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Accounting for Electrical Fittings in a Rented Factory: Key Treatment Options
access_time 2024-10-20T09:00:41.826Z face CA N Raja
Accounting for Electrical Fittings in a Rented Factory: Key Treatment Options Vinu: Hey Manu, I need your help! We're working on financials for 2023-24 for a company that operates in a rented factory. We've done some electrical fittings and spent money on it. But there are different opinions about h...
Rising Creditors: Strategic Advantage or Financial Warning?
access_time 2024-10-13T13:41:53.267Z face CA N Raja
Rising Creditors: Strategic Advantage or Financial Warning? Vinu: Hey Manu, I’ve been going through our company's financial statements, and I noticed that our creditors have been continuously increasing year over year. Should we be concerned about this? Is it a good or bad sign? Manu: That’s a great...
How to Verify Capital Infusion: A Step-by-Step Guide for Bankers
access_time 2024-10-13T13:29:48.453Z face CA N Raja
How to Verify Capital Infusion: A Step-by-Step Guide for Bankers Vinu: Hey Manu, last year in a company’s financial statement, the current account was reported on the asset side, and it resulted in a negative tangible net worth. This year, they reported the current account on the liability side and ...
Demystifying the Partners' Current Account: A Guide to Managing Partnership Finances
access_time 2024-10-13T12:13:49.012Z face CA N Raja
Demystifying the Partners' Current Account: A Guide to Managing Partnership Finances Vinu: Hey Manu, I was going through the balance sheet of our partnership firm, and I noticed something called the "Partners' Current Account." Can you explain what that indicates? Manu: Sure, Vinu! The Partners' Cur...
Decoding Section 28: Time Limits and Legal Implications in Bank Guarantees
access_time 2024-10-13T11:32:35.311Z face CA N Raja
Decoding Section 28: Time Limits and Legal Implications in Bank Guarantees Vinu: Hey Manu, I came across something called "Section 28" in one of our bank guarantee documents. Can you explain what Section 28 is and when it applies to a bank guarantee? Manu: Of course, Vinu! Section 28 of the Indian C...
