Business
Effect of different Classes of Income on Assessment
The Effect of different Classes of Income on Assessment An income tax is a government tax on the taxable profit earned by an individual or…
Audit
Business
Rules of Perquisite
Rules of Perquisite Perquisite is a casual emolument or benefit attached to an office or position in addition to salary or wages which is availed…
Business
What is meant by Perquisite as per Income Tax Ordinance 1984’s provisions?
Perquisite is a casual emolument or benefit attached to an office or position in addition to salary or wages which is availed by an employee.…
Business
How Expectation Gap can be narrowed down?
The term expectation gap is defined as a gap between the expectation of users of assurance reports, particularly of audit report under the companies act…
Business
Scope Limitation
Scope Limitation is the fact that the scope of the audit is limited in some way, e.g. owing to restrictions beyond the client’s control. In…
Business
Inappropriateness of Going Concern
Going concern is an essential principal assumption in accounting. It is one of the fundamental assumptions in accounting on the basis of which financial statements…
Business
Factors that causes Substantial Doubt about Going Concern of company
Going concern is an essential principal assumption in accounting. It is one of the fundamental assumptions in accounting on the basis of which financial statements…
Business
Basic Function of Comptroller and Auditor General
Basic Function of Comptroller and Auditor General The Comptroller and Auditor General (C & AG) is an authority established by the constitution who audits all…
Business
Concept of Going Concern
Concept of Going Concern Going concern is one the fundamental assumptions in accounting on the basis of which financial statements are prepared. Going concern means…
Business
Flowchart
A flowchart is a type of diagram that represents an algorithm, workflow, or process, showing the steps as boxes of various kinds, and their order…
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