Dear Chartered Accountants and knowledgeable persons
1.what is mean by C/D and B/d in final accounts , why we are using this in final accounts and where we have to use please clearly explain me.
2. what is mean by AMT in income tax concept who all are eligible to get that any threshold limit
3.As per income tax ,Tax payable concept for an example if the total income RS 6,50,000 means what is the percentage of tax rate and how to calculate tax payable I need a calculation please explain me
Answer need my dear persons
Hello,
1.C/d means carried down
B/d means brought down
It is used in all ledger a/c as all the accounts are not closed when it is opened.
There is some balance to be payable or receivable in such a/c.
So the closing balance of such a/c is carried forwarded to next a/c and it is brought forwarded from such a/c.
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