What does M mean on gold jewelry?
The 14K stands for 14 karat which is about 58% pure gold. The “M” stamp could be a couple different jewelers. What does PL 18K mean? 2y. It’s a link from ...
Category: General
Who is responsible to file and pay income tax after death?
According to section 159 of the Income Tax Act, 1961 (Act), if a person dies, then his legal representatives shall be liable to pay any sum which the dece...
Where are drawings on a balance sheet?
“Owner Withdrawals,” or “Owner Draws,” is a contra-equity account. This means that it is reported in the equity section of the balance sheet, but its norm...
What do you need to know on Form 1041?
Along the same lines, Question 4 needs to know about distributions from foreign sources, or whether or not your estate or trust funded a foreign trust. Be...
Can silver be stamped 950?
Common Silver Alloys and Their Markings Brittania silver (950): Brittania silver is an alloy made of 95% silver, which exceeds the requirement for sterlin...
Is Smith Barney still in business?
It’s official — Smith Barney is no more. Morgan Stanley announced today that it has renamed its U.S. wealth management business Morgan Stanley Wealth Mana...
Does 121 exclusion apply second home?
The relief act of 1997 repealed and replaced this provision with Internal Revenue Code (IRC) 121, a new tax-free capital gain exclusion on the sale of a p...
What is a reporting cycle?
The reporting cycle involves the running, managing, updating, and reporting of a company’s accounts. It ensures that the company is ready to begin the fol...
How is stock valued in consignment example?
If all the goods are not sold by the Consignee within the accounting period, then the unsold stock is brought into account by the Consignor. As usual, the...
How much is a tola in gold?
At present, one tola gold is equivalent to 10 grams of gold. Once used by Ancient Indian and South Asian, the weight of one tola today is equal to 180 tro...
