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What is doable?
adj. Possible to do. adj. Possible to do.
What are the treatment of over and under absorption overhead?
it can be treated 3 different Way as follows 1. carry forward next year of over and under absorption overhead 2. it is transfer to costing P\ L 3. adjusted supplementary rate on output------ in this method supplementary rate adj on sale unit , transfer to P\L DR and closing stock ,for determine future rate.
Journal entry income tax paid from own account?
Accounting Treatment relating to Income Tax is as follows:(1) At the time of paying advance tax:Advance Income Tax Paid A/c Dr.To Bank A/c(2)At the time of making provision for Income tax Liability:Profit & Loss A/c Dr.To Provision for Income Tax A/cFrom here onwards you will have to make proper assessment year wise reconciliation of both the accounts ie Advance Income Tax Paid A/c & Provision for Income Tax A/c. This is to be noted that every Assessment Year is separate in Income Tax. (This is to be noted that in case of an assessee who is not in default Advance Tax deposited will always be greater or equal to Provision for Income Tax. Provision for Income Tax is nothing but current Tax as per the AS-22.)(3) At the time of making self assessment payment, the entry will be same as in (1) but the narration will mention that it is a self assessment tax for the AY 200X-XX.(4) when the Assessment gets completed there are few situations arises:when our income is assessed without making any dis-allowance & charging any interest :Provision for Income Tax A/c Dr.To Advance Income Tax Paid(with the amount of Provision for Income Tax for the AY 200X-XX)when our income is assessed without making any disallowance but after charging interest eg u/s 234 : In this case the AO will issue the Demand letter u/s 156 for the payment of tax calculated under assessement , because as per rule tax paid is first adjusted towards the amount of interest due. He can also adjust this amount with any other refund which might due to you in respect of any other Assessment Year.Along with the entry passed under situation (a) , the following entries will be passedInterest Paid - Others A/c Dr.To Bank A/cIn case it is adjusted with the refund of any other Assessment Year, then the entry will be:Interest Paid - Others A/c Dr.To Advance Income Tax PaidIn this case you must make it sure that the narration clearly mentions the assessment year of which refund is adjusted against the demand. Also you will have to make proper adjustment in your reconciliation of Advance Income Tax A/c & Provision for Income Tax A/c in concerned AY.(c) When Income is assessed with some dis-allowance & Interest payable:This means that we have to pay tax demanded by AY.Income Tax Provision A/c Dr.To Advance Income Tax Paid A/c(with the amount provided for the respective Assessment Year)Income Tax Provision for earlier years - Written Back A/c Dr.Interest paid - Others A/c Dr.To Bank A/c (if paid through Bank)To Advance Income Tax Paid A/c (if adjusted by AO with refund of other AY)(with the amount of Additional Income Tax Liability arises on assessment & Interest payable )# This is to be noted that refund is not an Income from the Assessee point of view, However the interest received on refund is indirect income to be shown under other incomes.In (ii) Case, if there is interest on refund which is also adjusted with the tax demand then the entries will be:Income Tax Provision for earlier years - Written Back A/c Dr.Interest paid - Others A/c Dr.To Bank A/c (if paid through Bank)To Advance Income Tax Paid A/c (if adjusted by AO with refund of other AY)To Other Income (with amount of Interest recd. on refund which is adj. against tax demand)(with the amount of Additional Income Tax Liability arises on assessment & Interest payable )Note:- This is to be noted that in case tax on returned income is not equal to Current Tax Provision for the year, then you will have to pass the following entries to make it equal to tax on returned income (Reason for inequality may be the mistake or error that might have occurred at the time of making provision).Case (a) - When tax on returned income is more:It means you have made less provision for the Assessment Year, now you have to make the remaining provision. Now the entry will be:Income Tax Provision for earlier years - Written Back A/c Dr.To Provision for Income Tax A/cCase (b) - When tax on returned income is less:Just pass the reverse entry as passed in case (a)
What does BANKCARD BTOT ADJ mean?
he BTOT abbreviation stands for “batch total.” It precisely will align with your batch deposits for the day. BTOT comes once a day, but there's no guarantee that you will get your bank deposits from a credit card processor in a BTOT form.
What does mbs adj on a bank statement mean?
On a bank statement, MBS ADJ stands for manual bank statement, adjustment. This is done when the electronic bank statement is not working and the adjustment is being done manually.
What does the term motn adj dism mean in criminal court?
what does moth adj dism mean
What do you mean by adj in economy?
Adj means Adjusted by some factor.
What does the abbreviation adj mean?
"adj" is the abbreviation used for the word "adjective".
What does the letter adj mean after the cynical mean?
In a dictionary, the letters "adj" after a word mean that the word is an adjective. An adjective is a word that qualifies, or gives additional information, about another word, usually a noun.
What is the synonym for synchronistic?
coeval adj. coevally adv. coexistent adj. coincidental adj. coinstantaneous adj. concomitant adj. concurrent adj. concurrently adv. contemporaneous adj. contemporaneously adv. at once gleichzeitig at the same time simultaneous adj. simultaneously adv.
What other words can you use other than fast?
apace adv. [poet] brisk adj. briskly adv. expeditious adj. expeditiously adv. mobile adj. nippy adj. (Brit.) [sl.] prompt adj. quick adj. quickly adv. rapid adj. rapidly adv. slippy adj. spanking adj. speedily adv. speedy adj. swift adj. swiftly adv.
Do concise and verbose mean the same thing?
These words mean totally opposite things, in other words they are antonyms. While concise (adj.) means short, brief - verbose (adj.) means lengthy,wordy.
What is the word rude in portuguese?
rude n.m.,f.1. boor n.2. brute n.rude adj.1. blunt adj.2. boorish adj.3. brusque adj.4. crude adj.5. rude adj.rude (adj.]brutal adj.
What does neurotoxic mean?
ADJ. Poisonous to nerve tissue, as to the brain or spinal cord.
What does the word langan mean?
adj. describes someone lazy and worthless in nature
