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accounting. People have believed that goodwill should not be recorded in the books of company. The concept of goodwill is used to record the value of the company which is over and above the existing market value of the company. In lay man t...
A tax is a payment made to the government by an individual who has earned a certain amount during a year. Income tax is a most important basis of income to the government. In other words, it is an amount charged by a government on products,...
case study is based on the financial transaction of Kellett Ltd. which is involved in the production of equipment of edge pollution control. The company has signed an agreement with Acme Pollution Control with the intension to sell the comp...
1: The chargeable income of your company may be different from the net profit/loss shown in its accounts. This is because some of the expenses incurred by your company may not be deductible for tax purposes. Similarly, some of the income r...
consumption and that in addition to the proceeds (even assuming they are equal in both cases) consumption tax distorts the allocation of preferences consumers. As in other cases where economists are quick to judge various courses action as ...
business is VAT eligible. We suggest you generate a budget for the first three years of your business operations. It is important that you have a realistic approach to the budgeting. The sales income is entered from the sum in the sales bud...
we developed a query that checks whether the billing system has included the minutes from weekend calls and evening calls. If the system included the entry such as using plan minutes on weekends which starts from Friday till Monday morning...