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Ok Sir , I’m sorry for that.
But kindly clear my point.
If a floating charge is registered does not it means that it is under Negative Pledge Clause ?
Because if floating charge registered under Negative Pledge clause it will take priority over fixed charge.
I am confused about either its a simple Registration of floating charge or a Negative Pledge Clause ?Sorry , I made a mistake in writing question.
Its a Crums Ltd company which borrowed money from these parties and made transactions .DELETED
Student please note that you should post to the most suitable forum and start a NEW thread for a new question rather than add it on to an existing post (unless of course it relates to the same question). Your duplicate question has been answered.
Hy ! Kindly help me in this question
A company has two-month receivables cycle. It receives in cash 45% of the total gross sales value in the month of invoicing. Irrecoverable debts are 20% of total gross sales vale and there is a 10% discount for settling accounts within 30days.
What proportion of the first month’s sales will be received as cash in the second month?
Answer is : 30%
Explain me how?Hy Sir can u tell me the formula to calculate the Profit attributable to Parent company in P/L.
Hello sir, Kindly give me explanation to this question
On 1st January 2008, Wootton Ltd has a building in its books at cost $380,000 , net book value $260,000.
On 1st July 2008, the asset is revalued at $450,000 and Wotton wishes to include that revaluation in its books. Wootton’s accounting policy is to depreciate buildings at 3% straight line. The depreciation charged to the SOCI is?
Ans: $12,450 it is the correct answer.
Kindly solve it with explantion how to do…ThanksHey Sir,
In this question Newell’s receivables ledger account shows a balance at the year end of $58,200 before making the following adjustments:
1- Newell wishes to write off debts amounting $8,900 as he believes they are irrecoverable.
2- He also wishes to make specific allowance for Carroll’s Debt of $1,350 and Juff’s Debt of $750.
3- He also wishes to maintain general allowance of 3% of the year and receivables balance.Newell’s allowance for receivable at the year end was $5,650
What is the charge to the Income Statement?
Kindly answer me
