opinion
Do directors prepare financial statements?
Under that law, the Directors are required to prepare the Group financial statements in accordance with International Financial Reporting Standards (IFRS)...
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Opinion
opinion
What is difference between NPS tier1 and Tier 2?
While Tier 1 of the NPS is a rigid retirement plan, Tier 2 gives you more flexibility for withdrawals, if needed. The idea is to promote a government-back...
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opinion
What causes an increase in shareholders equity?
A primary reason for an increase in stockholders’ equity is due to an increase in retained earnings. A company’s retained earnings is the difference betwe...
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opinion
Is corporate tax A current liabilities?
Classic examples of current liabilities are money that the business owes to HMRC, such as VAT or Corporation Tax and money owed to its suppliers, such as ...
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What is a bond issue cost?
Bond issue costs are the fees associated with the issuance of bonds by an issuer to investors. The accounting for these costs involves initially capitaliz...
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In what order are current assets listed?
liquidity Current assets are usually listed in the order of their liquidity and frequently consist of cash, temporary investments, accounts receivable, in...
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opinion
How would you describe owners equity?
Owner’s equity is essentially the owner’s rights to the assets of the business. It’s what’s left over for the owner after you’ve subtracted all the liabil...
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What is the normal balance of unearned?
Accounting for Unearned Revenue As a company earns the revenue, it reduces the balance in the unearned revenue account (with a debit) and increases the ba...
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What is trunking used for?
Trunking, a term frequently used in IT and telecommunications, refers to a network configuration that efficiently conveys data between multiple entities w...
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opinion
What is an example of outstanding balance?
Debt that has not yet been repaid in full. For example, if one borrows $10,000 and has paid back $2,000, the outstanding debt is $8,000. In general, inter...
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