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Q. Illustrate Accounting ramifications?
Accounting ramifications
i) Restatement
ii) Unable to file on timely basis while go back and determine what periods are effected
iii) Calls into questions company's internal controls and governance
iv) Willnot be able to file shelf registration
v) May be delisted from exchange
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Are revenue and expense accounts permanent accounts and should not be closed at the end of the accounting period?
Adjudication order The court may adjudge the debtor bankrupt on the application of the O.R. or any creditor in the following cases: If the creditors so resolve at their first
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1. To qualify as official development assistance (ODA), development loans must have a grant element of at least 25 percent, calculated using a stated annual interest rate of 10 per
what is cum interest
Illustration of Retirement of a partner A, B and C have been trading as equal partners having capital contributions of £500,000 and £400,000 and £300,000 respectively as at 1st
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