Bookkeeping

Bank Holiday Entitlements

Bank Holiday Entitlements

A part-time worker will get a pro rata of a full-time worker’s holiday entitlement. The minimum holiday entitlement for full-time workers is 28 days. This may or may not include bank holidays, but bank holidays do not have to be given as additional t...
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Prior period Expenses not allowable

Prior period Expenses not allowable

In view of the definition of income from Profits and Gains incorporated in Sub­section , the assessee is entitled to the benefit of exemption of the said amount as contemplated under Section 10B of the Act. Therefore, the Tribunal was justified in ex...
Cost of poor quality

Cost of poor quality

Within the total amount of quality cost, however, COPQ represents only a certain proportion. Costs do not result from only producing and fixing failures; a high amount of costs comes from ensuring that good products are produced....
PVIF Calculator

PVIF Calculator

A dollar today is worth more than a dollar tomorrow because the dollar can be invested and earn a day's worth of interest, making the total accumulate to a value more than a dollar by tomorrow. By letting the borrower have access to the money, the le...