SIR I HAVE QUERY OF RA BILL SALE ENTRY...
PLEASE TELL ME THE ENTRY SALE IN FOLLOWING RA BILL TRANSACTION..
1)WORK DONE :Rs 100
2)MATERIAL ADVANCE : Rs.100
3) TOTAL Rs.200
4)(LESS)i)SECURITY DEPOSIT 5%:Rs.5
ii)TDS : Rs.2
iii)wct : Rs.1
5)AMOUNT PAYABLE : RS.192..
PLEASE TELL ME ENTRY OF SALE IN THIS TRANSACTION..AND ALSO TELL WHOLE ENTRY OF THIS TRANSACTION..
THANKS
a mobile recharge shopkeeper received value amounting Rs 50000 from Reliance to recharge customer's mobile no. & he treated the above mentioned value as his purchase. if some amount is still left at the year end, can we treat that amount as closing stock.
Answer nowOne of my client is construction company and he prepared his contract account for 2012-13, in which he stated work certified as sales..Now in the current financial year (i.e. 2013-14) he realize his mistake and want to change his sales into work certified, which done previously..he can do so. if yes then what kind of disclosure may be made in his notes of account..
Answer now
Where should TDS on Grooving Charges go in the Financial Statement(in trading or in P and L Account)
Here is a query :
"Mr A" opens a Savings Bank Account in a certain Bank. He signs as "Mr B". Will it be a valid signature ?
Does a Bank Manager have authority to ask Mr A to sign as "Mr B" only as he is Mr A and not Mr B ? Isn't it infringement over the right of a customer ?
Dear Sir ,
We have paid TDS for 2013-14 for our Employees . Now we want to recover that TDS Amount .So what will be the Entry while paying that amount if we will recover that particular amount while paying the Salary ?
We made Bank transfer for Salary .
For Example : Employee - A Gross Salary Rs.30,000.00 TDS Recovery - 4290.00 Net Bank Transfer Rs.25710.00
Kindly Explain.........
its a practical question
FA opening value is 90625.26
addition on 14/08/2013 is RS.20000
and a claim received on 19/03/2014 Rs.200400
how to show these transactions in statements& its income tax application??
How to treat revenue in balance sheet. Where it is shown in balance sheet and financial statements and under which head?
Answer nowSir / Madam
Kindly explain what is the accounting treatment in case of loss in hedge contract.
Regards
Mansi
Please tell what are the new rates of 'Provision for Doubtful Debts' which are applicable for IPCC Nov exams ?
Answer now
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
Ra bill sale entry