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Recent questions without a selected answer

+1 vote
1 answer
​My employer reimburses me all my expenses on grocery and children’s education. Would these be considered as my income?
posted Jun 23, 2017 by Swati Tyagi
  • income
  • income tax
+1 vote
1 answer
​Are receipts from life insurance policies on maturity along with bonus taxable?​
posted Jun 23, 2017 by Swati Tyagi
  • income tax
  • return
  • salary
+1 vote
1 answer
​What precautions should be taken while filing the return of income?
posted Jun 23, 2017 by Swati Tyagi
  • income tax
  • return
+1 vote
1 answer
​What to do if discrepancies appear in actual TDS and TDS credit as per Form 26AS?
posted Jun 23, 2017 by Swati Tyagi
  • tds
+1 vote
1 answer
​What are the benefits of e-filing the return of income?
posted Jun 23, 2017 by Prajwal C.m.
  • income tax
  • return
+1 vote
1 answer
What is the difference between e-filing and e-payment in income tax return?
posted Jun 23, 2017 by Prajwal C.m.
  • income tax
+1 vote
1 answer
​What is e-filing utility provided by the Income-tax Department?
posted Jun 23, 2017 by Prajwal C.m.
  • income tax
+1 vote
1 answer
What are the different modes of filing the return of income?
posted Jun 23, 2017 by Prajwal C.m.
  • income
  • return
+1 vote
1 answer
What are the forms of return prescribed under the Income-tax Law? ​​​​
posted Jun 23, 2017 by Prajwal C.m.
  • income tax
  • return
+2 votes
1 answer
What are the consequences a deductor would face if he fails to deduct TDS ?
posted Jun 23, 2017 by Prajwal C.m.
  • tds
+1 vote
1 answer
What is the importance of innovation as a source of long-term economic growth?
posted Jun 23, 2017 by Prajwal C.m.
  • economy
  • growth
+1 vote
1 answer
What is meant by term sustainable economic growth Should governments limit economic growth to protect the environment?
posted Jun 23, 2017 by Purabi Sarkar
  • economy
  • growth
+1 vote
0 answers
What is the marginal cost of oil and why does it matter in the current economic climate?
posted Jun 23, 2017 by Purabi Sarkar
  • economics
+1 vote
1 answer
What is hot money and why does it matter for the exchange rate?
posted Jun 23, 2017 by Purabi Sarkar
  • hot money
+1 vote
1 answer
What is quantitative easing? Why is it being used at the moment?
posted Jun 23, 2017 by Purabi Sarkar
  • quantitative easing
  • macroeconomic
+1 vote
1 answer
Explain the factors that determine the value of a currency in a floating exchange rate system?
posted Jun 23, 2017 by Purabi Sarkar
  • currency
  • floating exchange
+1 vote
1 answer
Who does the level of household wealth effect have effect on consumer spending?
posted Jun 23, 2017 by Purabi Sarkar
  • consumer spending
+1 vote
0 answers
What are the principal reasons why the UK has fallen into recession?
posted Jun 23, 2017 by Ramesh Gowda
  • economy
  • uk
+2 votes
1 answer
What are the causes of economic growth of a country?
posted Jun 23, 2017 by Ramesh Gowda
  • economy
+1 vote
1 answer
What are the main macroeconomic aims of government policy?
posted Jun 23, 2017 by Ramesh Gowda
  • economics
  • macroeconomic
+2 votes
1 answer
Is the sales tax paid on merchandise that you will resell an expense?
posted Jun 23, 2017 by Ramesh Gowda
  • sales tax
  • accounts
+1 vote
1 answer
What if an employee's actual vacation payment is greater than the amount that has been accrued?
posted Jun 23, 2017 by Ramesh Gowda
  • accounts
  • salary
+1 vote
1 answer
What is the difference between the accounts rent receivable and rent revenue?
posted Jun 23, 2017 by Ramesh Gowda
  • accounts
  • rent
+1 vote
1 answer
What does the cost principle mean for a company's income statement?
posted Jun 22, 2017 by Shamita
  • company
  • accounting
+1 vote
1 answer
What is the entry when a company lends money to an employee?
posted Jun 22, 2017 by Shamita
  • accounting
+1 vote
1 answer
Is contributed capital a noncurrent asset or a current asset, and is it a debit or credit?
posted Jun 22, 2017 by Shamita
  • accounting
  • assets
+1 vote
1 answer
Why is the accuracy of inventory valuation so important?
posted Jun 22, 2017 by Shamita
  • accounting
  • inventory
+1 vote
1 answer
What is the difference between reserve and allowance?
posted Jun 22, 2017 by Shamita
  • accounting
  • difference
+1 vote
1 answer
Why is the distinction between product costs and period costs important?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
Why is the P&L profit entered on the credit side of the balance sheet?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
What is the difference between unearned revenue and unrecorded revenue?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
What is the advantage of using historical cost on the balance sheet for property, plant and equipment?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
2 answers
What is the accounting entry to close the sole proprietorship drawing account?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
What is the difference between fixed assets and noncurrent assets?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
What is an unpresented cheque or check and does it require an adjustment to the balance sheet?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
If inventory is understated at the end of the year, what is the effect on net income?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
What is the difference between revenues and earnings?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
Does sales commission get reported in the income statement?
posted Jun 22, 2017 by Chetan Hindu
  • accounting
+1 vote
1 answer
What is the difference between depreciation expense and accumulated depreciation?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
Why is there a difference in the amounts for Bad Debts Expense and Allowance for Doubtful Accounts?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
Where does the purchase of equipment show up on a profit and loss statement?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
When should costs be expensed and when should costs be capitalized?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
What is the difference between a debit and a debit balance?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
What are the accounting principles, assumptions, and concepts?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
What is the difference between gross profit and net profit?
posted Jun 22, 2017 by Anushka
  • accounting
+1 vote
1 answer
What is reported as property, plant and equipment?
posted Jun 22, 2017 by Anurag Kashyap
  • accounting
+1 vote
1 answer
What are operating expenses and non operating expenses?
posted Jun 22, 2017 by Anurag Kashyap
  • accounting
+1 vote
1 answer
What is the difference between revenue, income, and gain?
posted Jun 22, 2017 by Anurag Kashyap
  • accounting
+1 vote
1 answer
What is the difference between a cost and an expense?
posted Jun 22, 2017 by Anurag Kashyap
  • accounting
  • difference
+1 vote
1 answer
What is the difference between a trial balance and a balance sheet?
posted Jun 22, 2017 by Anurag Kashyap
  • accounting
  • difference
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