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What is direct income in Accounting terms and its examples ......?
Wiki User
∙ 11y ago
Direct Incomel means those which are generated throgh the manufacturing activities of the concern. eg. if u r doing a sugarcane business then if u sell the residual part of sugar after its preparation , then the income so generated is direct one.
Wiki User
∙ 11y ago
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What are the criticisms of traditional management accounting?
Only direct costs can be directly attributed to the funding agencies and their causes. The management accounting as a tool of the accountancy donå«t form the companyå«s production process in terms of value
What kind of tax is income taxes?
Tax on personal income (PIT) - is the main type of direct taxes. This tax is calculated in percentage terms of the total income of individuals less documented expenses in accordance with applicable law.
What is substance over form in accounting terms?
is a principal of accounting meaning means fully covered accounting satatements.
Since financial information is communicated in accounting terms. Accounting is said to be?
Language of business
What are principle accounting reports involved in financial reporting in general terms what is the purpose of these reports?
The results of the accounting process are the 5 core financial sections: Balance sheet Income statement Statement of changes in equity Statement of cash flows Notes to the financial statements.
What influence does accounting language have on everyday life?
Accounting language can be used in one's personal life because finances remain the same. Terms like budgets, income and expenses are accounting terms found in every day language.
What does red symbolizes in business?
dead people and blood ba dluck for businesses. In accounting terms, to be in the red is to have more expenses than income, which is not a good position.
What are the criticisms of traditional management accounting?
Only direct costs can be directly attributed to the funding agencies and their causes. The management accounting as a tool of the accountancy donå«t form the companyå«s production process in terms of value
What kind of tax is income taxes?
Tax on personal income (PIT) - is the main type of direct taxes. This tax is calculated in percentage terms of the total income of individuals less documented expenses in accordance with applicable law.
What is substance over form in accounting terms?
is a principal of accounting meaning means fully covered accounting satatements.
Where could one buy a dictionary of accounting terms?
You can purchase a dictionary of accounting terms from retailers such as Amazon. Once on the website, type "Dictionary of Accounting Terms" into the search field at the top of the page and press enter to bring up the item.
Since financial information is communicated in accounting terms. Accounting is said to be?
Language of business
What are principle accounting reports involved in financial reporting in general terms what is the purpose of these reports?
The results of the accounting process are the 5 core financial sections: Balance sheet Income statement Statement of changes in equity Statement of cash flows Notes to the financial statements.
In terms of accounting what is a Paying in slip counterfoil?
i do not now
What does debit mean in accounting terms?
take away from
What does appreciation mean in accounting terms?
Great value.
Book-keeping and accounting are synonymous terms?
true..
