Effect of different Classes of Income on Assessment
Business

Effect of different Classes of Income on Assessment

The Effect of different Classes of Income on Assessment An income tax is a government tax on the taxable profit earned by an individual or…
Rules of Perquisite
Business

Rules of Perquisite

Rules of Perquisite Perquisite is a casual emolument or benefit attached to an office or position in addition to salary or wages which is availed…
What is meant by Perquisite as per Income Tax Ordinance 1984’s provisions?
Business

What is meant by Perquisite as per Income Tax Ordinance 1984’s provisions?

Perquisite is a casual emolument or benefit attached to an office or position in addition to salary or wages which is availed by an employee.…
How Expectation Gap can be narrowed down?
Business

How Expectation Gap can be narrowed down?

The term expectation gap is defined as a gap between the expectation of users of assurance reports, particularly of audit report under the companies act…
Scope Limitation
Business

Scope Limitation

Scope Limitation is the fact that the scope of the audit is limited in some way, e.g. owing to restrictions beyond the client’s control. In…
Inappropriateness of Going Concern
Business

Inappropriateness of Going Concern

Going concern is an essential principal assumption in accounting. It is one of the fundamental assumptions in accounting on the basis of which financial statements…
Factors that causes Substantial Doubt about Going Concern of company
Business

Factors that causes Substantial Doubt about Going Concern of company

Going concern is an essential principal assumption in accounting. It is one of the fundamental assumptions in accounting on the basis of which financial statements…
Basic Function of Comptroller and Auditor General
Business

Basic Function of Comptroller and Auditor General

Basic Function of Comptroller and Auditor General The Comptroller and Auditor General (C & AG) is an authority established by the constitution who audits all…
Concept of Going Concern
Business

Concept of Going Concern

Concept of Going Concern Going concern is one the fundamental assumptions in accounting on the basis of which financial statements are prepared. Going concern means…
Flowchart
Business

Flowchart

A flowchart is a type of diagram that represents an algorithm, workflow, or process, showing the steps as boxes of various kinds, and their order…
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