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Forward contract and its relevance in a AS 11
access_time 2018-12-27T05:21:01.181Z face CA N Raja
Enterprises will be entering into forward exchange contract or similar financial instruments not for speculation or trading. but to establish how much of reporting currency is required for settling a foreign currency obligation on the date of transaction. for how much reporting currency will be avai...
joint products and byproducts
access_time 2018-12-26T06:41:38.166Z face CA N Raja
let us take products like gasoline, fuel oil, lubricants, paraffin, Coal Tar, kerosene all these products are produced from crude Petroleum what is significant here is all these products have equal importance they are simultaneously produced from the same process each of these products have signific...
Why we say like this?
access_time 2018-12-23T05:09:12.188Z face CA N Raja
If I ask you what is the accounting entry for salary paid - will you say Salary account Debtor To Cash Account Or Salary account debit To cash account ??????????...
What is Bank guarantee
access_time 2018-12-21T10:11:20.133Z face CA N Raja
First let's get into the meaning of guarantee -Guarantee is basically a contract to perform the promise and to discharge the liability of a third person in case of default -and this is what we have in section 126 of Indian Contract Act 1872. Guarantee is basically a contract -where you are going to ...
Introduction to Fund Flow Analysis
access_time 2018-12-20T13:55:03.885Z face CA N Raja
What is Fund flow analysis? Let us have a look at this - we know traditionally balance sheet and profit and loss statements are prepared - Balance sheet would communicate what is the financial position as on a particular date and profit and loss statement would communicate what is the book profits t...
