آخرین محصولات

Financial Accounting

Final Accounts are the accounts, which are prepared at the end of a fiscal year. It gives a precise idea of the financial position of the business/organization to the owners, management, or other interested parties. Financial statements are primarily recorded in a journal; then transferred to a ledger; and thereafter, the final account is ...

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FA END TERM MCQ.pdf

Rs. 200000 to purchase plant & machinery and Rs. 7000 for octroi for plant & machinery. What will be amount of deferred revenue expenditure? - Company paid Rs. 3000 on vehicle maintenance Rs. 10000 for conveyance Rs. 20000 for travelling Rs. 45000 for advertising campaign for launching a new product.

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Elements and Components of Cost | Definition and Formula

One example is octroi paid on the purchases of imported direct materials (if not added to their purchase price). 2. Indirect expenses: Expenses that cannot be allocated but can be apportioned to or absorbed by cost centers or cost units, such as rent, rates, taxes, insurance of the factory building, factory lighting, repairs, and so forth.

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Octroi

IS OCTROI Amount credited to sales or shown seperately under OCTROI AC? eg gross Sale Price Rs 100, octroiRs 10, VAt 5 % thereon Rs 5.5. which is the …

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From the following balances of M/s Jyoti Exports, prepare

From the following balances of M/s Jyoti Exports, prepare trading and profit and loss account for the year ended March 31, 2017 and balance sheet as on this date.1|c| Account Title 1c| Debit Amount Rs 1|c| Account Title 2* Credit Amount Rs Sundry debtors 9,600 Sundry creditors 2,500 Opening stock 22,800 Sales 72,670 Purchases 34,800 Purchases …

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DK Goel Solutions Class 11 Accountancy Chapter 9 Books of …

Jan 10 Purchased machinery for Cash Rs. 50,000 and spent Rs. 500 for its carriage. Jan 15 Paid Rs. 20,000 for cement, Rs. 10,000 for timber and Rs. 5,000 as wages for the construction of building. Jan 17 Purchased an old machinery for Rs. 20,000 and spent Rs. 2,500 on its immediate repair. Jan 20 Paid Rs. 500 to repairing some other machinery.

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After meeting between Mayor, MLAs and Industrialist octroi on …

After meeting between Mayor, MLAs and Industrialist octroi on spare parts & machinery to be reduced to 2.75% from 3% and for plastic material octroi reduced to 2% from existing 3%.

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From the following information prepare trading and profit and loss

3. Depreciation charged on furniture and fixture @ 5%, plant and machinery @ 6% and motor car @ 10% 4. A machine of Rs. 30,000 was purchased on July 1, 2011. 5. The manager is entitled to a commission of @ 10% of the …

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Octrois Definition & Meaning

1 : a concession or privilege granted by an absolute sovereign and serving as a limitation on his authority 2 a : a tax on commodities brought into a town or city especially in …

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Local Body Tax in Maharashtra – Highlights

Octroi v/s LBT: At present octroi is the main source of revenue of Municipal Corporations in Maharashtra. This is the exclusive State where octroi is levied. In fact it is not levy but it is forcibly collection at the check post. It is the spot of harassment for the traders. The presence of any provision of Law is always absent at the check post.

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Extinction event: how GST killed the octroi ecosystem

Then, just short of a month ago, on July 1, the Goods and Services Tax (GST), came into effect, replacing octroi, among other taxes and levies. It was like a meteor from outer space for the ...

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Trading and Profit and Loss Account

The profit and loss account is opened by recording the gross profit on the credit side or gross loss on the debit side. For earning the net profit, a businessman has to incur many more expenses in addition to the direct expenses. Those expenses are deducted from profit or added to a gross loss and thus, the resultant figure will be net profit ...

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ROHIT SARAWAGI

B – FINANCIAL ACCOUNTING 70 ROHIT SARAWAGI- 9899669913 Q.6 Maheer purchase a car on hire purchase system on April 1,1995, the total cash price of the car is Rs.3,30,000, payable Rs.1,00,000 on signing of the agreement and three equal annual installments of Rs.1,00,000 payable on 31st March for 3 years. Interest is charged at 15% …

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tds for clearing & forwarding agents

tds for clearing & forwarding agents. Sramesh (28 Points) 10 May 2007. payments made for services rendered by clearing & forwarding agents in respect of port services both imports & exports as agency commission & other expenses. whether tds has to be dedcuted u/s 194 c (ref query 6 of circular 715 dt 8.8.95) or 194 h ( commission or …

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exemption+from+octroi | Indian Case Law | Law | CaseMine

- The only dispute raised in this writ petition is, whether the petitioner is entitled to exemption from levy of octroi on building materials, plants, machinery and …

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Capital and Revenue Expenditures MCQs 2

Expenses incurred to bring fixed assets to the working site are: Revenue expenditures. Capital loss. Capital expenditures. Deferred revenue expenditures. 15. …

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OCTROI | English meaning

noun [ U ] uk / ˈɒk.trwɑː / us / ˈɑːk.trɔɪ / Add to word list (in some countries) tax that you pay on goods when you bring them into a particular local area SMART Vocabulary: related …

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Double Entry Book Keeping Ts Grewal 2019 Solutions for Class …

Chapter 10 - Trial Balance from Textbook (Double Entry Book Keeping Ts Grewal 2019) for Class 11 ACCOUNTANCY FREE Downloadable!!

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372 Accountancy

372 Accountancy Financial Statements - II 10 In chapter 9, you learnt about the preparation of simple final accounts in the format of trading and profit and loss account and balance sheet. The preparation of simple final accounts pre-supposes

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Tally Ledger Groups List (Ledger under Which Head)

Sales Account. All types of Sales Accounts like. Sales Local 12 % (Registered) Sales Interstate 12%. Sales Local Nil Rated. Sales Interstate Nil Rated. Salers Export With Bond. Salers Export Taxable.

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From the following information, prepare Trading Account for the …

Depreciation on: Building ₹ 15,500; Plant and Machinery ₹ 25,000; Computers ₹ 60,000; Goodwill written off ₹ 7,500; Patents written off ₹ 12,500. Q. From the following particulars of Evergreen club, prepare Receipts and payments Account for the year ended 31 st March,2019: (₹) (₹) Cash in Hand on 1st April,2018:

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DK Goel Solutions for Class 11 Accountancy Chapter 21

DK Goel Solutions for Class 11 Accountancy Chapter 21 Financial Statements Cost of Goods Sold = 0 + 6,50,000 + 70,000 – 0 = ₹ 7,20,000 3/4th of the goods is sold for ₹ 6,00,000

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Double Entry Book Keeping Ts Grewal 2019 Solutions for

Stock on 31st March, 2019 was ₹ 1,24,500. Rent was unpaid to the extent of ₹ 850 and ₹ 1,500 were outstanding for General Expenses; ₹ 4,000 are to be written off as bad debts out of the above debtors; and 5% is to be provided for doubtful debts. Depreciate Plant and Machinery by 10% and Premises by 2%.

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Managing Your Freight Costs with 3PL Freight Services | GTZ

Here are four considerations when learning to manage your freight costs with the help of 3PL services. 1. Understand How Your Freight Shipping Costs Are Calculated. Understanding how shipping companies rate your freight will help you prepare and budget before it's even time to ship. When calculating freight shipping rates, companies consider …

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Question

Click here👆to get an answer to your question ️ From the following balances of M/s Jyoti Exports, prepare trading and profit and loss account for the year ended March 31, 2012 and balance sheet as on this date.Account TitleAmt. (Rs)Account TitleAmt. (Rs)Sundry Debtors9,600Sundry Creditors2,500Opening …

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Supreme Court on customs duty on post-importation service …

Page 2 of 3 4. The Hon'ble Supreme Court also noted that under the purchase order, liquidated damages are only payable for the delay in commissioning the plant or failure to achieve its stipulated performance, both of which are post-importation activities.

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TDS Chart for FY 2023-24 (AY 2024-25)

TDS Rates Chart for FY 2023-24. Different TDS rates apply to different assessees based on the age and income bracket that they fall under. The TDS rates chart is predetermined, and the tax is deducted for different assessees based on these charts. TDS, or Tax Deducted at Source, is a sort of tax in which an individual is required to deduct tax ...

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3 transportation paid on purchase of machinery 4

3 Transportation paid on purchase of machinery 4 Octroi duty paid on machinery 5 from ACCOUNTING MISC at City School of Law, Quetta

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State Bank Of India vs Municipal Corporation Of Greater ... on 31

The goods were also assessed for octroi duty by the Municipal Corporation as per letter dated 18-8-1991. The appellant was directed to pay octroi duty at 4% on the entire value of the softwere including the license fee viz. US $ 4084475 as mentioned in the invoice dated 3-7-1991 Being aggrieved by the levy of customs duty, the Appellant ...

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Introduction to Final Accounts and Accounting Treatment

1. Introduction to Final Accounts. The primary function of accounting includes computing the net result of operations of the business for the current period. To meet out this purpose, Income statement and Balance sheet are prepared. These two documents are popularly called as Final Accounts. It is the last phase of Accounting Process.

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