TIMEPASS-UPDATE

  Equity and liability 1. Shareholders fund   a. Share capital   b. reserves and surplus   c. money received against share warrants 2. Share application money pending allotment 3. non current liability  a. long-term borrowings  b. deferred tax liabilities  c. long term provisions  d. other non current liability  4. Current liability   a. short term borrowings  b. trade payables  c. short term provisions  d. other current liability ASS ETS  NON CURRENT ASSETS     1. a.ppe        b.intangible assets        c. Capital work in progress        d. intangible assets under development     2. non current investments     3. DEFERRED TAX ASSETS     4. LONG-TERM LOAN AND ADVANCES     5. OTHER NON-CURRENT ASSETS  CURRENT ASSETS     1. CURRENT INVESTMENTS     2. INVENTORY     3. TRADE...

BEHOLD MY GREATNESS. MY KNOWLEDGE. BUYBACK LIKE NEVER BEFORE. CHECK IT OUT NOW!!! The Beginning. Only a handful of journal entries can bring you marks like no other topic- 5 marks guaranteed. only have to memorise a sure formula for the amount of maximum buyback you can do, and you can grab all the marks this topic has to offer.  The first journal entry that you should learn is:- 1. equity share capital ACC dr.    premium on buyback ACC dr.             to eq uity shares buyback ac. ACCRUAL AT ITS BEST. ENTRY AT DUE. AM I RIGHT? GO FOR IT. YOU GOT THIS.  2. Free reserves ACC. dr.    Security premium ACC. dr.            to premium on buyback account. YOU HAVE GOT TO WRITE OFF THOSE PREMIUMS WITH SOMETHING. LAWS SAYS, "USE FREE RESERVES, MR.ACCOUNTANT" 3. equity shares buyback ACC. dr.      to bank ACC.  TIME TO PAYBACK, GOT TO PAYBACK. PAYBACK. YEAH, PACKBACK- JAMES BROWN. 4. Free...

a very serious blog about salary.  hehehehehehhehehehehe In the old and new times, when a person used to be an employee, he earned more than just basic salary, there was dearness allowances, commissions, gratuity, provident fund,bonus, advance salary,perquisites, all i am saying is there were a whole lot of things to take care of.  Things that doesn't come inside your head that easily.  and that's why the likes of me use this secret technique passed down by generations to memorise stuff. get it done. get it together. your know how it works.  STEP 1- NOW LET ME READ SOME PAGES, THEN I WILL COME BACK AND SUMMARISE IT HERE. I MAY MAKE MISTAKES, BUT ITS ALL PART OF THE PROCESS.  1. some basics of salary is that     - taxable when due or receipt whichever is earlier.      - relationship b/w employer and employee, whether part time or full time doesn't matter.  ----- advance salary is taxable when receipt, not again at accrual.   ...