Answer / satyaki_raju@yahoo.com

Banking Cash Transaction Tax

Answer / dj

yes, it is BANKING CASH TRANSACTION TAX. whenever customer
withdraws more than or equival to one lakh in cash then,
tax would be levied @0.1% i.e 100/- per lakh as per present
rate.

Answer / satyanarayana raju

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if closing stock appears in the trial balance what is the sollution

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Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

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Repaid the loan taken from Sachin for the marriage out of the business. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

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expand C A

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what does bpo means?

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what is depreciation?

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vwhy a variable cost is said to be variable?

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"since the calculation of depreciation is based on estimate,notfacts,why bother to make the calculation?

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Gross salary is 762000, PF deducted 38000, ESI deducted 6700, TDS deducted 6000, Advance deducted from staff 12000, net salary sent to bank 699300. How do we enter journal in Tally 7.2

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what is merchant banking ?

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