Company A buys IT equipment some of which it sells to customers and some of which it leases to customers usually over 3 years.
I'm doing accounts for a small charity and in the year two grants were received for capital equipment.
Professional bodies have pushed for transparency in investor statements, but in this challenging economic environment, firms should also be using their statements as a marketing opportunity, ar
We use IAS 11 to recognies our Rvenue and margins on contratcs. Recently we had a contract where one of the units was burnt down. Under the contract we have to make good this unit. We are insured.
A company has made a loan to a SIPP, the SIPP is in the personal names of two of the directors.
Does this transaction need to be treated as a S419 type transaction.
How do you post bar takings ( customer sales ) onto sage
Steve Collings outlines how to apply the going concern concept when preparing financial statements.
I have a small start up where a few investors have put in a few thousand each, the first year is completed and so far the expenses involved are professional fees mainly relating to feasability stud
I'm looking at a charity but I think this is true for all companies.
Section 236 for the SORP states that:
A client has received a corporation tax repayment in the accounts we are preparing for them of £3k which obviously relates to the previous year. They have debited the bank account & credited t
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