Purposes of pass book
Describe briefly the purposes which cause pass book of the bank and your bank book not tally?
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- Cheques deposited in the bank however not yet collected
- Cheques issued however not yet presented for payment
- Bank charges
- Amount collected through bank on standing instructions of the apprehension.
- Amount paid through the bank on standing instructions of the apprehension.
- Interest debited by the bank
- Interest credited by the bank
- Direct payment by customers in the bank account
- Discredit of cheques
- Clerical errors
According to Income Tax Act, 1961what technique of depreciation calculation is employed to evaluate the tax liability?
Briefly describe Written down Value (or Reducing Balance) method to compute depreciation?
Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% Firm is proposing to buy the new plant that could generate extra annual profit of Rs. 10,000. The fixed cost of new plant is expected to Rs. 4000. New plant would increase sales volume by Rs. 40,00
The concept of marginal costing practically applied?
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
What are the responsibilities in accounts receivable?
What do you mean by the term User Account? Explain in brief?
Give a brief introduction of the term EOQ?
Give brief introduction of Accelerating Premium System of premium payment?
Give a brief introduction of the term capital market?
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