Can grants made in stage payments but not yet received be
accrued as grants receivable?
Answer / guest
Yes. Grants that have not been received in full can be
shown under "Grants Receivable" as long as the charity is
legally entitled to them and the trustees know the actual
figure they will be receiving.
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Why interest on partner's loan is not transferred to his capital account? What is the logic for transferring it to his current account/ loan account or accrued interest account?
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40. If revenue was $70,000, expenses were $59,000, and the owner’s withdrawals were $25,000, the amount of net income or net loss was: a) net income of $11,000 b) Net income of $36,000 c) Net loss of $59,000 d) Net income of $70,000
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
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Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.
0 Answers Dixit Infotech, KSS,
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