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ACCA F1 – Accountant in Business | Comprehensive Accounting Course

Download ACCA F1 Notes Important Note: The objective of these notes is to facilitate those students, who already complete their study books and now just want to go through. We hardly suggest the students , Give main focus on your study Books . These course notes could not replace study text books. So if you want to succeed in your …

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Define Capital Gain, Computations and Deductions

 Question: Explain capital gain, how it is computed and what is its allowable deduction and exempted capital gain? Answers: Capital gain: (Sec 37) According to section 11 of income tax ordinance 2001, capital gain is the 4th source of income of a person and it is chargeable to tax under section 37. “Capital gain means any gain arising from the …

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ACCA F2 – Management Accounting Download Free Study Stuff

ACCA F2 – Management Accounting Download Free Study Stuff Important Note: The objective of these notes is to facilitate those students, who have already completed their study books and now just want to go through them. We hardly suggest the students, Give main focus on your study Books. These course notes could not replace study textbooks. So if you want …

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Income From Business – Definition and Inadmissible Expenses

Define income from business?  What expenses are not admissible for tax purpose under the head business? OR Explain in-admissible deductions under the head income from business? Income from business-section-18 Income from business is a 3rd source of income from which a person can derive income. Income from business is chargeable to tax under section-18 of income tax ordinance 2001.Let us define business and …

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Banking Transactions – Short Questions with Answers

Banking Transactions – Short Questions with Answers Q.1      WHAT IS BANK.? Answer:   Bank is a financial institution which deals in money. It takes money from the people their savings on low rate of interest and lends to the needy people At high rate of interest. This difference of rate of interest its income. Q.2  WRITE THE KINDS OF …

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Bills of Exchange – Short Questions with Answers

Bills of Exchange – Short Questions with Answers Q.1      WHAT IS BILL OF EXCHANGE? Answer:-    A bill of exchange is a negotiable instrument which is written in evidence Of credit sales. It is an un condition order by the drawer to drawee to certain sum Only to or the order of a certain person  or to the bearer …

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Functions of Commercial Banks

INTRODUCTION Banking occupies one of the most important positions in the modern economic world. It is necessary for trade and industry. Hence it is one of the great agencies of commerce. Although banking in one form or another has been in existence from very early times, modern banking is of recent origin. It is one of the results of the Industrial …

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Features of Bank Accounts

INTRODUCTION A bank deals in money and the number of transactions is very large. As such there are greater chances of fraud. To check this there should be an efficient system of internal check and internal control. Banks follow continuous audit system. Therefore, there is an imperative need to have foolproof and elaborate accounting system for a bank. The accounting …

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Letter of Credit – Introduction

INTRODUCTION – LETTER OF CREDIT Modern banks facilitate trade and commerce by rendering valuable services to the businesscommunity. Apart from providing appropriate mechanism for making payments arisingout of trade transactions, the banks gear the machinery of commerce, specially in case ofinternational commerce, by acting as a useful link between the buyer and the seller, whoare often too far away from …

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Download IBM SPSS Statistics Desktop – Statistical Analysis Software

Download IBM SPSS Statistics Desktop – Statistical Analysis Software  IBM SPSS Crack Full Version is the world’s first statistical software for business, government, research and academic institutions. It designed to provide the latest statistical analysis and forecasting applications in an easy way. IBM SPSS License Key with latest full version has full of advanced features and integrated with a useful …

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