Click here

Explanation

• The maximum tax adjustment is 90% of the output tax.
• This means the allowable adjustment cannot exceed 90% of the output tax.
• The remaining 10% represents the portion not adjustable under the stated rule.

Last verified on 14-08-2026

Explanation

• A company means an entity incorporated according to any law.
• A company is a legal entity created through incorporation under the applicable company law.
• Incorporation gives the company a separate legal identity from its owners or members.

Last verified on 14-08-2026

Explanation

• Machine learning in financial analytics is mainly used for predicting trends and detecting patterns.
• It analyzes large amounts of financial data to identify patterns, relationships, and trends.
• It can support forecasting, risk assessment, fraud detection, and investment analysis.

Last verified on 14-08-2026

Explanation

• When a prepaid expense is recognized as an expense, the entry is: Expense A/C Dr. → Prepaid Expense A/C Cr.
• The Expense Account is debited because an expense is now recognized.
• The Prepaid Expense Account is credited because the prepaid asset decreases.

Last verified on 14-08-2026

Explanation

• The Security Market Line (SML) represents the relationship between Beta and expected return.
• Beta (β) measures a security’s systematic risk.
• Expected return is the return investors require for taking that level of systematic risk.
• The SML is based on the Capital Asset Pricing Model (CAPM).

Last verified on 14-08-2026

Explanation

• The value for taxable services is the consideration received or receivable.
• Consideration means the amount charged or payable for providing the taxable service.
• The taxable value is generally based on the amount of consideration for the service.

Last verified on 14-08-2026

Explanation

دخیل الفاظ وہ الفاظ ہیں جو کسی دوسری زبان سے لیے گئے ہوں۔

انہیں بغیر کسی تبدیلی کے اردو میں استعمال کیا جاتا ہے۔

مثال: اسکول، میز، اخبار۔

Last verified on 14-08-2026

Explanation

• Zero tax means services are zero-rated, not exempted.
• Under zero-rating, the applicable tax rate is 0%, but the supply remains within the tax system.
• Exempt services are treated differently.
• They are specifically excluded from tax.

Last verified on 14-08-2026

Explanation

• Services originating in Punjab and delivered to other provinces should be Taxable.
• Tax treatment of services in Pakistan depends on the place and nature of the service.
• Services provided across provincial boundaries may be subject to the applicable provincial or federal tax rules.

Last verified on 14-08-2026

Explanation

• Scientific Management focuses on specialization and efficiency.
• It was developed mainly by Frederick Winslow Taylor.
• It emphasizes studying work scientifically to find the most efficient way of performing tasks.
• Specialization, standardization, training, and productivity are key features.

Last verified on 14-08-2026