Master of Business Administration- MBA Semester 1 MB0041 – Financial and Management Accounting Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? ANS. Meaning of Accounting- The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing‚ analyzing and reporting these transactions. The financial statements
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Tax Research Exercise 1 1) 147(c)(2)(C)(iii)Insolvent farmer.—For purposes of clause (i)‚ farmland which was previously owned by the individual and was disposed of while such individual was insolvent shall be disregarded if section 108 applied to indebtedness with respect to such farmland. 2) Federal Tax Regulations‚ Regulation‚ §1.351-1.‚ Internal Revenue Service‚ Transfer to corporation controlled by transferor Click to open document in a browser Reg. § 1.351-1 does not reflect P
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registration and deregistration‚ imports and exports‚ categories of supplies‚ different accounting schemes‚ and the administration of VAT‚ are discussed. I. Income tax is charged under the trading income provisions of Income Tax (Trading and Other Income) Act 2005 Part 2 on the profits of any “trade‚ profession or vocation whether carried on in the UK or elsewhere” . Accordingly‚ all self-employed have trading income regardless of their business activities. In the absence of a satisfactory
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Tax Shelter I. Definition Any method of decreasing taxable income in a payments to tax collecting entities‚ including state and federal government. The most common type of tax shelter is an employer-sponsored 401(k)plan. a. Types of tax shelters Some tax shelters are questionable or even illegal: Offshore companies. A company which is incorporated outside the jurisdiction of its primary operations regardless of whether that jurisdiction is an offshore financial centre. Due to differing tax
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Finance Department of Revenue (Tax Research Unit) *** V. K. Garg Joint Secretary (Tax Research Unit) Telephone No. 011-23093027 Fax No. 011-23093037 E-mail: garg.vk@nic.in D. O. F. No 334/1/2012-TRU New Delhi‚ dated 16th March‚ 2012. Dear Sir/Madam‚ Subject: Union Budget 2012: Changes in Service Tax-reg. It is said that in matters relating to taxes‚ questions rarely change‚ but the answers do. Budget 2012 has‚ however‚ changed a number of questions relating to service tax. 2. No more will the most often-asked
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signals (positive & negative) does this send to the market? • When would you take a project with a negative NPV? • What is Sarbanes Oxley and what are the implications? • Why might a company choose debt over equity financing‚ or vice versa? • What are the ways a company can manipulate cash flows? • What are the primary causes of bankruptcy and what are the options available to a company? • Let’s say that I have a bond with a 5% coupon. What happens to the market price when the prevailing
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Careers in Accounting Accounting is a very diverse career field. It continues to rank among the top chosen career paths in many universities. As one of the most successful careers in the business field‚ accounting has recently thrived on a continually growing demand. If need for education and skill are met‚ the result is a rewarding and enjoyable work experience. Accounting is the financial information system that provides insights into how organizations are funtioning financially. There
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taxation in Bangladesh Tapan K Sarker1 ABSTRACT: This article reviews the incidence of income taxation in Bangladesh tax system. The main purpose of the study is to determine how the burden of personal and corporation income taxes is allocated among taxpayers of different income groups. In case of personal income taxes it shows that only 13 percent taxpayers paying around 73 percent of tax revenue collected through personal income taxes and interestingly about 53 percent taxpayers pay only 0.08 percent
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ANNEXURE TO CBEC CIRCULAR No.165/16/2012-ST DESCRIPTIONS OF TAXABLE SERVICES AND ACCOUNTING CODES FOR PAYMENT OF SERVICE TAX No. Finance Act‚1994 erstwhile Section 65(105) Descriptions of Taxable Services 1 * (a) (b) * (c) 2 3 4 5 6 7 8 9 (d) (e) (f) (g) (h) (i) (j) (k) * (ka) Stockbroker service Telegraph authority-telephone connection [(b) was omitted w.e.f.01.06.2007 and clubbed under (zzzx)] Telegraph authority-pager[(c ) was
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Joscely Garris Professor Vinh Hoang CHEM 1151L – 254 25 October 2013 Preparation of Viscous Solution This report discusses an experiment to study the relationship of solute/solvent and the calculations involved to measure the concentration of the solution. The first experiment to take place is the preparation of a salad dressing using xanthan gum solution‚ water and oil. Commonly used as a food thickening agent‚ Xanthan gum is a large molecule composed of several saccharides linked together
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