Question
Given the following information, calculate the Deferred
Tax Asset (DTA) or Deferred Tax Liability (DTL) amount if the tax rate is 30%: Profits as per Income Tax: ₹55,000 Profits as per Books of Accounts: ₹45,000Solution
Deferred Tax Asset (DTA) arises when the book profit is less than the taxable profit. The difference in profits is ₹10,000 (₹55,000 - ₹45,000). The DTA is calculated as: DTA = Difference in Profits × Tax Rate = ₹10,000 × 30% = ₹3,000
Calculate Cash ratio of the company?
The observation of people at work that would reveal the one best way to do a task is known as
Within how many days an employee can apply for gratuity from the date when gratuity becomes payable?
Within how many days a person should apply for registration?
Opening Stock ₹ 17,000
Purchases ₹ 61,400
Direct Expenses �...
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Which of the following statements is FALSE with regard to working capital management?
Post-merger, the acquirer reports a goodwill of ₹120 crore, 40% higher than the net assets acquired. Upon impairment testing, only ₹10 crore is reco...
