dheeraj


{ City } bangalore
< Country > india
* Profession *
User No # 5438
Total Questions Posted # 0
Total Answers Posted # 2

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Answers / { dheeraj }

Question { HCL, 24038 }

What is Proxima Payment Terms?


Answer

A proxima payment term has Cut Off day, Day of Month and
Months ahead.

Ex: Cut off day=15, Day of month=20 and Months a head=1

When a transaction is raised on 10-Jun-2007. The transaction
date is before the cutoff day. So this transaction will be
considered for the current billing cycle and the due date of
the transaction will be taken at 20-jun-2007 since months
ahead is 1.

Is This Answer Correct ?    5 Yes 7 No

Question { TCS, 6541 }

How can we Define Corporate law sob and Income Tax law Sob?


Answer

Setup-> Assetsystem -> Book controls

A corporate book holds all asset information, asset transfer
information, Asset Reclassification information, Asset Cost
Adjustment, Retirements, Revaluation, Changes and
Depreciation information. It is important and Primary Book.
A corporate book is maintained as per company Law.

A tax book captures all asset information as per Income tax
act. It is associated with corporate book to copy the
existing asset. We can mass copy the information as required.

Is This Answer Correct ?    3 Yes 0 No