AccountingConcept of Value Added Tax (VAT) and its Computation Concept of Value Added Tax (VAT) and its Computation Value added tax (VAT) is known as the most recent and effective innovation in the taxation…
AccountingConcept of Value Added Accounting Concept of Value Added Accounting Value Added Accounting is the difference between the cost of goods purchased by a business and its revenue. There is…
AccountingCharacteristics of Value Added Tax (VAT) Value Added Tax (VAT) is an indirect tax on spending. It produces large and regular tax revenue. It helps to reduce tax evasion. It is…
Modern CivilizationMultimedia Resources as Learning Tools While there is no doubt that the interest in technology education is rising, the fast progression in the past years has been impressive. Multimedia applications…
AccountingDisadvantages of Value Added Tax (VAT) Value Added Tax (VAT) is tolerated by final consumers, so it is a consumption tax. It has the advantage of offering an efficient way to…
Geographic MineralsMadocite: Properties and Occurrences Madocite is a mineral with a general formula of Pb17(Sb, As)16S41. It is an orthorhombic-pyramidal grayish black mineral containing antimony, arsenic, lead, and sulfur. It…
AccountingAdvantages of Value Added Tax (VAT) A VAT is tolerated by final consumers, so it is a consumption tax. A huge amount of revenue is generated on a low tax rate…
AccountingTypes of Value Added Tax (VAT) Types of Value Added Tax (VAT) A VAT is levied on the difference between the purchase cost of an asset and the price at which…
OtherHow to draft a Termination Letter? Termination letters are also called a pink slip, contract termination letter, letter of separation, and notice of termination of employment. For the recipient, it is…
AccountingPrinciples Governing Value Added Tax (VAT) Principles Governing Value Added Tax (VAT) A value-added tax (VAT) can be explained as a type of consumption tax. It is based on a taxpayer’s consumption rather…
AccountingConcept of Auditing Concept of Auditing Auditing is the process of examining the financial statement and information of the entity. The word ‘Audit’ is derived from the Latin…
Geographic MineralsMackinawite: Properties and Occurrences Mackinawite is an iron-nickel sulfide mineral with formula (Fe, Ni)1+xS (where x = 0 to 0.11). It is a tetragonal iron-nickel sulfide mineral that occurs…