Here is Portfolio page of Jeeba, with all his work

How will you vouch and/or verify the following:(a) Goods sent out on Sale or Return Basis.
In case of goods sent on sale or return basis
1. Check whether a separate memoranda record of goods sent out on sale or return basis is maintained.
2. See the price of such goods on the sales account and the trade receivable’s record. Confirm from the memoranda account that on the receipt of acceptance from each party, his account has been debited and the sales account correspondingly credited.
3. Check that in case of expiry of a period of approval at the end of the year either have been received back subsequently or customers’ accounts have been debited.
4. Ensure that goods sent out on approval in respect of which the period of approval had not expired till the close of the year are included in the closing inventory.
Write down the difference between electronic cheque and paper cheque?

An e-cheque is a cheque generated electronically and issued by a person without using paper.
An electronic cheque can be protected against any fraud by encoding sender’s account number with the bank’s public key thereby not revealing the sender’s account number to the merchant. As with the SET protocol, digital certificates can be used to authenticate the payer, the payer’s bank, and bank account.
However, no such encoding of sender’s account number is possible in case of paper cheque. E-cheque are faster and more convenient than paper cheque. It is environmentally friendly too.
How much will be the GST on sale of under construction property by a buyer?

The rate of GST in case of sale of the under-construction property is 12%.
What do you mean by marketing mix?

It is the most effective marketing strategy for the overall competitive marketing. It is the set of controllable marketing variables that the firm blends to produce the response it wants in the target market. The marketing mix is the way of doing that the firm can do to influence the demand for its product.
The main consideration of this strategy is on 4Ps i.e. product, price, place and promotion. An effective marketing program blends all of the marketing mix elements into a coordinated program designed to achieve the company’s marketing objectives by delivering value to consumers. A company trying to keep the prices of new brand of ice creams too low is trying to penetrate the market. In penetration prices are initially kept at relatively low levels. This is done to attract customers. It is expected that the price sensitive customers will switch to the new brand because of the lower price. The strategy helps in increasing market share or sales volume.
What is the rate of GST on the renting of commercial property?

Renting of immovable property is treated as supply of services and it is liable to GST at the rate of 18%. Further, the person paying rent can claim the Input Tax Credit on GST paid on rent.
How is a arrear of salary taxable?

Salary is chargeable under tax on due or payment basis. Since arrears of salary can not be taxed on due basis. If you have received a arrears of salary, then it shall be treated as income from salary in a year when it received. However, you can avail the benefit of relief under section 89 while calculating the tax payable on arrears of such salary.
Explain an Audit enquiry under Section 143(1) of the Companies Act, 2013.

The company act states that an auditor is required to make an enquiry and report if he is not satisfied in respect of the following matters-
(a) whether loans and advances made by the company is properly secured and whether the terms and conditions made are prejudicial to the interests of the company or its members;
(b) whether transactions of the company which are represented merely by book entries are prejudicial to the interests of the company;
(c) where the company not being an investment company or a banking company, whether assets of the company as consist of shares, debentures and other securities have been sold at a price less than that at which they were purchased by the company;
(d) whether loans and advances made by the company have been shown as deposits;
(e) whether personal expenses have been charged to revenue account;
(f) whether detail of cash is maintained properly.
What is the time of supply of service under the reverse charge mechanism?

In case of reverse charge, the time of supply shall be the earliest of the following dates: 1. The date of payment 2. The date immediately after 60 days from the date of issue of invoice by the supplier 3. If it is not possible to determine the time of supply, the time of supply shall be the date of entry in the books of account of the recipient.
What is Tds?

TDS is a collection of tax at the source of income. It states that if you are making a payment like salary, rent, interest and so on you have to deduct tax and deposit to the specified bank by the central government.
Thus, it is a payment of tax to the government at the source of income. It will consider while filing the return with the total tax payable by you

Here is business page of Jeeba, with all his work

About Portfolio

My dear ,

My dear ,

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Here is business page of Jeeba, with all his work

About Portfolio

My dear ,

My dear ,

Do you want to subscribe ? I would give you a free coupon to help you start calling.

Ok , no issues, if you have a question then you can try the search feature at quaremon.

Hi Thakurani,I want to deposit in my accountThanks,

Hi Thakurani,
I want to deposit in my account
Thanks,