What do you mean by ledger posting?
What is journalizing? What are the columns of a journal?
List the type of transactions entered in journal proper.
Explain compound journal entry.
What is a ledger? What do you mean by ledger posting?
Explain miscellaneous expenditures & profit and loss account debit balance
Define financial year?
What items fall under the category of ‘securities’?
What items come under deferred tax liability?
Explain deferred tax asset?
Differentiate between financial year, assessment year and previous year?
Who are non resident?
What is the difference between fund flow vs. Cash flow?
Define deferred tax liability? What items come under deferred tax liability?
What is the difference between the excise duty and the sales tax?