anjali


{ City } bangaluru
< Country > india
* Profession *
User No # 34275
Total Questions Posted # 12
Total Answers Posted # 6

Total Answers Posted for My Questions # 64
Total Views for My Questions # 198446

Users Marked my Answers as Correct # 117
Users Marked my Answers as Wrong # 42
Questions / { anjali }
Questions Answers Category Views Company eMail

What are the Golden rules of accounts? with an example?

DC, OPI Global,

12 Taxation 51087

Difference between provision & reserve with an example?

IHG InterContinental Hotels Group, Mount Kenya University, OPI Global,

3 Taxation 10609

Define Amortization & Impairment?

 Taxation 1651

Calculate debtors at the end of the year? debtors-50000, bad debts-2000, discount allowed-1000, 5% on bad debt, 2% discount allowed?

OPI Global, Patra Corporation,

Taxation 1686

Who is an assesse?

OPI Global,

1 Taxation 5273

What are the Different heads of income tax act 1961? tax rate on companies according to current budget?

OPI Global,

6 Taxation 11271

Under which head depreciation will come?

OPI Global,

4 Taxation 42551

What is MAT stands for?

OPI Global,

10 Taxation 12176

What is VAT stands for? what kind of VAT it is?

OPI Global,

6 Taxation 10023

Journalise the following Entries? Outstanding salary of rs. 20000/- Prepaid insurance of rs. 5000/-

OPI Global,

13 Taxation 24468

Give some examples under sec. 80C? What is the maximum limit ?

OPI Global,

6 Taxation 20514

What are the items are the purpose of calculating taxable? - Excise duty - Fine & penalty - Loss on sale fixed assets - Depreciation on fixed assets

OPI Global,

3 Taxation 7137



Answers / { anjali }

Question { HCL, 17116 }

Difference between Income & Expenditure A/c AND P/L a/c.


Answer

Income & expenditure a/c and P&L a/c is the same thing.

Is This Answer Correct ?    3 Yes 30 No

Question { 3074 }

Short Answer on_____________Current Liabilities


Answer

Those liabilities which are payable out of current assets
with in the next accounting period usually a year or
already due are called current liablities.
Ex: Sundry creditors, bills payable, short term bank
overdraft etc.

Is This Answer Correct ?    3 Yes 1 No


Question { 3786 }

Short Answer on -----Working capital


Answer

The company's working capital is the amount of money left
over after you subtract current liabilitiesfrom current
assets.
Current assets - Current liabilities = Working capital

Working capital is the amount of money the enterprisehas to
work with in the short term.

Is This Answer Correct ?    4 Yes 0 No

Question { 4581 }

Short Answer on _________Gross profit


Answer

Gross profit is the amount left over from the sales after
product manufacturing costs( cost of good sold) are taken
out.
Sales - Cost of good sold = Gros profit

Is This Answer Correct ?    6 Yes 0 No

Question { OPI Global, 12176 }

What is MAT stands for?


Answer

Minimum alternate tax

Is This Answer Correct ?    28 Yes 4 No

Question { OPI Global, 24468 }

Journalise the following Entries?
Outstanding salary of rs. 20000/-
Prepaid insurance of rs. 5000/-


Answer

Salary a/c dr. 20000
to outstanding a/c 20000
Prepaid insurance a/c dr. 5000
to insurance a/c 5000

Is This Answer Correct ?    73 Yes 7 No