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Account for Letter of Credit in the Books
How to account for Letter of Credit in the Books of Accounts of the Company ?
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VAT Submission to SARS
If my VAT input is a debit R 2000 (more credit notes issued than invoices) and I have input VAT of R 1000 - therefore my VAT claim is R 3000. How would I complete the SARS VAT201 form as it does not allow a negative standard rate to be entered
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TDS Rate for Land Purchase
What is the rate of TDS in puchase of land in corporation area in Kerala
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Handling Complex Financial Project
Describe a time when you had to handle a complex financial project with tight deadlines that required precision?
Application of relevant laws, codes & regulations ?
Auditing principles & practices ?
Analysis & reporting of financial data? -
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Service Tax
How to pass a JV when we receive bill including service tax? How to close this a/c?
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Order to Cash Process GL Impacts
What GL accounts are impacted during a typical Order to Cash process? During the Sales Order stage, the Fulfillment stage, Invoicing Stage, etc.
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Redundancy Payment
How do you calculate Redundancy payment?
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Nominal Ledger
What actually is a nominal ledger. I agree that a NOMINAL ACCOUNT includes all the profit losses purchase and sale But As a nominal accounts are kept inside nominal ledger, my accounting book has included CAPITAL as being in nominal ledger. Please explain what actually is it. What is the difference between nominal ledger and nominal nominal account. and how capital is in nominal account.
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Recording Damage Inventory in Books of Account
A person conducts business of cell phone but unfortunately some cell phone is damage and are not able to sales.
He recorded this loss in books of account through this below general entry of loss amount.
Cost of sales account (Dr.)
Inventory account (Cr.)
Is the above entry correct or not?
If not then tell how will you record... -
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Account Payable and Account Receivable Reconciliation
What is Account Payable and Account Receivable Reconciliation?
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TDS and Service Tax Collection
I want to know TDS will be collected in what percent. Service Tax in what percent generally they will collect. And other taxes also.
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Manual Debtors & Creditors Reconciliation
How would you do the Debtors & Creditors Reconciliation manually?
What are the steps you do for Debtors & Creditors Reconciliation manually? -
Cash Flow
Where do you put non current lease payment on a statement of cash flow?
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Tax, Accounting, Depreciation of Building
Mr.x purchased a building for 55 million dollars and took depreciation on it for complete 39 years and now his son want to sell the building but as he claimed the amount for complete 55 million through out the years. On what basis now he need to sell the building. For only 55 Million or For How Much?
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General Ledger Reconciliation
What is General Ledger Reconciliation?
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