Financial Accounting
Here you can find some interesting and basic knowledge about Financial Accounting.
Actually i will share what i learn. If I am wrong then please correct and direct me by using the comments. i will be happy to receive your comments. Thanks
Case Studies:
1. Sole Proprietorship Trade Business (Complete Case Study)
2. Sole Proprietorship Manufacturing Business (Complete Case Study)
3. Partnership (Equal Share Profit and Loss) Trade Business (Complete Case Study)
4. Profit and Loss Appropriation Account in Partnership (Example)
5. Dewan Farooque Motors Limited Annual Reports 2001 (Original Case Study)
6. Pakistan State Oil Financial Reports
In Near i will also upload the public limited and private limited
All i can say you really got a lot of good things about accounting,we i am also learn about it,i also use to be in accounting in Finland and i think i need to do more a lot about it,in that way i can say i am professional too.
How to set taxes following in OpenERP?
PRIVATE LIMITED FORMULA FOR INVOICE.
PRODUCT NAME QUANTITY RATE AMOUNT.
Sugar 22000KG 21.00 4,62,000/-
________
(Gross Price including
With Profit margin) 4,62,000/-
BASIC EXCISE @12% (462000*12%) 55,440/-
EDU.CESS@2% (55440*2%) 1,109/-
SEC.HIGHER EDU CESS@1% 5,54/-
(55,440*1%)
________
5,19,103/-
VAT @4% (519103*4%) 20764/-
ADD VAT@1% (519103*1%) 5191/-
_________
5,45,058/-