shirisha


{ City } hyderabad
< Country > india
* Profession * accountant and tax consultant
User No # 58208
Total Questions Posted # 1
Total Answers Posted # 6

Total Answers Posted for My Questions # 3
Total Views for My Questions # 6227

Users Marked my Answers as Correct # 32
Users Marked my Answers as Wrong # 27
Questions / { shirisha }
Questions Answers Category Views Company eMail

what is the meaning of deferred revenue ? give me some examples

ABC,

3 Accounting General 6227



Answers / { shirisha }

Question { Deloitte, 22273 }

How many type of Invoices?


Answer

There 10 types of invoices are there

standrd invoice
credit memo
debit memo
expence report
po default
quick match
prepayment
mixed
withholding tax
recurring

Is This Answer Correct ?    7 Yes 13 No

Question { 2724 }

What are the new threshold limits put in the parliment
under New tax code recently for Men, Women and Senior
Citizens


Answer

PRESENTLY WE HAVE A TAX EXEMPTIONS FOR MEN IS 1,60,000 AND
WOMEN IS 1,90,000 AND FOR SENIOR CITIZENS 2,40,000. NOW IN
THE PARLIMENT THEY HAVE PASSED THE BILL TO INCREASE THE
EXEMPTIONS RATES FOR THEM. NEW TAX CODE RATES FOR MEN IS
2,00,000 AND FOR WOMEN 2,50,000 AND FOR SENIOR CITIZENS
TOO.THIS RATES WILL BE EFFECTED FROM NEXT ASSESSMENT YEAR
2011 -2012.

Is This Answer Correct ?    1 Yes 0 No


Question { NSL, 5280 }

how we do calculate of closing stock for company. what is the process of
calculation of closing stock.


Answer

WE HAVE 3 METHODS FOR CALCULATING THE CLOSING STOCK IN A
COMPANY THAT IS FIFO , LIFO AND WEIGHTED AVERAGE.NORMAL
CALCULATION IS closing stock = opening stock + purchase of
this period-
sales in this period = closing stock raw material value +
closing stock finishing material value. but in a company we
follow fifo that is first in first out method .

Is This Answer Correct ?    4 Yes 0 No

Question { 24382 }

Tax Audit is compulsory to whom?


Answer

tax audit is compulsory for those who are having the
turnover exceeding 40,00,000. they have to do the tax
audit compulsory.

Is This Answer Correct ?    12 Yes 10 No

Question { 3890 }

What do you mean by Capital Asset?


Answer

All tangible property which cannot easily be converted into
cash and which is usually held for a long period, including
real estate, equipment, etc.



Is This Answer Correct ?    7 Yes 0 No

Question { Genpact, 7702 }

what is meant by deferred revenue expenditure?


Answer

Deferred revenue is important because it's the money a
company collects before it actually delivers a product. For
example, a software company sells and receives payment for
a computer program before it gets delivered or installed.
This doesn't get recorded as straight revenue because, if
something goes wrong with the job, the money is at risk.

Is This Answer Correct ?    1 Yes 4 No