Is compulsory to prepare Fund flow statement?.
Who will prepare FFS? Company or Anyother person?

Hi,
We have a requirement for one of the client where we recognize revenue only once a milestone is achieved. That milestone represents that the performance obligation has been completed. So for example if we they start providing services from 1st jand and they completed the milestone on March. So ideally as per 606 we need to recognize revenue only in march since we need to recognize revenue only once performance obligation is completed. Howe ever they incurred some costs in Jan and feb but no revenue recognized in those months. So there will be only costs and revenue in Jan and Feb which is against the matching concept. Can some one help in this query? Do we need to defer costs as well?

Sir,
I have an issue relating to issue of free sample.
I am giving finished goods as sample in the month of August. I want to know how to account these issue.
I would like to know whether treatment of issue of sample as sale with no invoice value is correct or not.( There by i can reduce my stock quantity).

Dear Team,

We have passed journal entry for Gratuity payable dated 31.3.19 as follows:
Gratuity A/c Dr
To Gratuity payable A/c

If there was no gratuity paid for the payable amount entered earlier and the new provision has to be created for the FY 19-20.
In this scenario, what about the old payable balance entered on 31.3.19.

Will that be added to current year provision? Or is there a cancellation entry for the old amount?

Hello Experts,
as per RBI circular clause 4.2.5 Upgradation of loan accounts classified as NPAs

If arrears of interest and principal are paid by the borrower in the case of loan accounts classified as NPAs, the account should no longer be treated as non­performing and may be classified as ‘standard’ accounts.

My question: if partial amount is collected in NPA account and reduced to less than 90 days overdue period, then the account will be treated as standard or still will be in NPA??

Hello Experts,

Please explain me what will be accounting treatment for purchase of Tea/coffee powder for Tea/coffee machine installed in office? This machine is on rental basis. What will be the correct ledgers to be prepared? Also how to show rental charges of machine?

Is portfolio management fess expense or should i added it to cost of shares and Mutual Funds?
If i should add it to cost of shares and mutual funds, then on what basis the calculation to be made to charge it to each share or mutual fund?

Respected expert, what is the accounting entry for pradhanmantri aavaa yojna subsidy received by individual?? Bank account debited , but what should be in credit side either home account or capital account???Plz clarify

Unsecured loan was given by a individual to a partnership firm.

Now the individual wants to transfer the loan in favour of someone esle.
What to do....

Dear all,
We are starting to use swipe machine. In this regards I have following doubts :

1. Is swipe machine checks availability of balance of customer while making payment through cr or dr card
2. How many days it will take to credit amount in merchants account
3. How to do accounts in merchants books of accounts
4. if payment declines after some time how we can find the customer