Archive for 2016
SAP FICO Training
https://www.youtube.com/watch?v=qFkMLVrD2Hc&list=PL2u3Kc_iv32f0fwhwa1h1h-WoixQ2w...
Freelancer Answers
http://www.freelancehelps.com/
http://upworkelancetests.blogspot.com/
http://www.kickexam.com/upw...
How to create a new ledger account in SAP Financial Accounting
How to create a new ledger account in SAP Financial Accounting
Go to SAP Menu > Accounting >...
Inventory Count Technique
To get started, make lists from your inventory system before the physical count and use these to make...
Partial stock take
Partial stock take is a method for physical inventory count. In this method, you do not disturb the...
Rate of sales tax on services in sindh
Rate of sales tax on services in Sindh has been reduced to 13% from 14% this year while for Telecommunication...
Extent of Adjustment of Input Tax
In relation to tax period, a registered person shall not be allowed to adjust input tax in excess of...
Claim Input Tax
In a particular tax period, a registered person can adjust input tax paid on goods and services purchased...
Input tax and output tax example
An Example
For example if a registered person has bought goods that cost Rs 100 and he/she is charged...
Sales Tax Rate 2016 in Imported Textile Finished Product in Pakistan
Sales Tax Rate 2016 in Pakistan for Textile imported finished goods for sale is 17 + 2 (value addition)...
Frequency of Sales Tax Returns
Monthly >>> a registered
person is required to file monthly return by the 15th day of the month...
Who is required to be registered for sales tax?
1. all importers
2. all wholesalers (including dealers) and distributors
3. manufacturers not falling...
What is tax period in Sales tax?
It is a period of 01 month or such other period as the Federal Govt may speci...
FBR Sales Tax Annexure Details
FBR Sales Tax Annexure Details are as follows:
Annexure A: Domestic Purcahse Invoice
Annexure B: Imports
Annexure...
Advance tax on rent 2017
Advance tax on rent 2017 is 15% in case of a company.
For individual, rate card is as follows...
Withholding tax rates in Pakistan 2017
Withholding tax rates in Pakistan 2017 is as follows:
Payments of goods purchased
In case of a company...
Methods of Inventory Valuation
1. FIFO (First in First Out)
2. Weighted Average
3. LIFO (Abandoned method, not supported by IA...
What is net realisable value (NRV)?
NRV is the estimated selling price minus any cost incurred on the asset/ inventory to complete and sell...
How inventories are measured
Inventories are measured at lower of cost and NRV (Net Realisable Valu...
