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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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

Subsidiary objectives of Audit The audit is a critical review of the system of accounting and internal control. The objective of an audit is to…

The basic objective of auditing is to prove true and fairness of results presented by profit and loss account and financial position presented by the…