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What is Business?

Answers were Sorted based on User's Feedback



What is Business?..

Answer / ellipila.sirisha@gmail.co

Business means any activity undertaken for earning a
profit . business includes trade , manufacturing.

Is This Answer Correct ?    3 Yes 0 No

What is Business?..

Answer / amit pandey

BUSINESS STANDS FOR ANY ACTIVITY OF BUYING AND SELLING
GOODS AND SERVICES FOR THE WANT OF MAKING PROFIT.

Is This Answer Correct ?    1 Yes 0 No

What is Business?..

Answer / sheetal kumar garg

Business is a activity which take earn the profit in
financial year.

Is This Answer Correct ?    1 Yes 1 No

Post New Answer

More Taxation Interview Questions

Penalty if Advance tax is not paid on time for Individuals and companies?

0 Answers  


Excisable material sold without charging excise duty, Now after 3 months, I am issuing Suplimantary bill to party for Excise payment, now please tell me the interest need to pay for this and also is there need to pay interest if i have sufficiant amount of cenvate credit balance in these 3 months.

2 Answers   Reliance,


Please describe wht is role of a excise officer at time of export despatch wht type of documents use

0 Answers  


I want to know the TDS ammount which deducted by company.

1 Answers  


We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds

0 Answers  


Exaplaine about RITC & how it calculated?

1 Answers  


Suppose A, Delhi is selling material to B, Chhhattisgarh & B wants this material at Bhopal. A bills like sold to party B, Chhattisgarh & Ship to party C, Bhopal. Whereas C is a site office of B. In this case whiling billing A required TIN no of B & C or proving TIN no of B is enough?

3 Answers   ABC,


Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.

0 Answers  


what is vat.how it calculated.example i purchased Rs.5000.how much percent charged vat.how post entry

2 Answers  


what is excise duty tax

2 Answers  


About vat, service tax, tds, cenvat

0 Answers   Reliance,


How much in the inter state tax CST For the LPG Stove

1 Answers  


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