Answer Posted / barodianbuddy (acca)

In general accounting any method of depreciation can be used for calculating accounting profit but while calculating corporation tax, Taxable profit is calculated and in that HMRC disallows depreciation on fixed assets.

According to UK tax law (HMRC)

Depreciation on fixed assets is disallowed for corporation tax purposes. Companies are instead allowed a fixed writing down allowance on certain capital expenditure such as expenditure on plant and machinery.

Explain me what is general ledger account?

1105

---

what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam

1820

---

what are the extraordinary items?

964

---

what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..

4708

---

Tell me what would you say are the most important qualities of an account manager?

923

---

if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3852

---

how to get a job in stock markets for MBA-FINANCE?

2013

---

Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.

2060

---

Define the term material facts in accounting?

1175

---

1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,

1943

---

Explain me bills receivable?

1002

---

Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?

1904

---

Where do we create House banks and what is the process in sap fico

1445

---

Tell me about an invoice discrepancy you discovered and how you resolved it

1034

---

Define partitioning in accounting?

1508

---