Growsheeen

 1. What are bonus shares? When shares are issued in the form of shares, such shares are called bonus shares. 2. What are rights shares? The offer of fresh issue of shares made by the company to the existing holders of equity shares in the specified manner is known as a "rights issue of shares". It is an advantage to the existing shareholders especially when the market value of shares is a higher than there issue value. 3. What are divisible profits? The part of total profit of the company which is available for distribution of dividend among the shareholders is called a divisible profits. 4. What is book building method of issue of shares? According to book building method, all the applications received or arranged in the specified manner and A final prices arrived at which is called cut-off price. It is the price at which there are issue due to the investors. 5. What are redeemable debentures? For certain debentures, the debenture amount is a paid back to the debenture hold...

 1. What is assessment year? Assessment year {sec.2(9)}: assessment year is a period of 12 months comments in on 1st April every year and ending on 31st March of next year. Assessment year is the financial year immediately succeeding the previous year, e.g. for previous year 2020-21, assessment year will be 2021-22. 2. Give two examples of direct tax. Wealth tax Income tax Property tax. 3. Give two examples of indirect tax. GST VAT ( value added tax) STT Service tax. 4. Expand: PAN and URPF PAN : permanent account number. URPF: un-recognized provident fund. 5. Who is a resident in India? And invisible is a said to be resident in India in any previous year, if he satisfy any of the two basic conditions and both the subsequent conditions. 6. What is perquisites? According to section 17 (2) of the income tax act the term "perquisites" its maybe defined as any casual emolument aur benefit attached to an office aur position in addition to salary or wages. It represents personal be...

 1. Who is an auditor The person conducting audit is known as auditor.  Or  In other words auditor is a qualified and independent expert person who examiners the accounts of business concern and preposition weather the final accounts are reliable or not. 2. What is error? Error means- and an intentional mistake in financial information. In other words and error maybe any an intentional mistake or miss description in the book of accounts or records. 3. Give the meaning of audit notebook. How did notebook is a register maintainer by the audit stuff to record important points observed, errors, doubtful queries, explanations and clarifications to be received from the clients. 4. What is qualified audit report? When the auditors is not a satisfied with the accounts to firm is called a qualified audit report. 5. What is the statutory audit? Statutory audit is the audit of accounts of a business enterprises carried or to compulsoryly under the provisions of a law. 6. What is int...