Top Interview Questions for Senior Accountants | Key Questions on IFRS 9.
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- Опубліковано 11 вер 2024
- Top Interview Questions for Senior Accountants | Key Questions on IFRS 9.
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Excelleeeeeeeeeeeent sir ... explanation at its very best... Superb ❤
It is correct, you have to clac interest with ,the rate at which you have given loan to employees, and you need to pull them with current market interest rate ,
Very very helpful video..thnk u sir
keep up the good work
Any questions, related to IFRS, please write in the comment section.
how did u calculat fair value, if you can explain the idea behind this formula
If company is giving Advance to employees, By any chance above calculation applicable?
👌
Sir Amortization kis head me jayega
Employee Benefit Expenses
Doesn't look right..how come loan repayment (with int) is less than 6lacs in any case
Loan repayment with interest is not less than 6 lacs. Add all the Bank Dr entries. It will come to 6.72 lacs. 6.72 lacs rupees has inflow to company while it gave away 6 lacs.
However instead of booking interest at Cash basis at lower rate @4% = 24000 on SLM basis per year, IFRS helps curb tax evasion by booking it at Market Rate of 10% on a opposite of WDV method each year. Helps to unwind the Loan amount to full repayment principal on period end. Refer IND AS 109 detailed document for reference