Pdf – Income under head salary – Advance salary and Advance against salary – Loan from Employer Tax Free
NOTIFICATION CLICK ME TO READ ? DETAIL DISCUSSION OF SYLLABUS – UPSC COMMERCE OPTIONAL CLICK ME TO WATCH DETAILED SYLLABUS DISCUSSION?
Unpaid Dividend An unpaid dividend is a dividend that is due to be paid to shareholders but has not yet been distributed. Unpaid dividends exist because of timing differences between the record date–the time at which existing shareholders become eligible …
Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income. ​Sales Revenue=Sales Price×Number of Units Sold​ Revenue is also known …
Bad debt provision is reserve made to show the estimated percentage of the total bad and doubtful debts that needed to be written off in the next year and it is simply a loss because it is charged to profit …
An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent …
AÂ deferral, in accrual accounting, is any account where the income or expense is not recognised until a future date (accounting period), e.g. annuties,charges,taxes,income etc. The deferred item may be carried, dependent on type of deferral, as either an asset or …
” The function of accounting is to provide quantitative information, primarily of financial nature, about economic entities, that is needed to be useful in making economic decisions.” It is also known as fundamentals of accounting. Procedural Aspects of Accounting A. …
