Financial Statements

Negative cash flow from investing activities means that a company has spent more money on fixed assets than it has received from the sale of fixed assets in a given financial period. It's usually a sign of a company growing/investing in itself with a few to growing cash flow from operating activities,

Positive cash from investing activities means that the company is selling off more fixed assets than it is investing in. There could be many reasons for this e.g. the value of the asset has grown and the company wants to realise a profit or to meet operating or financial cash flow obligations. Despite the use of the word 'postitve' is not always a good sign for a business.

Debit retainer fee expense
Credit cash / bank

Accounts Payable is the amount which is payable by company for the merchandise purchased by company but payment is due in future, as it is the liability of company so like all liability accounts it has credit balance as normal balance.

source document

Valdes, Abad & Associates

Sycip, Gorres Velayo & Co,.

Isla,Lipana & Co.

Punongbayan & Araullo and Co.

for a manufacturing concern it will be a manufacturing account and for a non manufacturing concern it will be a trading account or a profit and loss account or income and expenditure account.

if a company made a secondary offering of stock and raised an additional $150,000 where do it go a Trial Balance Sheet

Commercial banks are interested in financial statements so they can see that how is business performing so that they can invest money in it as well as if business wants credit from bank is business will be able to return it back or not.

Preparation of trial balance insures that all the debits and credits of different transactions are equal and both debit and credit side is equal and all transactions are properly balanced and transferred to relative ledgers. If trial balance is not tally properly it means that there is some mistake while transferring transections from journal to ledgers.

Equity in balance sheet is that account in which owner has invested money in business and business is liable to it's owner to return.

bottom line

On a balance sheet the net liability section is on the right hand side above owners equity. Net liability is the sum of all debts owed by the organization.

Gupta a/c Dr....

to Salary A/c

Capital Expenditure.

accounting profession challenges when using IFRS

"Earnings" generally refer to wages paid for personal labor whether by the hour or otherwise. "Unearned income" on the other hand, refers to gains from stock or interest but not labor for wages.

Yes, in some cases. For example:The Federal Financial Institutions Examination Council (the "FFIEC") approved a reporting requirement, effective October 1, 1989, to use push down accounting in certain acquisitions of national banks, state member banks and insured state nonmember banks. This reporting requirement is an addition to the Glossary to the Instructions to the Consolidated Reports of Condition and Income ("Call Report") .

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment. This type of outlay is made by companies to maintain or increase the scope of their operations. These expenditures can include everything from repairing a roof to building a brand new factory.

Accumulated depreciation as well as any loss on disposal as well as if any cash received these three accounts are debited.

Normative theory in accounting is theory about how net income 'should' be calculated. Positive accounting theory on the other hand is about observing/explaining and predicting accounting choices of.nature of accounting theory is 2 type 1. is positive theory and 2.normative theory IFRSs refers to the new numbered series of pronouncements that the IASB is issuing, as distinct from the International Accounting Standards (IASs) series issued by its predecessor. More broadly.

manages the budget,cost, and accounting functions for the base

Investment from factory owners is equity and it is shown in balance sheet of business.

Income Summary Account

interest is shown in cash flow from operating activities as cash outflow if interest is paid.