Easy Office
Easy Office


Ashwini
25 January 2008 at 15:19

Contingent liability - materialised


Can anyone guide me on the following?

A bank guarantee was given by a company which was encashed by the party. Earlier the amount of guarantee was shown as Contingent liability. Though the same is encashed, company is sure to recover the same but this litigation process may take some time. Till the time, do we need to adjust financial records for the amount?

Thanks in advance.


Guest
25 January 2008 at 12:55

accounting standards

can any one suggest me the best complete book for accounting standards(professional edition and not a student)?


Accounts
24 January 2008 at 20:30

Accounting of 'Event Management'

can anybody suggest me how to make a sound accounting for a 'Event Management Company'

we deals in :-
Event Income
Event Expenses
Sponsership Incomes
Payment to Vendors
Indirect expenses of the company

mainly I have a problem in the treatment of :-
Event Income
Event Expenses
Sponsership Incomes


Mayur
24 January 2008 at 19:33

USGAAP & IFRS

Dear Sir,

I need guidelines about accounting of different types of loans provided by bank under US GAAP and IFRS

please tell me source from where i can get these information.

with regards,
Mayur


hemanth

Hi

please tel me the procedures for esi and epf for new employees as per the act.

thanking u
hemanth


Yogesh Bhardwaj
23 January 2008 at 16:59

Financial & Management Accounting

1. "Profit margin and turn over ratios vary from one industry to another" what industry characteristic account for these variations? Give some contrasting examples to illustrate the answer.

2. Paymenton on a long term note payable affects working capital, whereas payment on a short term note payable does not why?



imtiyaz
22 January 2008 at 15:49

Treatment of dividend

In US subsidiary of Indian parent co.
proposed dividend in US subsidiary
how the treatment of dividend in Indian consolidation


Krishna Prasad
18 January 2008 at 14:54

Guidance note on IDC & IEDC

Can anybody help me out for the treatment of IDC (interest during construction) & IEDC (Incidental expenditure during construction) how these to be alloacted & when, on year to year basis or after the completion of projrcts.

CA Krishna Prasad


Prakash Khandelia

Plz tell how AS-9 is applicable to telecom