Total Answers Posted # 122
Total Answers Posted for My Questions # 3
Total Views for My Questions # 15990
Users Marked my Answers as Correct # 1719
Users Marked my Answers as Wrong # 1186
Question { Angel Broking, 13929 }
what is derivative?
Answer
contract
| Is This Answer Correct ? | 3 Yes | 6 No |
Question { 11375 }
What is the difference between profit and gain?
Answer
expenses of abusiness then it could be regarded as a profit
income is the gain which is derived when they receive
certain income that can be regarded as source of income
might be in the form of commission , brokerage if any
corrections let me know
| Is This Answer Correct ? | 11 Yes | 3 No |
Question { 17770 }
wHAT IS THE DIFFRANCE BETWEEN PAN NO. AND TAN NO. AND WHAT
IS THE USE OF BOTH OF IT......?????
Answer
IDENTIFICATION FOR FILLING INCOME TAX [DIRECT TAX]
TAN NO IS THE TAX ACCOUNT NUMBER WHICH IS AN
IDENTIFICATION FOR TAX PAYING EG - VAT ,C.S.T, [INDIRECT
TAX]
| Is This Answer Correct ? | 27 Yes | 14 No |
DEFINE 'SALES TAX, CORPORATE TAX, PROFESSIONAL TAX & INCOME
TAX'? (please give accurate definitions dudes)
Answer
TAX IS THE TAX WHICH IS LEIVIED ON CORPARATE SERVICES
RENDERED INCOME TAX IS THE TAX WHICH THE INCOME DERIVED IN
AN ASSESMENT YEAR PROFESSIONAL TAX IS THE TAX WHICH IS
LEIVIED ON PROFESSIONALS EG - LAWYERS , AUDITORS, ENGINEERS
DOCTORS
| Is This Answer Correct ? | 17 Yes | 7 No |
If some service provider gives a bill having service tax.
say cost of service is Rs 100, He is adding 12.36% sevice
tax. Total comes 112.36. we have to deduct TDS @ 11.33%.
On what amount we should deduct TDS? (on 100 or 112.36 )
Answer
i too agree with the same answer the T.D.S should be
deducted on gross amount 112.36%
| Is This Answer Correct ? | 6 Yes | 2 No |
Question { 40039 }
What is Assesment Year
Answer
BE PAYING IN THIS YEAR THIS IS THE MEANING OF ASSESMENT
YEAR IF ANY CORRECTIONS PLS HELP ME OUT
| Is This Answer Correct ? | 4 Yes | 1 No |
what is defered revenue tax
Answer
revenue expenditure as the expenses which occured present
and receiving the benefit in future years can be regarded
as differed revenue expenditure & the tax wwhich is
leivied on differed revenue expenditure can be regarded as
differed revenue tax
| Is This Answer Correct ? | 7 Yes | 0 No |
Question { State Bank Of India SBI, 19515 }
WHAT DO U MEAN BY REPO RATE???
Answer
RBI THIS BORROWING OF MONEY FROM RBI IS DEPENDED UP ON THE
GOODWILL OF THE BANKER THE PRESENT REPO RATE IS 9%
| Is This Answer Correct ? | 4 Yes | 6 No |
Question { 9735 }
what are thw diferrences between a cash book & a petty cash
book?
Answer
book. the types of cash books are single coloumn, double
coloumn,triple coloumn
petty cash book is the book where all the petty expenses are
recorded
| Is This Answer Correct ? | 6 Yes | 3 No |
Question { 8617 }
Explain the concepts of Mergers, Aquisition And
Amalgamation?
Answer
business
acquisition means big company taking up small company
amalgmation means when two or more companies merge together
to form a new business is called amalgmation
| Is This Answer Correct ? | 7 Yes | 0 No |
Question { Capital IQ, 44138 }
list out the accounting concepts and explain the accural
concept
Answer
2 MONEY MEASURMENT
3 CONSISTENCY
4 ACCTUAL BASIS
THESE ARE THE CONCEPTS OF ACCOUNTANCY
GOING CONCERN IS NOT GOING TO CLOSE IN SHORT PERIOD
MONEY MEASURMENT CONCEPT MEANS VALUED IN TERMS OF MONEY
CONSISTENCY MEANS FOLLOWING THE SAME RULE IN THE FUTURE
YEARS ONLY
ACCRUAL BASIS FOR RETAIL&MERCANTILE BASED
| Is This Answer Correct ? | 15 Yes | 5 No |
Question { 16411 }
what is the rate of VAT in differnt items for example
metals, wine, garments, foods, electonics, medicine
Answer
METALS - 4%
GARMENTS - 4%
FOODS - 4%
ELECTRONICS - 12.5%
MEDICINE - 12.5%
WINE - 33.36%
FOLLOWING ARE THE RATES APPLICABLE AS PER BEST OF MY
KNOWLEDGE IF ANY CHANGES COULD HELP ME DOWN
| Is This Answer Correct ? | 41 Yes | 13 No |
