pooja's Profile
Trainee
124
points

Questions
18

Answers
23

  • Trainee Asked on December 17, 2014 in Accounting.

    A business deal between two related parties. For example, a business transaction between a major shareholder and the corporation, such as a contract for the shareholder’s company to perform renovations to the corporation’s offices, would be deemed a related-party transaction.

    • 714 views
    • 2 answers
    • 2 votes
  • Trainee Asked on December 17, 2014 in Funds.

    Margin of safety is the extent by which actual or projected sales exceed the break-even sales. It may be calculated simply as the difference between actual or projected sales and the break-even sales.

    Margin of Safety = Budgeted Sales − Break-even Sales

    • 1738 views
    • 4 answers
    • 3 votes
  • Trainee Asked on December 17, 2014 in Funds.

    The key tax implications applicable to unit holders based on the relevant provisions under the Income-tax Act, 1961 (‘Act’), the Wealth-tax Act, 1957 and the Finance Act, 2006.

    The tax implications of the following income received by the investors are discussed below:

    Income on units (other than sale/redemption);
    Income on sale/redemption of the units

    • 677 views
    • 1 answers
    • 0 votes
  • Trainee Asked on November 21, 2014 in Accounting.

    Advantages of proprietary firms are  Easy Formation,Better Control,Quick Decision Making,Flexibility in Operations and No Legal Formalities required.

     

    • 645 views
    • 3 answers
    • 0 votes
  • Trainee Asked on November 20, 2014 in Accounting.

    None of the financial statements will report the value of a business. The main financial statements (balance sheet, income statement, statement of cash flows, statement of stockholders’ equity) may provide some helpful partial information, but they will not report the value of the business.

    Two reasons why the value of a business is not included in the financial statements are:

    • The financial statements are generally based on the company’s past recorded transactions. The value of the business will more likely be based on the perceived future transactions.
    • The accountants’ cost principle prohibits a business from reporting some highly-valued assets such as trademarks, brand names, and an effective management team (assuming these were developed internally).
    • 438 views
    • 1 answers
    • 0 votes
  • Trainee Asked on November 20, 2014 in Mortgages.

    There are many types of mortgage, each with its own interest rate, fees and flexibility. All these things affect how much the loan costs you and when it will be paid off. Here we explain the differences in order to help you work out which is the right type of mortgage for you. i.e. Fixed rate mortgage, Tracker mortgage,Discount mortgage and Offset mortgage.

    • 596 views
    • 1 answers
    • 0 votes
  • Trainee Asked on November 20, 2014 in Real Estate.

    Anyone who earns a real estate license can be called a real estate agent, whether that license is as a sales professional, an associate broker or a broker. State requirements vary, but in all states you must take a minimum number of classes and pass a test to earn your license. Real estate broker is a  person who has taken education beyond the agent level as required by state laws and has passed a broker’s license exam. Brokers can work alone or they can hire agents to work for them.

    • 575 views
    • 2 answers
    • 0 votes
  • Trainee Asked on November 20, 2014 in Business and Finance.

    Finance focuses on all aspects of money management, such as investment, collection, disbursement, borrowing, and fund-raising. These individuals prepare financial reports needed to conduct operations and to satisfy tax and regulatory requirements.

    • 581 views
    • 1 answers
    • 0 votes
  • Trainee Asked on November 15, 2014 in Small Business.

    Net income is the portion of a company’s revenues that remains after it pays all expenses. Owner’s equity is the difference between the company’s assets and liabilities. It is the shareholders share of the proceeds if you were to liquidate the company today. The relationship between net income and shareholders equity is through retained earnings, which is a balance sheet account that accumulates net income.

    • 592 views
    • 1 answers
    • 1 votes
  • Trainee Asked on November 15, 2014 in Personal Finance.

    Ways To Improve Your Credit Score, Fast.

    • Dispute errors.
    • Check your limits.
    • Get a credit card.
    • Become an authorized user.
    • Under-use your cards
    • Raise your credit limit.
    • Don’t close any cards.
    • Mix it up.
    • Pay your bills on time.
    • Pay your bills twice a month.
    • 712 views
    • 2 answers
    • 1 votes