Priyanka Gupta's Profile
Accountant
263
points

Questions
19

Answers
17

  • Accountant Asked on December 23, 2014 in Financial Services.

    Nominal money narrates more to its quantify of counting – so nominal figure of what is written on bill, while Real relates more to its purchasing power (usually between some periods of time).

    • 943 views
    • 1 answers
    • 0 votes
  • Accountant Asked on December 23, 2014 in Taxes.
    Where the taxable income does not exceed Rs. 3,00,000/-. NIL
    ii.Where the taxable income exceeds Rs. 3,00,000/- but does not exceed Rs. 5,00,000/- 10% of the amount by which the taxable income exceeds Rs. 3,00,000/-.
    • 892 views
    • 1 answers
    • 0 votes
  • Accountant Asked on December 23, 2014 in Financial Planning.
    In India since independence following major nationalizations have taken place :-
    1949 : RBI was nationalized (RBI was state owned at the time of Indian independence).
    1953 : Air India was nationalised  under the Air Corporations Act 1953
    1955 : Control of Imperial Bank of India was acquired by RBI
    1969 : 14 Indian private banks were nationalised;
    1972 : 106 insurance companies were nationalised into four insurance companies
    1973 : Coal Industry and Oil companies were nationalised
    1980 : 6 more Indian private banks were nationalized
    • 1171 views
    • 1 answers
    • 0 votes
  • Accountant Asked on December 19, 2014 in Financial Services.

    Prior to that all notes were issed on behalf of CROWN by Finance Ministry, the ultimate monetary authority for Indian Currency. subsequent to delegating the currency issuing function to RBI, all higher denomination notes were issed by RBI. Only as a matter of convention the one rupee note continued to be signed by Finance Secratary.Probably prior to 1949 one rupee note was the highest denomination note in circulation.

    • 837 views
    • 1 answers
    • 0 votes
  • Accountant Asked on December 13, 2014 in Funds.

    Margin of Safety = Actual Sales – Breakeven Sales

    This answer accepted by Suveer Sachdeva. on December 13, 2014 Earned 15 points.

    • 3009 views
    • 4 answers
    • 3 votes
  • Accountant Asked on October 31, 2014 in Accounting.

    A company’s revenue minus its cost of goods sold. Gross profit is a company’s residual profit after selling a product or service and deducting the cost associated with its production and sale.

    • 1554 views
    • 2 answers
    • 1 votes
  • Accountant Asked on October 31, 2014 in Accounting.

    Complementing the balance sheet and income statement, the cash flow statement (CFS), a mandatory part of a company’s financial reports since 1987, records the amounts of cash and cash equivalents entering and leaving a company. The CFS allows investors to understand how a company’s operations are running, where its money is coming from, and how it is being spent. Here you will learn how the CFS is structured and how to use it as part of your analysis of a company.

    • 1140 views
    • 2 answers
    • 1 votes