SAP GUI Title Bar Customization

The SAP GUI title bar can be customized to display details such as the Environment, Client, User ID, Transaction Code, Description, and more. Follow the steps below to enable this feature: Place the file Esession.txt into the folder you just created (C:\GUIxt\scripts). If the configuration window still doesn’t appear, you may need to download and […]

TDS 194Q vs TCS 206C

  TDS 194Q TCS 206C(1H) Applicable on Purchase of Goods Sale of Goods Effective Date 01st July, 2021 01st October, 2020 Who is responsible for TDS / TCS Buyer Seller Meaning of Buyer Buyer means a person carrying on business whose total sales, gross receipts or turnover from the business exceeds Rs.10 crores during the financial year […]

Residual value/Salvage value/ Scrap value

What is the difference between residual value, salvage value, and scrap value? The terms residual value, salvage value, and scrap value are often used when referring to the estimated value that is expected at the end of the useful life of the property, plant and equipment used in a business. This estimated amount is used to calculate […]

Difference between Reserves and Provisions

Reserves Reserves are the investment derived from the dividend itself. When an owner of the company reinvests his dividend back into the same company itself can be called as reserves.  Provision Provision is an amount accounted in books to cover a future liability.  The following table will give you a clear picture of reserves and […]

Contingent Asset & Liability

Contingent Asset & Liability Contingent Asset Is a possible asset that may arise from a future event, and that is not under the business’s control. Its be realised asset only after it becomes certain.  Eg. A lawsuit filed against a competitor for infringement of design/trademark, and chances of getting one crore as compensation.  Contingent Liability […]