Mr.K has paid new EB line deposit for his agricultural land. Is it is added to fixed asset value directly? will it increase the value of asset?
How to post entry for this
Dear Sir,
I have created Insurance under deposits as it give a return without any fluctuation, but my friend is arguing that it will come under investment.
I have a major confusion regarding Insurance, that whether it comes under deposits or investments.
Kindly clear my doubt.
What is the treatment of preoperative expense under IFRS
Answer nowHello
Could you please suggest what will be the accounting treatment of one time upfront charges paid to government for purchase of industrial land on lease , Annual lease component is separately shown in the compensation charged by the government...?
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Answer nowunder which head can put Office plants and pots and wall photos worth AED 2000/-
Can put under expense Office plants and wall photos?
In case of cash discount given to a buyer, the seller will record Discount Allowed as an expense in Profit and loss account. Which document will be issued to the buyer showing the amount of discount allowed to him?
Answer nowDear Sir/Madam
Please guide me on below issues :-
1. What is the Accounting Treatment of Gain/Loss on Defined Benefit Plans (Actuarial Valuation). Please provide accounting entries with nature of Account i.e. Balance Sheet item or P&L item
2. What is the treatment of OCI in calculation of MAT or Deferred Tax Assets / Deferred Tax Liability
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EB line for land