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You have been asked to ready a bill for services. What information should be contained in the bill?
Ans) Service Provider's Details (i.e) Organization name and address.
Service Receiver's Details (i.e) Organization name and address. Details of the service (i.e) for eg: Advertisement charges/Dying charges Tax (i.e) Service Tax on total chargeable amount and cess or sur-charge on service tax. And if there is any Expenses or abatements incurred by the service receiver less all those things and determine service Tax and the cess for the balance amount.
Q. What do you mean by Inventory turnover? Inventory turnover -- a ratio which indicates amount of inventory a company uses tosupport a given level of sales. Formula is: Invent
You just took out a variable-rate mortgage on your new home. The mortgage value is $100,000, the term is 30 years, and initially the interest rate is 8%. The interest rate is fixed
Q. Taking a physical inventory in periodic inventory procedure? Taking a physical inventory in periodic inventory Procedure Company personnel determine ending inventory cost by
Advantages of setting Accounting Standards: 1. Setting of Accounting Standards will decrease the variations in the preparation of financial statements significantly. 2. Sett
Find the balance at the end of 6 years of $5000 investment in an account with a nominal annual rate of interest of 2.5% compounded quarterly over the first two years and then gro
Users cannot access the simultaneous programs ( just like Forms) until unless the program is attached to a responsibility by a ?Request Group?. Therefore the responsibilities give
The trial balance of Bellemy Fashion Center contained the following accounts at November 30, the end of the company’s fiscal year.
what is assets and its type ?
State the term - Partnership A partnership exists where at least two individuals carry on a business together with intention of making a profit. Partnerships have much in commo
Elaborate the consequences of non-compliance of each of the accounting concepts.
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