Question { DCB Bank, 80465 }

what is the difference between pay order & D.D.?

Answer

BEAUTIFUL QUESTION ACCORDING TO MY KNOWLEDGE A SLIGHT
DIFFERENCE IS THERE FOR DD& PAY ORDER
PAY ORDER MEANS NOTHING BUT THE CHEQUES WHICH WERE PRESENTED
OF LOCAL BANK CHEQUES PAY ORDER CHEQUE ARE THE CHEQUE WHICH
WERE PAID TO PARTICULAR PERSON OR CMPANY MENTIONED IN CHEQUE

DEMAND DRAFT GENERALY BE THE OUT STATION CHEQUES WHICH WILL
BE DRAWN IN FAVOUR OF ............

CONCLUSSION - PAY ORDER CHEQUES GENERALLY HONOURS WHEN THEY
MAINTAINS SUFFICIENT BALANCE

DEMAND DRAFT THERE IS NO CHANCES FOR DISHONOURING BECAUSE
AFTER PAYING THE AMOUNT IT SELF DEMAND DRAFT WILL BE ISSUED

Question { DCB Bank, 80465 }

what is the difference between pay order & D.D.?

Answer

pay order - means instructing to pay the amount to whom the
payment has to be made.

a/c payee - instructing to pay certain sum of amount to the name mentioned in pay......................


Demand draft - is also called d.d should make a d.d amount along with commission in favour of whom we are making payment.

Question { Capital IQ, 11787 }

In intangible assest, patents ,trade marks,copy rights we
can feel or some thing can be done but what about goodwill?

Answer

good will means name & fame reputation of afirm valuing in
terms of money in case of amalgmation obserption &
reconstruction

Question { 11299 }

What is the different between each of the following.
a) ordinary shares and preference shares
b) called and uncalled capital
c) bearer debentures and convertible notes
d) floating charge and specific charge

Answer

ordinary shares may be having the voting rights like equity
shares
peference shares - these are the kinds of shares where the
share holder gets fixed rate of dividend. THIS IS AGAIN
DIVIDED IN TO TWO TYPES CUMMULATIVE NON-CUMMULATIVE
CUMMULATIVE SHARES ARE THE SHARES WHERE PARTICULAR MONTH
DIVIDEND WILL BE DECLARED IN THE FOLLOWING MONTH ONLY
NON CUMMULATIVE PREFERNCE SHARES ARE THE SHARES FOR WHICH
THIS YEAR DIVIDEND MAY BE DECLARED IN NEXT YEAR

CALLED UP CAPITAL - IS THE AMOUNT WHICH WAS CALLED BY THE
COMPANY FROM THE PUBLIC

UNCALLED CAPITAL - IS THE AMOUNT WHICH WAS NOT CALLED BY
THE COMPANY TO THE PUBLIC SOME TIMES THIS MAY BE CALLED AS
RESERVE CAPITAL

DEBENTURE - THEY GET FIXED RATE OF INTREST AS THEY ARE NOT
CONCERNED WITH PROFITS &LOSSES

CONVRTABLE DEBENTURES ARE THE KIND OF DEBENTURES WHERE THE
DEBENTURES MAY CONVERT IN TO SHARES

FLOATING CHARGE - FOR THIS THE CHAGE MAY BE DIFFERED
DIFFERED FROM TIME TO TIME EG - SECURITIES

SPECIFIC CHARGE - IS THE CHARGE WHICH REMAINS AS CONSTANT

Question { 60092 }

What is TCS?
Are the rates of TDS and TCS same??

Answer

The difference between between T.D.S & T.C.S are t.d.s means
tax deducted at source and it will be leivied when it
crosses income limit and it will be deducted at source

T.c.s means tax collected at source when we are making any
payment to contractor the tax amout will be deducted at
source and remaining payment will be made this can be
regarded as t.c.s

hope that the rates for both remains same

Question { 6446 }

What is the means of Limited.they are not asked about public
limited or private limited or difference tehy asked only
what is the limited

Answer

limited companies will be under the control of govt &
liability of the share holders will be limited to the
extent of face value of share

Question { Genpact, 15363 }

what is contingent asset

Answer

contingent asset means eg- if active partner and sleeping
partner are fighting for particular asset the lawyer advised
to settle the matter in the court. depending up on the court
final judgment if the judgment was in favour of whom will be
holding the asset

Question { Eastman Chemical, 27142 }

what is mean by security transaction tax? it considers how
during profit calculation of shares trading.

Answer

SECURITY TRANSACTION TAX IS THE TAX WHICH IS LEIVIED
WHEN YOU MADE A TRANSACTION GENERALLY THE SECURITY
TRANSACTION TAX IS LEIVED AT THE POINT OF SALE AND
THE SAME S.TT YOU CAN CLAIM IN YOUR SHORT TERM CAPITAL GAIN

Question { Emerson, 28758 }

Sms service provider's bill (tds applicable or not)

Answer

EVEN THROUGH ON THE SERVICE PROVIDERS BILL T.D.S IS
APPLICABLE YOUR TDS AMOUNT WILL BE DEDUCTED AT THE TIME OF
PAYMENT MADE I THINK SO

Question { NIC, 8824 }

What is Cost Accounting

Answer

cost accounting determines the cost per unit of a
particular products by using costing methods & costing
techniques

conclussion- both plays an imp role in assertaining a cost
for a product

Question { NIC, 8824 }

What is Cost Accounting

Answer

The amount of expenditure incurred on an economic activity
is called cost accounting

Question { Voltas, 9858 }

Whether sales tax is chargeable on imported goods.

Answer

no sales tax will not be charged on import as customs duty
will be leived for import &export of goods

Question { 23831 }

what is different between expenses (direct) and direct
expenses?

Answer

TO say in simple words all the expenses which are spent
for production (or) factory expenses will be treated
as direct expenses and all the directs can be called as
prime cost


Indirect expenses are the office expenses the expenses
which were spent for office purpose could be regarded as
indirect expenses and all indirects can be called as over
heads

Question { Komal Texfab, 52821 }

if we are purchase in 4% vat tax than can we deduct tds

Answer

no t.d.s cannot be deducted on 4% vat tax as the t.d.s
could be deductable from job work

Question { Cap Gemini, 11405 }

What is Standard Cost?

Answer

standrd costis the cost which remains as standard cost
standard cost -actual cost = variance

1. actual quantity * actual rate -- 1

2. actual quntity * standard rate -- 2

3. standard quantity * standard rate -- 3

this is the formulaes for caluculating standard costing
like this we will keep some numeric values and see for eg
(4-1) the resulted figure is favourable or in favourable