Which Is Provincial Tax In Pakistan

Which Is Provincial Tax In Pakistan

Question: Which Is Provincial Tax In Pakistan? Excise Tax Sales Tax Import Duty Motors Token Tax Answer: Motors Token Tax is Provincial Tax In Pakistan It is known the fact that other nations who successfully gained the title of developed states maintain the rule of taxation. The tax system of Pakistan continued to grow according […]

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Pakistan Fiscal Year Starts From

Pakistan Fiscal Year Starts From

Question: Pakistan Fiscal Year Starts From 1st September 1st January 1st April 1st July Answer: 1st July Pakistan Fiscal year Starts from 1st July Beginning and ending months for a country’s accounting period is known as the fiscal year. It is truly available for accounting purpose. The accounting purpose continues with the preparation financial statements. […]

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Short term Assets are Expected to be Converted into Cash Within?

  Question: Short term Assets are Expected to be Converted into Cash Within? One year Two years Three years Four years Answer: One year  Short term Assets are Expected to be Converted into Cash Within One Year Current assets  basically known as the balance sheet that is a complete representation of the value of the assets […]

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A Ledger Is Called A Book Of

Question: A Ledger Is Called A Book Of? First Entry Secondary Entry Middle entry Primary Entry Answer: Secondary Entry A Ledger Is Called A Book Of Secondary Entry because ledger accounts are prepared after the journal. It is also known as the Primary Book and principal book because the trial balance and final accounts of […]

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A Ledger Account is Prepared From

Question: A Ledger Account is Prepared From? Income Statement Journal Cash Flow Trial Balance Answer: Journal A Ledger Account is prepared from the Journal accounts. In Accounting Cycle, Ledger is the second step after preparation of Journal entries. Accounting ledger is a book that contains all accounts of the company and includes the debits and […]

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