M.M.S. - SEM I FINANCIAL ACCOUNTING Faculty: Subhash Dalvi 1.2. Financial Accounting 100 marks COURSE CONTENTS 1. Introduction to Accounting : Concept and necessity of Accounting…
372 Accountancy Financial Statements - II 10 I LEARNING OBJECTIVES After studying this chapter, you will be able to : • describe the need for adjustments while preparing…
Tax Payers Information Series-7 Filing your Tax Return INCOME TAX DEPARTMENT Directorate of Income Tax (PR, PP & OL) 6th Floor, Mayur Bhawan, Connaught Circus, New Delhi-110001…
Chapter 3 THE INTERDEPENDENCE BETWEEN THE MAJOR SECTORS, MARKETS AND FLOWS IN THE MIXED ECONOMY Major Sectors • Major Sectors in a mixed economy: – Households: sellers…
How to calculate Total Income? Total income of an assessee is gross total income as reduced by the amount permissible as deduction under the sections 80C to 80U. The scheme…
Bonds Bonds A A bond bond is is aa contract contract that that requires requires the the borrower borrower to to pay pay the the interest interest income income to to the…
18-1 Centralization Vs. Decentralization Centralized Organizations Decentralized Organizations Decisions are handed down form the top echelon of management and subordinates…
Income and Expenditure account 1 Introduction Non-profit making organizations such as clubs, societies and associations usually do not have a professional and full-time accountant,…
Income Taxation IN GENERAL Income Tax • Income tax has been defined as a tax on all yearly profits arising from property, profession, trade or business, or as a tax on…