Explain howyou would account for the following
items/situations,justifying answers by reference to the
conceptual frameworks defintion and rcognition criteria.
a)A trinket of sentimental value only
b)You are the guarantor for your friends bank loan
i) You have no reason to belive that your friend will
default on the loan
ii) As your friend is in serious financial
dificulties,you think it is likely that he will default on
the loan
c)You receive 1000 shares in X Ltd,trading at $4 each,as a
gift from a grateful client.
d)The panoramic view of the coast from your cafes
windows,which you are convinced attracts customers to your
cafe
- 0 Answers
- 3201 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
Is sensex opens in morning with same points with which it was closed on eve of previous day or may its points change in night?
Expand--------AA
what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
Explain about Fixed capital
Describe the procedure for computing the loss of stock by fire.
what will be the entry if advertisement suspence a/c is on asset side of balance sheet?
what is goods in transit and how to pass an entry
Wat is the diff.between revenue and capital expenditure? Wat is meant by deffered revenue expenditure?
14 Answers TCI, TCS,
sir.i jitendra surati have a query.aboutloss settelment. i have loss of capital rs 26000/ and mr friend have loss of rs106000/- as capital. how to compensate the loss by sharing?how many i have to give to my friend ? (A)26000+106000=132000 and i have to give him 66000? or 40000 rs?
what is demand?
defination of letter of credit
what is insider trading?
Audit 
