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Decoding Deferred Tax Liability: Why It Doesn't Count Towards Net Worth
access_time 2024-10-13T05:38:53.705Z face CA N Raja
Decoding Deferred Tax Liability: Why It Doesn't Count Towards Net Worth Vinu: Hey Manu, I’ve been reading about financial statements, and I came across something called Deferred Tax Liability (DTL). Can we consider Deferred Tax Liability as part of a company’s net worth? Manu: That’s a great questio...
Understanding Bad Debts vs. Provision for Bad Debts: A Simple Breakdown for Business Owners
access_time 2024-10-13T05:30:50.074Z face CA N Raja
Understanding Bad Debts vs. Provision for Bad Debts: A Simple Breakdown for Business Owners Vinu: Hey Manu, I've been hearing about bad debts and provisions for bad debts in my accounting class, but I'm still a bit confused. Could you explain the difference to me? Manu: Sure, Vinu! Let me explain it...
Understanding Asset Revaluation in Partnership Firms
access_time 2024-10-10T06:53:01.708Z face CA N Raja
Understanding Asset Revaluation in Partnership Firms: Key Considerations and Scenarios Vinu: Hey Manu, I have a question regarding revaluation of fixed assets in a partnership firm. Under what circumstances can we carry out the revaluation of assets? Manu: Sure, Vinu! Revaluation of fixed assets can...
Bill Discounting vs. Bill Purchase: Understanding the Key Differences and Risks
access_time 2024-09-29T09:52:07.512Z face CA N Raja
Bill Discounting vs. Bill Purchase: Understanding the Key Differences and Risks Vinu: Hey Manu, I’ve been hearing about bill purchase and bill discounting a lot lately, but I’m still not sure what the difference is. Can you explain? Manu: Sure, Vinu! Let's break it down. Bill discounting is when you...
Depreciation & Accumulated Depreciation
access_time 2024-09-11T17:08:36.292Z face CA N Raja
Depreciation & Accumulated Depreciation - A Discussion Vinu: Hey Manu, I've been reading about financial statements, and I'm a bit confused about Depreciation and Accumulated Depreciation. Can you explain the difference? Manu: Of course, Vinu! Depreciation is the systematic allocation of the cost of...
