DealMarkaz.pk, a premier free classified ads website

DealMarkaz.pk is the premier free classified ads website where users can post free ads.

Launched in June 2016, the site has quickly established itself in the forefront of the industry.

DealMarkaz.pk is unique in the dotcom world because it is not controlled by venture capital funding.

It offers its users the ability to search and post local classified ads in all cities in Pakistan so that they can maximize their coverage within any target market regardless of whether or not someone is a DealMarkaz.pk user. The site provides a free sign up facility, and to ensure the safety of its users it reviews all ads before posting them.

A great amount of effort is made to ensure that Buyers and Sellers alike have a venue to list items and find the best deals on the net. Sellers will find a simple listing process, with the ability to upload photos with their ads. Also the content that is posted on the site is filtered and monitored so that the desired content that is searched is of good quality and meet the requirements of the market.

DealMarkaz.pk not only offers buy sell ads, it also offers

jobs classified ads
services classified ads
vehicles classified ads
real estate classified ads

DealMarkaz.pk do not participate in any kind of publicity that is not in accordance with the customs of society and country.

 

Moving Blog

Blog moved to:

 

http://www.solbiztech.com.pk/

You may also explore our Marketing Blog and SEO Spider for online marketing help.

Seminar: OpenERP 7 Module Development Overview, 2013, CIIT Islamabad, Pakistan

Seminar
OpenERP 7 Module Development Overview
Date & Timing: Thursday, 27 June 2013, 10AMDuration: 2 hour & 30 minutes Registration: Free	Venue:Lab, Computer Science Dept, CIIT-Islamabad
ASERG Computer Science Department of CIIT-Islamabad offers OpenERP v7 seminar. Interested current students of computer science of (7th & 8th) Semester can register by sending an email at cdacdea@gmail.com with subject [Seminar Registration]. This seminar will cover a basic functional overview and detail technical areas of OpenERP including following contents;
Contents OpenERP Introduction OpenERP Installation Overview Apps and Module Installation Module Development Key Concepts Overview of Module in Eclipse Module Development Example Practice OpenERP Helping Material
SpeakerMohsin Yaseen Domain Expert: ASERG-CS-CIIT-Islamabad

FIFO, LIFO and Average Closing Stock Costing by Perpetual and Periodic Example

Problem

Accounts of ABC Ltd as on 31st Dec, 1997

Dec, 1997
1	Opening Stock 300 Units @ Rs. 9.70
3	Purchases 250 Units @ Rs. 9.80
11	Issues 400 Units
15	Purchases 300 Units @ Rs. 10.05
20	Issues 210 Units
25	Purchases 150 Units @ Rs. 10.30
26	Issues 100 Units

Work out the value of closing stock under the following methods of pricing

1. FIFO (Perpetual)
2. LIFO (Perpetual)
3. Weighted Average (Perpetual)
4. FIFO (Periodic)
5. LIFO ((Periodic)
6. Weighted Average (Periodic)

Solution

FIFO (Perpetual)

Date	Purchase			Issues			Balance
Dec, 1997	Qty	Rate	Value	Qty	Rate	Value	Qty	Rate	Value
1							300	9.7	2910
3	250	9.8	2450				300	9.7	2910
							250	9.8	2450
11				300	9.7	2910	150	9.8	1470
				100	9.8	980			0
15	300	10.05	3015				150	9.8	1470
			0				300	10.05	3015
20			0	150	9.8	1470	240	10.05	2412
			0	60	10.05	603			0
25	150	10.3	1545				240	10.05	2412
			0				150	10.3	1545
26			0	100	10.05	1005	140	10.05	1407
			0				150	10.3	1545
Value of Closing Stock							290		2952

LIFO (Perpetual)

ITIL Course ITI597 Videos by Charles Sturt University

ITI597 IT Infrastructure Library Foundation

This is a great set of videos for learning ITIL = Information Technology Infrastructure Library.

Abstract: This subject introduces the concepts of IT Service Management (ITSM) based on the IT Infrastructure Library (ITIL). It describes a set of processes involved in developing an IT framework and features the exciting and hands-on High Performance simulation that provides an interactive learning experience throughout the course. This results in a thorough grounding in the basic theory of ITSM, which can be used to participate in ITSM projects at any level.
University: Charles Sturt University

Presented By : Marco Cattaneo
1. CSU: ITIL v3 Introduction to the subject ITI597

2. CSU: ITIL v3 The Concept of Good Practice
3. CSU: ITIL v3 The Concept of a Service
4. CSU: ITIL v3 The Concept of Service Management
5. CSU: ITIL v3 The Concept of Functions and Processes
6. CSU: ITIL v3 The Concept of a Process and its Characteristics

2012 in review

The WordPress.com stats helper monkeys prepared a 2012 annual report for this blog.

Here’s an excerpt:

19,000 people fit into the new Barclays Center to see Jay-Z perform. This blog was viewed about 80,000 times in 2012. If it were a concert at the Barclays Center, it would take about 4 sold-out performances for that many people to see it.

Click here to see the complete report.

HEC Business & Computer Sciences Road Map 2012

Business Sciences Road Map, as define by HEC, 2012

Computer Sciences Road Map, as define by HEC, 2012

Taxation Accounting Handling in Pakistan as Withholding Tax Agent

Dear readers, I have decide to write tutorial for you about how taxation are done in Pakistan. The tutorial consists of four portions, First tax chart & tax ratios in Pakistan, scenarios in this tutorial will be cover, pricing from a supplier’s products including sale tax and finally the accounts handling of purchase & taxation as withholding tax Agent.

Let start

Tax Chart & Tax Ratios in Pakistan:

Below I have selected few heads for tax charts, with mentioning its nature and tax ratio.

Tax Chart	Nature	Tax (in percent)
Sale tax	Payment of Goods	16.00%
Income Tax	Payment of Goods	3.50%
Income Tax	Services	6.00%
Income Tax	Brokerage and Commission (Advertising Agent)	5.00%
Income Tax	Print Media and News Papers	Exemption

Scenarios:

Lets assume Company ABC purchases goods from Supplier S. Supplier S may be registered or unregistered. Below are two scenarios

Scenario	Description
a	If Supplier S is registered then Sale Tax 16% is narrated, in such a way that 20% will paid by Withholding Agent (Company ABC) and rest of 80% will be paid by registered Supplier S to Govt Treasury.
b	If Supplier S is unregistered then Sale Tax 16% is narrated, in such a way that 100% will paid by Withholding Agent to Govt Treasury.

Pricing from a Supplier’s Products Including Sale Tax and Income Tax:

Situation a			Situation b
Registered Supplier S Pricing			Unregistered Supplier S Pricing
Product P Gross Price including With Profit margin	191.88		Product P Gross Price including With Profit margin	191.88
Income Tax @ 3.5	8.12		Income Tax @ 3.5	8.12
Product P Selling Price including income tax	200		Product P Selling Price including income tax	200
Sale Tax @ 16%	32		Sale Tax @ 16%	32
Product P Selling Price including Sale tax	232		Product P Selling Price including income tax	232
Supplier S Sale Tax Amount to submitRules for Sale Tax:Supplier S have to submit this 32 Rupees (Sale Tax @ 16%). But According to Rule for Registered Supplier, Supplier S only submit 80% of 32 to Govt Treasury and Rest of 20% of 32 will be submitted by Company ABC (Withholding Agent) to Govt Treasury on behave of Supplier S.	25.6		Supplier S Sale Tax Amount to submitRules for Sale Tax:Supplier S have to submit this 32 Rupees (Sale Tax @ 16%). But According to Rule for Unregistered Supplier, 100% of 32 will be submitted by Company ABC (Withholding Agent) to Govt Treasury on behave of Supplier S.	0

Accounts Handling of Purchase & Taxation as Withholding Tax Agent:

Suppose company ABC is the registered withholding tax agent. Company ABC purchasing a product P from Supplier S. Here in this example we will discuss how company ABC maintains its accounting transaction when Supplier S is registered and unregistered.

Lets start

Supplier S is Registered				Supplier S is Unregistered
Description	Dr	Cr		Description	Dr	Cr
Purchase Entry				Purchase Entry
Product P (Purchase or Expense )	232			Product P (Purchase or Expense )	232
Account Payable		217.48		Account Payable		191.88
Sale tax Payable 20% of GST (GST @ 16%)		6.4		Sale tax Payable @16%		32
Income Tax Payable @ 3.5		8.12		Income Tax Payable @ 3.5		8.12
Payment Entry				Payment Entry
Account Payable	217.48			Account Payable	191.88
Bank/Cash		217.48		Bank/Cash		191.88
Withholding Tax Return				Withholding Tax Return
Sale Tax Payable With Holding Sales Tax deducted From Supplier S	6.4			Sale Tax Payable With Holding Sales Tax deducted From Supplier S	32
Income Tax Payable With Holding Income Tax deducted From Supplier	8.12			Income Tax Payable With Holding Income Tax deducted From Supplier	8.12
Bank/Cash		14.52		Bank/Cash		40.12

In coming new post I will show how this small example will be implemented in OpenERP.

“ERROR SOLUTION;SERVER CRASHED DURING DATABASE CREATION IN OpenERP”

If anyone found error during database creation in OpenERP like;

“Server crashed during database creation

  We suggest you to drop this database”

Then you must have to select any language from the default language box and don’t

let it empty; your error will be removed in this way.

The same error I faced few days before, I tried too hard to remove it but nothing worked, and finally I tried the same method and my error solved. You should try this technique and I hope it will satisfy you.

Thanks !

My Home Theater

Samsung D5000 40”

Sony 5.1 Home Theater

Play Station 3

Dish TV

1 TB Media Drive

1 TB PS3 Games Backup Drive

2 TB Data Backup Drive

Lenovo Think pad x200

and My Room and Me