what is Exceptional and extraordinary items under scheduled III of balance sheet and also provide the list of the exceptional items and the extraordinary items.
Sir
Pl tell the journal entry of buy back of shares by co in books of investor...
Is this buyback considered as taxable or not.
Regards
whether fixed deposit ( Term deposit) comes under cash and cash Equivalent under scheduled III ?
Hi All,
A Listed company has an accounting policy as follows.
"Expenses more than 1Cr are only considered as prepaid and amortized, all other expenses are charged to P&L."
Is this allowed ? If so, do we have a reference in any standard or guidance note ?
Sir,
If a professional income it person account records up to date f.y.23-24. some dates cash shortage (nagative) show in books.
Question:
How the procedure source of cash generated (nagative) adjustment in books.
School van was purchased through finance, how to entry the due amount with interest in tally.? for ex: Due amount was Rs.20000 & interest was Rs.10000. In tally single entry system, i made entries in payment voucher like, accounts - bank a/cs (credit ); ledger- finance due (debit )-20000 ; interest (debit)-10000; in total 30000/-. is that right.?
When accounting for an investment in an associate or a subsidiary or a joint venture, an investor restricts its reporting in the cash flow statement to the cash flows between itself and the investee/joint venture, for example, cash flows relating to dividends and advances. what does restrict mean?
what would be the accounting group of security deposit of rent received.
F&O trade dated 30 March 2023 / 31 March 2023 is billed on 01 Apr 2023 for Rs. 278500 (gain).
Is this gain amount is related to FY 2022-23 or FY 2023-24.
Kindly explain.
what come under short term investment under current assets.
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What is Exceptional and extraordinary items