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Act 32 is a law that streamlines and standardizes the local earned income tax system. Act 32 requires uniform withholding of earned income taxes and remittance to a single local collector or Tax Officer. The act applies to the earned income taxes levied and collected after December 31, 2011.

1Thank You

Divya Jain 3 years, 9 months ago

If it is for long term then it will come under non-current liabilities (sub head - long term borrowings) but if loan is taken for short period of time then it will come under current liabilities (sub head - short term borrowings)

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Y Ltd. forfeited 500 shares for non payment of allotment and first call money. 2 on application , 3 on allotment (including premium of 2) and 2 on first and final call. Half of these shares are re-issued as fully paid up on 10. Pass the journal entries.

X Ltd. forfeited 100 shares for non payment of allotment and first call money. 2 on application , 3 on allotment (including premium of 2) and 2 on first and final call. Half of these shares are re-issued as fully paid up on 10. Pass the journal entries.

Sachin Kori 3 years, 10 months ago

1. Comparative statement with interpretation 2. Common size statement with interpretation 3. Ratio analysis any 15 with interpretation 4. Cash flow analysis with interpretation

If company can't call full amt on the shares(i.e. if share is of ₹10and company call only for ₹8)then in this case these shares are shown in heading subscribed &fully paid up

Muhammed Rayhan 3 years, 9 months ago

Tounament expense show in in.&exp. A/c, if excess receipt of tounament...... And (-) from tounament funds, and tounament donation. If tounament fund 10,000 Tounament donation 5,000 Tounament expense 20,000 10,0000+5,0000-200000 = 500,000 its show in in. & expenditure Account

Mohd Muaz Malik 3 years, 10 months ago

Tounament expense show in in.&exp. A/c, if excess receipt of tounament...... And deduct from tounament funds, and tounament donation. If tounament fund 10,000 Tounament donation 5,000 Tounament expense 20,000 10,000+5,000-20,000 = 5,000 its show in in. & exp. A/C.....

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