Riaz Academy
INCOME TAX : INCOME FROM SALARY – [SECTION – 12]
Tag Archives: Important-Questions
Difference between Continuous, Final and Interim Audit
Question. : Define and differentiate between Continuous, Final and Interim Audit. Answer: Continuous Audit: It is desired that the auditor should examine the accounts more frequently, the shareholders may appoint the auditor to conduct continuous audit, and where the auditor examines the accounting records at frequent intervals throughout the accounting year, such audit is called as continuous audit. According to Sir …
Read More »BUSINESS AND ITS FEATURES [ Read or Print]
Q. : What is Business. Discuss the Characteristics / Features / Properties of business. ANS: CONCEPT OF BUSINESS: Literally, the word “business” means the state of being busy. Generally, the term business includes all human activities concerned with earning money. In other words, business is an activity in which various persons regularly produce or exchange goods and services for mutual …
Read More »SCOPE OF AUDIT
Definition of auditing: According to Montgomery, a prominent American accountant: “Auditing is a systematic examination of books and records of a businesses and other organization, in order to ascertain or verify, and to report upon the facts regarding its financial operation and the result thereof.“ Scope of audit We can see scope of auditing by following headings: Legal Requirements: The …
Read More »SHORT QUESTIONS OF BANKING
Q. No.1: Define Commercial banks. Ans. : Professor G Crowther has defined commercial banks in his book “An outline of money” in the following words: “A bank is a firm which collects money from those who have it spare. It lends to those who require it.” Q. No. 2: Define Customer of a bank. Ans. : A customer of a …
Read More »MARKETING MIX / 4P’s OF MARKETING
Marketing Mix | 4 P’s of Marketing Marketers use different tools in order to get the desired response from the customers or best satisfy their needs. These tools are known as The Marketing Mix. Marketing Mix is probably the most famous term in marketing. The marketing mix consists of everything the firm can do to influence the demand for its products. Marketing …
Read More »FORMATION OF CO-OPERATIVE SOCIETY IN PAKISTAN
Q. How a Co-operative Society formed in Pakistan. Ans. The co-operative Societies, whose main object is the promotion of economic interests of its members, are established in Pakistan under the Co-operative Societies Act, 1925. Application for Registration: Following are the main requirements for the Application for Registration: 1. A society is registered if there are at least 10 members …
Read More »COST OF GOODS SOLD STATEMENT (CGS) FORMAT FREE LEARN & DOWNLOAD
To download Cost of Goods Sold Statement (CGS) format for Manufacturing concerns in JPG and PDF Format Click the link below: G Ads: Click to Download: JPG PDF Give your comments about Cost of Goods Sold Statement (CGS) format and also share it to others to build a chain. You can also read and Download other Financial Accounting, …
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