Accured income means outstanding income

It means that the income which is receiavable

we have to show at Assets Side

For Example during the financial year Purchase is 100000
and sales 150000  
profit = 50000

we recieved 40000 during the year and remaining 10000
is accrued income.

Imp: we have to add 10000 to Sales  ( 40000+ 10000 )and 
again we have to show assets side

The income which is earned by the business but not yet
received. 
All receivables are called accrual incomes

Income earned but not received.  (The goods or services 
provided but the benefit yet to be received)

If fd is made for 2 years, interest is rs. 2000/- for 2 
years. acutually recd. after maturity of 2 years. But at 
the time of closing for 1st year, we have to record rs. 
1000/- as a interest receivable.

The term "Derivative" indicates that it has no independent 
value. its value is entirely derived from the value of the 
underlying asset.The underlying asset can be 
securities,commodities,bullion,curriency,live stock or 
anything else.In other words, Derivative means a forward, 
future, option or any other hybrid contract of pre 
determined fixed duration.

derivative is a indextation, because we know price of 
articles of past and future by derivative

derivative means underlying asset where entering in to the 
contract

Zero balance clearing a/c is used for inter branch account. 
it should be compoulsary zero balance.

to find out true & fair view of the organisation.

AN AUDITOR WHO CAN MAINTAIN THE FINANCIAL STATUS OF AN 
ORGANISATION , THATS THE ONLY REASON I WANT TO BE AN AUDITOR

AN AUDITOR WHO CAN MAINTAIN THE FINANCIAL STATUS OF AN 
ORGANISATION , THATS THE ONLY REASON I WANT TO BE AN AUDITOR

194C Contract - company TDS-2% SC-10% Cess-3%
194C Non Company   TDS - 2% Cess-3%
194C Advertisment  TDS - 1% SC-10% Cess-3%
194I Rent (120000)Individual -TDS -15% SC-10% Cess-3%
194I Rent (120000) company - TDS 20% SC-10% Cess-3%
194J Professional Charges  -TDS 10% SC-10% Cess-3%
194H Commission           TDS 10% SC-10% Cess-3%
194A interest other than
     securities-Individual TDS 10%  SC-10% Cess-3%
194A Interest other than
     securites -Company    TDS 20% SC-10% Cess-3%

Alteration of a firm's financial statements to account for 
changes in the purchasing power of money. With inflation 
accounting, gains and losses from holding monetary items 
during periods of changing prices are recognized. Likewise, 
long-term assets and liabilities are adjusted for changing 
price levels. Inflation accounting is used to supplement 
regular financial statements in order to illustrate how 
changing price levels can affect a firm. Also called 
general price level accounting.

cash is monitery term

money direct payment is cash
bank is a big area transactional of money

A put option is an option contract giving the owner the
right but not the obligation to sell a specified amount of
an underlying security at a specified price within a
specified time.
A call option is just opposite to that giving the owner the
right to buy the security.
Mutual fund is an investment vehicle that is made up of pool
of funds collected from many investors to invest in
securities like stocks, bonds, money market instruments and
similar assets.

Auditing is the verification of financial position as is 
disclosed by the balance sheet and the p/l a/c

auditing is verification,checking,scrutinizing,ascertaining
the books of the accounts in a systematic manner of
financial accounts

Audit is such an examination of books, accounts and 
vouchers a business, as will enable the auditor to satisfy 
himself that b/s is properly drawn up, so as to give a true 
and fair view of state of affairs of the business and 
whether p & L a/c gives a true and fair view of proift or 
loss for financial period according to the best of his 
information and the explanations given ti him and as shown 
by the books. 

Whereas auditing is a systematic examinaton of the books 
and records of a business or other org., in order to 
ascertain or verify and to report upon the facts regarding 
its financial operations and the results thereof

yes, When Your Tds Amount Exceed of Rs. 20000/- Per Month 
or Rs. 50000/- Annualy then tds is Applicable. The 
Percentage will be calculated based on the services like, 
Contact, Sub-Contract, Prof. etc

If it is a contract then tax is 2% surcharge 10% Edcucation 
Cess 2% and Hr.Education Cess 1%

if your payment for dyeing charges to a same party(outside
party other than your employee) exceeds Rs.20000 or your
total annual payment to a same party exceeds Rs.50000 you
need to deduct TDS at the rate of 2% plus surcharge 10%(if
your total annual payment to that party exceeds one crore)
plus e.cess 3%. This comes under TDS on Contract.

Ownership interest in a corporation in the form of common 
stock or preferred stock.

Equity in financial terms:-

Equity capital generally is composed of funds that are 
raised by a business in exchange for an ownership interest 
in your company.

Market Capitalisation refers to the total market value of 
the organisation at any given point of time.

Market capitalisatio = NO of shares * Market Value per share

MV per share = EPS*P/E Ratio.

EPS = Profit after tax/NO of share outstanding.