What are the two objectives of financial accounting?
Financial Accounting serves many objectives and involves recording, proper classification, and summarization of financial transaction and events that a bu...
Category: Updates
When should TDS be booked?
2. When should TDS be deducted and by whom? Any person making specified payments mentioned under the Income Tax Act are required to deduct TDS at the time...
What is the difference between share capital and paid up capital?
Issued share capital is the amount of money that you, as a shareholder have to pay in exchange for a number of shares of the Company whilst paid-up share ...
How is fund flow statement calculated?
How Cash Flow Is Calculated. Cash flow is calculated by making certain adjustments to net income by adding or subtracting differences in revenue, expenses...
Are accounting standards important in the field or profession?
Answer: Yes. It is a professional work because not only because of degree holder but also a high quality in job. Why do we need financial reporting standa...
Which WAN technologies operates at Layer 3 of the OSI model?
Cards Term Which of the following WAN topologies comes with the highest availability and the greatest cost? Definition Full Mesh Term Which WAN technology...
Is Intec College internationally Recognised?
In 2007 the college was the first South African institution to offer the internationally recognised CompTIA HTI+ Home Technology Installation Certificate....
What is modern theory of interest?
According to the modern theory of interest, the equilibrium rate of interest and equilibrium level of income are determined simultaneously at the point of...
What happens to the present value of the future cash inflows as the discount rate increases without limit?
As the discount rate increases without limit, the present value of the future cash inflows and why ? Gets smaller without limit, i.e, approaches minus inf...
What is a deductible temporary difference?
A deductible temporary difference is a temporary difference that will yield amounts that can be deducted in the future when determining taxable profit or ...
