Answer Posted / tejas birajdar

Below are the Taxes of Asset & liability side of BS
Tax assets are includes TDS receivable, VAT paid & Advance
tax
Tax liablities are - ESI collected, PF collected, PT
collected, VAT collected & TDS collected

If we paid advance tax & at the end of the year we found
the income tax is paid more than the actual liablity it
appeares to our BS as Tax asset.

if my salary is 12000 per month how much i will get after deducting PF an ESI

1643

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how many types of currencies are there in oracle r12

1943

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What is cash flow and fund flow?

1101

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Do you know compound journal entry?

1102

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Tell us did you use accounting applications at your previous companies or prefer working manually?

1004

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What is the general classification of accounts that usually ledger account involve?

1092

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What is a ledger?

1077

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What is Statory Books ?

2362

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what made you take up present subject/area of specialization and what would you define as your career objectives

2163

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In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/

1645

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how to calculate vat,pf,esi,service tax in corporate firm

1951

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i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.

1875

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Explain what is balance sheet?

1085

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Tell me what is reversing journal entries?

1045

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Under Accrual Accounting, How Are Worker Comp Premiums Handled?

1098

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