What Does Phantom Gain Mean?
Answer Posted / bjanmejai
when a gain on an investment is offset
by a loss in the same investment, which
usually comes from an income tax provision.
Phantom gains are named as such because
there is no actual return, although it
may initially seem otherwise.
Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
Capital secure should be shown in which side of the balance sheet?
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
how to do asset appreciation in sap?
journal entry for prepaid insurance and salary outstanding
a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Who created snapit accounting?
What was your average accounts receivable days outstanding/days sales outstanding?
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
What are the disadvantages of double entry system?
How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?
Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es
What is full rate on plywood box in haryana sale tax:
how many times we can deposit the old currency in one a/c in the bank