A physical verification of fixed assets should be done on a regular basis and comments from these verifications should be updated accordingly. There are times when the asset is recorded in the books but physically there is no such asset.
Tell me what is a property taxation?
What is the effect accounting taxation?
Tell me what is taxation without representation?
What does government use taxation for?
Tell me what is taxation?
What is Sale in Transit Transaction and what are the forms issued and get form parties?
Give an example of an assessment year?
Tell me what is an income tax?
Can you please define assessment year for taxation?
Tell me about the taxation principles?
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