What are alpha and beta
Question
Accounts Tax GST
April 6, 2018, 3:22 p.m.
Answer
Whether the provision of 80TTB amended for the year 2018-19 which allows deduction upto Rs.50,000/- on interest income are applicable on interest earned in Senior Citizen Scheme 2004 and interest earned on RBI Bonds.
Maths
April 6, 2018, 7:21 a.m.
Answer
If (vector a × vector b).Vector C=0 then prove that vector a ,vector b and vector C are coolant.
Explain this sum please
Only entry Building A/C Dr 13500000
To Building WIP 13500000
Only entry Building A/C Dr 13500000
To Building WIP 13500000
Term Loan for Asset Purchase
Building purchased for 100 lacs.from Ajay Properties on 1 July 2016
Amount spent on further construction =20 lacs
Total Project Cost=120 lacs
ICICI Bank gave loan at 75% of project cost @ 10% p.a
(120 lacs*75%=90 lacs)
Whoie amount repaid after 6 months including interest
Construction was complete by 31 Aug 2016
Pass Entries for Asset Purchased,Loan Taken,EMi and Interest Repaid
Maths
April 6, 2018, 6:35 a.m.
Answer
Explain this sumOn 1 st july:
Building WIP Dr 10000000
To Ajay Properties A/c 10000000
(Being building purchased.)
Loan from ICICI bank:
Bank A/c Dr 9000000
To ICICI 10% Loan A/c 9000000
( Being loan amount received.)
Building WIP Dr 2000000
To Bank A/c 2000000
(Building construction charges)
Interest on loan from ICICI bank (1 st july to 31 st August 2016)
Building WIP A/c Dr 150000
To ICICI 10% Loan A/c 150000
(Being interest on loan during construction is capitalized.)
Interest on loan from ICICI bank ( 31 stAugust 2016 to 31 st December 2016)
Interest On Loan A/c Dr 300000
To ICICI 10% Loan A/c 300000
(Being interest on loan charged after Construction Completed booked as expense)
Building Dr 13500000
To Building WIP Dr 13500000
(Being construction of building finally completed.)
Repayment of loan:
ICICI 10% Loan A/c Dr 9450000
To Bank A/c 9450000
( Being loan repaid.)
Explain this sum
On 1 st july:
Building WIP Dr 10000000
To Ajay Properties A/c 10000000
(Being building purchased.)
Loan from ICICI bank:
Bank A/c Dr 9000000
To ICICI 10% Loan A/c 9000000
( Being loan amount received.)
Building WIP Dr 2000000
To Bank A/c 2000000
(Building construction charges)
Interest on loan from ICICI bank (1 st july to 31 st August 2016)
Building WIP A/c Dr 150000
To ICICI 10% Loan A/c 150000
(Being interest on loan during construction is capitalized.)
Interest on loan from ICICI bank ( 31 stAugust 2016 to 31 st December 2016)
Interest On Loan A/c Dr 300000
To ICICI 10% Loan A/c 300000
(Being interest on loan charged after Construction Completed booked as expense)
Building Dr 13500000
To Building WIP Dr 13500000
(Being construction of building finally completed.)
Repayment of loan:
ICICI 10% Loan A/c Dr 9450000
To Bank A/c 9450000
( Being loan repaid.)
ABOUT BUILDING PURCHASE 100LAC SUM ISSUE IS ONLY I WANT TO KNOW HOW TO PASSING ENTRY WITH 13500000
BUILDING WIP DR 13500000
TO BUILDING 13500000 PLEASE EXPLAIN
BUILDING WIP DR 13500000
TO BUILDING 13500000 PLEASE EXPLAIN
Screenshot_20180405-224702.png
If a company worked with a creditor on regular basis and creditors shows Debit balance then what should we do?
1) creditors shown in current liability.
2) credited for shown in loans and advance
According to second point of this screenshot
If a company worked with a creditor on regular basis and creditors shows Debit balance then what should we do?
1) creditors shown in current liability.
2) credited for shown in loans and advance
According to second point of this screenshot