by Auditor A | May 4, 2020 | English Topics, Uncategorized
VAT treatment on supplies of farm lands and farm buildings can differ by taking into consideration of facts and principles of individual case of supply of farm lands and farm buildings. The supply of farm house which is constructed as a residential building and is...
by Auditor A | May 4, 2020 | English Topics, Uncategorized
A transfer of business as a going concern is a type of an asset sale which involves a transfer of title in the assets from one person to another person. For VAT purposes, it is important to distinguish between a normal sale of assets and a sale of assets as part of...
by Auditor A | Apr 23, 2020 | English Topics, Uncategorized
IFRS stands for international financial reporting standards. It is a set of accounting rules and standards that determine how accounting events should be reported in your businesses’ financial statements. IFRS make financial statements consistent, comparable, and...
by Auditor A | Apr 23, 2020 | English Topics, Uncategorized
Chart of Accounts is a list of accounts which should be designed by the accountant of the company taking into consideration of the nature of a business. It is very useful tool to categorize the accounting data in to different class of accounts and to generate...
by Auditor A | Apr 20, 2020 | English Topics, Uncategorized
Input tax must be recovered in the first tax period in which two conditions are satisfied: a. the tax invoice is received; and b. an intention to make the payment of consideration of the supply before the expiration of six months after the agreed date of payment is...
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