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The tax calculation on proprietorship depends on the income and tax laws of the specific country.
Tax on proprietorship is calculated based on the income generated by the business.
The tax rate may vary depending on the tax laws and regulations of the country.
Deductions and exemptions allowed for business expenses can also affect the tax calculation.
For example, in the United States, sole proprietors report their busines...
P2P process refers to the procurement-to-payment process, which involves the entire cycle of purchasing goods or services and paying for them.
P2P process involves requisitioning, purchasing, receiving, and paying for goods or services.
It starts with a purchase requisition, which is then approved and turned into a purchase order.
The goods or services are received and inspected, and an invoice is generated.
The invoice is...
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Outstanding liability is a debt that is yet to be paid while accrued income is revenue that has been earned but not yet received.
Outstanding liability is a current liability that is recorded on the balance sheet until it is paid off.
Accrued income is recorded as a current asset on the balance sheet until it is received.
Examples of outstanding liabilities include unpaid bills, wages, and taxes.
Examples of accrued income...
The question is unclear and does not make sense.
The question is grammatically incorrect and lacks clarity.
It is not clear what is meant by 'disqualify' and 'apply for'.
Without further context or clarification, it is impossible to provide a meaningful answer.
As an accountant, I do not choose employees for the company. My role is to manage financial records and provide financial analysis.
As an accountant, my primary responsibility is to manage financial records and ensure accuracy in financial transactions.
I provide financial analysis and reporting to help the company make informed business decisions.
The task of choosing employees typically falls under the HR department or ...
I applied via Naukri.com and was interviewed in Sep 2023. There was 1 interview round.
I applied via Company Website
Debit and credit are the two sides of every financial transaction. Debit is an entry on the left side, and credit is an entry on the right side.
Debit represents an increase in assets or a decrease in liabilities or equity.
Credit represents a decrease in assets or an increase in liabilities or equity.
Debit and credit must always balance in every transaction.
For example, when a company purchases inventory with cash, the ...
Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.
Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.
It is calculated based on the useful life of the asset and the method of depreciation chosen.
Examples of assets that are subject to depreciation include buildings, vehicles, and equipment.
Depreciation can be straight-l...
I appeared for an interview in Feb 2025, where I was asked the following questions.
MBA HR Finance, & Marketing
Sales marketing and business
Computer all work and data entry work
I applied via Company Website and was interviewed in Nov 2019. There were 3 interview rounds.
I applied via Approached by Company and was interviewed before Mar 2021. There was 1 interview round.
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