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what is Retention Money Guarantee
access_time 2019-01-01T11:45:02.2Z face CA N Raja
In banking you will come across customers who are undertaking construction contracts. While these contractors receive payment from their employers certain percentage of payment will be retained and generally it will not exceed ten percentage that retained portion is called as retention money but pro...
Financial Markets
access_time 2018-12-31T07:31:08.918Z face CA N Raja
Let us understand about financial markets - we can say financial markets is basically a set up where financial instruments like shares debentures bonds are issued by different entities and they are traded and sold. we can classify the financial markets into two categories One is capital market and t...
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 ??????????...
