Explain Going Concern Concept
Give a brief introduction of the term ‘Going Concern Concept’?
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The organization is intended for to be in existence for an imprecise period of time and is not probable to close down the business in the shorter period of time. This influences the valuation of liabilities and assets.
According to Income Tax Act, 1961what technique of depreciation calculation is employed to evaluate the tax liability?
Briefly describe annuity method of calculating depreciation?
Describe the Pre defined Queries? Briefly state the definition.
Give a brief introduction of the term Capital Expenditure?
Give a brief introduction of the term Debenture Redemption Reserve (or DRR)?
Give a brief introduction about the term P/V ratio and Contribution?
Under Companies Act, 1956 what ‘rights issue’ do the shareholders of a company have?
Briefly describe payment through results system of remuneration. And also write down its sub-methods?
Write down the imperative macroeconomic indicators which affect stock market?
The following information is taken from the financial statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had a cost of $400,000
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