TDS means Tax Deducted at Source.

Ex:- We do certain jobwork to the parties and we raise the bill on the name of theParty. The party in turn gives us the Amount after deductingTDS amount to us and in turn the party would give usForm.16A Sales Tax TDS for the amount which has beendeducted. This Form should be submitted to the Auditorswhile preparation of Balance sheet for verification.
Loan of hypothecation: the borrower applies for the loan whether the application made is in the boundary line of the organisation, taking the proper help of documents provided by the organisation. Necessary documents are attached or not. Most important thing is the eligibility of the borrower to refund the loan. According to Maharashtra State Co-operative Credit Society Act 2002 the borrower is required to be the member /nominal member of the organisation. Borrowing limit is up to 25 Lakhs what is letter of credit: if one company imports goods from another company fromanother country then the imported company will approach bankfor issuing a letter. the bank will give assurance to theexport company. On the delivery of the goods the imported company will make payment what is the difference between PROVISION & RESERVE ? PROVISION : Provision is a charge to P&L a/c. RESERVE : Reserve is an appropriation of profit. provision : it is because of legal necessity. reserve : it is a matter of finavial prudence. provision : creation of provision decreases the funds of the business. reserve : creation of reserve increases the working capital of the business. provision : can be made irrespective of profit / loss reserve : cannot be made when there is loss. provision : are made against expected losses. reserve :safe guard against unexpected losses and there by to strengthen the financial position of the company

what is the difference between npv and irr method of capital budgeting and which one is better? NPV stands for net present value where as I.R.R stands forinternal rate of return.N.P.V is the difference betweenpresent value of cash inflow and present value of cash outflowor initial investment.I.R.R is the rate that equates present value of cash inflow with cash outflow.N.P.V is betterbecause it takes into consideration the time value of money. what is float discuss when the rate & prices are not stable that is float what is the difference between derivatives and swaps derivative is a product whose value is derived from an underlying asset in an contractual manner. swap is an agreement between two parties to exchange of cash flows in the future Company why should issue Debentures and shares, Which one should issue better for company and why? to raise capital it issue debentures and shares but if interest is low, company should go for issuing debentures because if it issue shares ownership dilutes it results decrease in EPS What do you mean by Forefieted shares forefieted shares means which unpaid by the investor to alloted shares. these are again sale to public is known as forefieted shares or buyback shares.

Journal entry of outstanding wages is Wages a/c dr TO O/s wages a/c

In the Above journal entry why outstanding wages has to be credited ? and o/s wages comes under which account, and why (Personal, Real, Nominal)

outstanding wages a/c is under personal a/c and wages a/c isunder nominal a/c.so debit all expences and losses.where inpersonal a/c cr is the reciever. what is the difference between profit and gain? gain can be anything over your cost,normally revenue over your cost is treated as gain while profit=total revenue-total cost,which is the net icome of the organization What is Mar-gen Of Safety ? it is not mar-gen of safety.It is margin of safety, which is the difference between actual sales and the break even sales. difference between shares and mutualfunds? shares belongs to one company and mutualfunds are combination of shares of difference companies. risk is very high in shares and comparitively less in mutual funds what is debit balance of p&l a/c show in asset side of b/s? Debit Balance of P&l a/c means the loss incurred by the company in an financial year (Expenses are more than Incomes) this is usually debited(-) to Reserves and Surplus in Liability side. But it is in practice to show it in Asset side, where in future this figure is written off on incomes pouring in. This is done to show a better Financial statement.

what is the diff btw charge and appropriation for charge.. DEPRECIATION CAN BE AN EXAMPLE.. whether thereis a profit or loss the depreciation is

charged to theprofit and loss account..for appropriation.. reserves or taxcan be taken as an example.. it can be only appropriated when there is a profit.. otherwise there is no appropriation.. for charge let there be a profit or loss it is valid.. appropriation is only valid when there is a profit. What is bank reconciliation statement? Bank reconcilation statement is a statement which is prepared by the business man to findout the error between cashbook & passbook What is Book Value? The value at which an asset is carried on a balance sheet. In other words, the cost of an asset minus accumulated depreciation. difference between Reserve capital and capital reserve Reserve capital if that part of reserve which may use on the event of winding off the company .... but capital Reserve is a part of profit share premium Share Premium means excess issue price over the face value What is the meaning of deferred revenue and expenditure These expenses are recurring for business growth,which is recurred but not reflected in P & L a/c because its a heavy expenses and its not be written off in single accounting year, but they write off in the next upcoming years. Example:- Heavy Advertisement expenses paid by any company as like, the company wants to change its logo or name that time company did expenses by heavy advertisement exps. and its not be write off in single accounting period. what is the difference between contra entry and double entry?

Double Entry: You've probably heard the saying, "Money doesn't grow on trees." It means that money must come from somewhere---it doesn't just "appear." Double-entry accounting is a method of record-keeping that lets you track just where your money comes from and where it goes. Using double-entry means that money is never gained nor lost---it is always transferred from somewhere (a source account) to somewhere else (a destination account). In GnuCash, this transfer is known as a transaction, and each transaction requires at least two accounts. Contra Entry: Contra entry is journal entry.It will be effect in two books one is cash book and another one is bank book.Now we will be take cash deposit in bank and entry will be come like this Bank A/c dr *** to cash A/c **** (cash deposit in bank) now here bank balance is increase and cash balances is dicrease and it is effected in both books. what is cash discount? It is allowed by the creditors to the debtor an incetives to thelater to make earlypayment. what is a capital budgeting capital budgeting is the long term finance technique where the current funds are invested and gets the benifits over a series of years....

What is consolidated financial statement. The combined financial statements of a parent company and its subsidiaries. WHAT IS RTGS RTGS means Real Time Gross Settlement.

It is related to wire transfere facility and it is introduced by banks when high value cheque clearing system was demolished by govt. what is mutual funds? It is an registred agency which is approved by National Stock Exchange for an ordinary population who are having intrest to invest their savings in the capital market without taking risks. The Mutual Funds are absorbing the funds from ordinary population and investing into huge companie and managing risks with the correct analysis. EOQ formula ? and tell me about that??? to be ordered at one time for purposes of minimizing annual inventory cost ROOT OF 2*A*CP/CH A = Demand for the year Cp = Cost to place a single order Ch = Cost to hold one unit inventory for a year * =