Financial Statements

Trading Securities: held with the intent of being sold for one month.

-Available-for-sale Securities: held with the intention of being sold sometime in the future. If these are sold

within one year or during the operating cycle they are considered as current assets and anything else would be

long-term assets.

-Held-to-maturity Securities: held with the intent to sell at the point of maturity.

Yes, cash received is an asset while stock issued is liability. Cash is asset because this cash now be use for the business benefit.

Under indirect method net income from normal income statement is adjusted for non cash items to arrive at cash flow from operating activities. As salaries and purchases are already accounted for in normal income that;s why it is not reported otherwise it will count twice.

Cost of goods sold incoporates all items to ad value to that product. So no, adverstising is an expense.

Expenses are items used by a company to operate, like salries, telephones, travel, and advertising

[Debit] Accumulated Depreciation xxxx

[Debit] Loss on disposal of asset (if any) xxxx

[Debit]Cash received (if any) xxxx

[Credit] Vehicle account xxxx

[Credit]Profit on disposal of asset (if any) xxxx

Lenders want to pay your taxes and homeowners insurance on your behalf when they are due. This helps protect their investment.

Your lender will collect 1/12 of your yearly property taxes and 1/12 of your yearly homeowners premium with each months payment.

When you originally buy the home they will collect a couple of additional months reserves for each of these categories.

When it comes time to pay your property taxes, the lender will have the full amount escrowed ( saved ) for you. They will then forward the tax payment on your behalf. The same is true with your homeowners insurance.

convert 5 feet 6 inches into inches

Secured Premium Notes are nothing but a share warrant which are only issued by the listed companies after having approval from The Central Government.

SPN comes with a detachable warrants which has lock in period of 4 to 7 years. No interest will be paid within lock in period to SPN holders.

SPN holders will get Principal Amount along with interest on installment basis after lock in period of said period.

Detachable warrants can be converted into Equity Shares as per notification & time limit by the Company.

With Regards,

Sameep Shah

ICAI, Mumbai.

It is the lowest return on project or investment that will make the firm or investor to accept that project.

in general, financial reports cannot focus on servicing a single group of users. There is the so-called conflict of interest between the user groups, such as suppliers and lenders vs shareholders.Suppliers and lenders require conservative approach in the reports which will reduce thhe shareholdes forecasts of profitability.Senior management vs Employess. Senior management worries that large profit will increase the wage demand, so they ensure that reports show only a small percentage of the total income.

Yes cash flow statement is also published along with income statement and balance sheet.

After the implementation, the focus of attestation is the review and verification of system operation. This requires adherence to such standards as ISO 9000 for software design and development, as well as standards for control of information technology.

No. It is a manufacturing control account that increases with debits and decreases with credits.

The suspense account is a balance used to force the trial balance to agree. Once the errors have been located the respective amounts are debited or credited out of the suspense account until the balance is zero.

That is known as the income statement or can by IAS1 it's known as the statement of comprehensive income.

The base for any item in a vertical analysis is Net Sales. This is because you are dividing the item, in this case the cost of goods sold, by the net sales to figure the percentage.

goodwill is not a liability. goodwill is an intangible item that is shown in the balnce sheet in the fixed assets sextion

You would make the journal entry the same way you would make it if they were not free shares. You would use the estimated or known value of the free shares to make the entry.

108000

To calculate the closing stock for a shop, you need to consider the beginning inventory, purchases made during the period, and sales made during the period. The closing stock is calculated by adding the beginning inventory and purchases made during the period, and then subtracting the sales made during the period. The remaining balance is the closing stock.

Well there is an inverse re

lation ship between profitabliltiy and CAR.Higher CAR reflects higher amount of money remains idle.so,it lost its oppourtunity interest income.as a result it will defineltly affects in profitability.however there are some exceptional cases.thats because of not funding income comes from non funding activities.

The statement of profit and loss follows a general format that begins with an entry for revenue and subtracts from revenue the costs of running the business, including cost of goods sold, operating expenses, tax expense and interest expense. The bottom line (literally and figuratively) is net income (profit).

I think I'd have to say that I disagree with any statement as vague and ungrammatical as that. I can't even tell what it's supposed to mean.