Lokesh M

 Profile Answers by Lokesh M Questions by Lokesh M

• Feb 7th, 2012

Some methods to allocate support cost are:

1. Direct Allocation Method
2. Step-Down Method (also known as Sequential Allocation Method)
3. Reciprocal Method

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cyberfrau

 Profile Answers by cyberfrau Questions by cyberfrau

• Dec 2nd, 2011

As they would anywhere - problems arise when we do not conform to requirements. Having said that, sometimes problems arise because the requirements are not correct. Root cause analysis recommended.

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Lokesh M

 Profile Answers by Lokesh M Questions by Lokesh M

• Feb 7th, 2012

- Gather, transfer and transmit complete information and details related to credit claims such as identification, assessment and valuation - Assign of identification numbers for the claim - Check eli...

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sk.khadar mohiddin

• Feb 2nd, 2012

At first I would like to know what is the defective conditions the industry faced now. After that make to change the condition with effective manner. If i make the situations effective, automatically set the position of accountancy also.

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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...

Salah

• Aug 26th, 2016

If the damage is immaterial, the JV is right but if it is material then you must raise another JV.

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Procedure of Vat and its return filing with full details?

Dharmesh

• Mar 24th, 2013

Prepare 201 This is a summery of all purchase and all sales All purchase including folloiwng Taxable purchase on which In put tax credit is receivalbe Taxable purchase on which In put tax credit is n...

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Hemant

• Mar 19th, 2014

Standard remittance is the part credit sales against any other documents.Bill receivable remittance is the part of credit through Bank.

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Power Bhd is considering raising new finance by a right issues of 2million new ordinary shares of RM0.50 each at RM1.60. Currently the share price is RM1.80 and the issued ordinary share capital is RM8million. Shareholders are entitled to 2 new shares for every 8 shares held.

(a) How much will be raised by the new issues if issue cost are 3% of the gross proceeds?
(b) What will...

amit singh

• Oct 16th, 2013

Finance means it is the provision of money at the time when it is required for the business. its inflow and outflow of the business. without money their is money.

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Can anybody give me example regarding trading applications i.e. what are the Sample Test Plan/Test Cases for trading applications???

Hemant

• Mar 19th, 2014

Trading application is the part of trading business.the business which transaction made none productable business.

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hi, I need information about financial and cost accounting in MRO Center (aviation) .

Shrutika Rastogi

• Jul 18th, 2014

Financial?accounting?deals?with?arrangement?of?funds?whereas?cost?accounting?deals?with?management?of?cost?and?cost?centers,cost?control.

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What is the difference between Master Data Goverance and Master Data Management?

Arvind

• Aug 9th, 2014

Management is an age-old term that is synonymous with ADD/MOD/DEL of Master Data (master data is those bits of info which dont change or change very rarely, for ex Customer details like Name, Address,...

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If my companies service tax is paid by my own a/c. After that my company pay the amount to me by issuing a cheque for me, then what is the journal entries for all this and how should I pass the entry in Tally?

Prashant

• Jul 13th, 2015

Create an Imprest Account in name of Individual paying the service tax. Entries will go like this 1- Service tax payable a/c Dr. ........... To Indiv. Imprest A/c ......

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What is the rate of TDS in puchase of land in corporation area in Kerala

A.S.Madhavan

• Nov 11th, 2015

Purchase of property does not attract TDS as there is no service involved, commission/brokerage for purchase of property can be charged with TDS @2%.

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In addition to trade discount the party has also given cash discount at the time of making complete payment how the same is accounted?

MURUGAN A

• Jul 21st, 2018

Bank account A /c dr.
cash discount A/c dr.
Customer A/c

Note : trade discount should not account.

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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?

veena

• May 9th, 2017

55 million dollors and above

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I want to know TDS will be collected in what percent. Service Tax in what percent generally they will collect. And other taxes also.

Manjunath.kotagi

• Dec 4th, 2016

For service rendered invoice we need to deduct TDS, if vendor Pan# 4th letter is P we have to deduct 1% on base amount, if 4th letter is C or F or any, we need to deduct 2% TDS, if the invoice related...

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In case of credit sales return, debit the sales ledger and credit the party ledger is this true or false

Vinod kumar Reddy

• Nov 21st, 2018

True
when credit sales happen then the entry will be
Debtor/third party a/c DR
To Sales a/c CR
when those sales are returned then the entry will be
sales return a/c DR
To Debtor/third party a/c

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Provision entries cannot be recorded in Tally ERP 9 is this true or false

priya verma

• Jan 22nd, 2019

Yes, provision entries can be entered in tally erp9

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rama krishna, chirala

• Jul 26th, 2007

Generally accounting is the art of recording, clasyfing ,and summarising the business transactions. here the second one classifying which deals with the partitioning of activities in different groups

giri

• Mar 24th, 2006

Partitioning is nothing but grouping based on the cluster which is similar kind of response by a system..

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Rashmi_Nair

 Profile Answers by Rashmi_Nair Questions by Rashmi_Nair

• May 28th, 2008

An Inactive Account is A brokerage account in which few transactions take place. Some brokerage firms levy a fee on accounts in which securities are deposited but no activity occurs during a spec...

satya

• Aug 20th, 2006

Dormant accounts are those accounts in which there are transactions in the recent history(the stipulation may vary according to the company's rules).  InActive accounts are those accounts in which transactions are being made for long time.

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