311-320: Accounting and Audit - Accountancy Forum Topics
The following is a chronological list of all the topics discussed in the "Accounting and Audit" section of Accountancy Forum. Click on the link to read more and take part in this discussion.
Total topics in this section: 1083. Showing topics 311-320
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Dear Friends I want to understand what type of input taxes can be claimed under Section 8 of Sales Tax Act 1990. Do these also include those paid on purchase / import of Fixed Assets used in manufacturing and administration. Regards.
Hi Fellows, Please point out the distinction and define briefly these three terms, that make me a bit confuse [:(]. Best regards, zafar
IAS 32, classifies financial assets according to their treatment under the following headings: i) Fair value through profit&loss account for example shares,securities,derivatives (options, futures etc) ii) Held to maturity e.g buying redeemable debentures iii) Loans&receivables e.g debtors, loans etc iv) Available for sale unqouted securities Now, I would like to ask a question from seniors that as the treatment of initial&subsequent measurment of held to maturity and loan and receivables is same (i.e initial measurement at fair value plus transaction cost and subsequent measurment at amortized cost for both classifications), then why there is a need to classify them separately? Anticipating responses from seniors. ICAPians, the unparalleled..
Why Is This Suspense Account Done Like This?!!!!
OMG I am damn stress nw,if there's a qn saying " The trial balance did not agree (debit total=95000; cr total =94800).He opened a suspense account to enable him to proceed with preparation of the draft final accounts. Ans: suspense account 180 bal b/d 200 65 45 == == DOUBT:ANYBODY knows why the bal b/d 200 is on the credit side, and not the debit side?? since if bal c/d is 200 at the cr side ,then bal b/d should be 200 on the dr side right??? i spent 1 day thinking this, why is this so complicated?!!!!
Accounting Treatment Of Forfeited Loan
Assume a company apply for short term RF from the bank.Bank facilitates the company Rs.10,000,000 loan against Pledge of Rs.20,000,000 Share Capital.Later on when company has availed the loan is forfeited by the order of the court at that time what would be the accounting treatment of this situation in the both books(In bank& Company).
Hi all I am looking for the 2005 or 2006 650 Q&A on my email address at lcarmack@gmail.com. I am willing to pay for a softcopy. Thanks Lori
Classification Of Bank Charges
Assalam-o-Alikum I hope all u r fine.Without wasting ur time i will like to highlight my problem that is classification of Bank Charges in FINANCIAL STATMENTS under the roof of income tax rules&Accounting Standards . Experts opinion is require from Accounting Engneers&Experts.
Credits Avaiable To Accas For Qualifying Icaew
plz inform me about the exemptions available to ACCAs to become ACA of ICAEW.
IFRS 5 'Non Current Assets Held for Sale' deals with the classification and measurement of assets which are intended to be disposed of within a year; and there are certain conditions which shall be complied with before classifying any asset as held for sale. Now, my question is to whether an asset held for sale and intended to be leased back shall be classified as held for sale under IFRS 5? If yes/no, why? Anticipating responses from seniors. ICAPians, the unparalleled..
What Do You Do When Your Boss Tells You To ..
What do you do when your boss tells you to manipulate Financial statements, and you are the preparer of financial statements. So if the fraud is caught by the auditors, you are the one who is going to be blamed for the fraud and not your boss. So the question is , will you give up your job OR follow your boss's intsructions? (Boss may be a high level manager or a director, chairman, whoever ) ?
