Answer Posted / sumeet agrawal

REAL TIME GROSS SETTELMENT..
ITS A TRANSACTION BETWEEN TWO ACCOUNT FOR TRANSFERING OF
FUNDS IMMEDIATELY..

Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?

1690

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Explain the word Liquidation

2012

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My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?

2054

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let me know the difference between net cash flow and income

2236

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Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry

1975

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what is the nature of bill receivable and consignmenta/c

2407

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What is Compliance?

2127

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what is span of shares

1962

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Short Answer on ______Amortization

2048

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If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???

2196

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When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?

2259

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Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector

1641

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Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com

2849

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explain the financialand economic meaning of investment?

2159

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Short Answer on _____________Whole Sale Trade

2111

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