Indirect expenses?
a)Rs.75,000
b)Rs.1,00,000
c)Rs.2,50,000
d)Not attainable
27 August 2014
If commission is 10% profit, then profit before commission is 250,000. Since Sales amount is 350,000 other costs would be Rs. 100,000.
27 August 2014
it will be rs. 1000000/- diff of sales and purchase.
27 August 2014
it will be rs. 1000000/- diff of sales and purchase.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
