by Noorjahan S. Yargatti | Apr 19, 2020 | English Topics, Uncategorized
These are tangible items which they will use for their production or supply of goods or services for rental to others, or for administrative purposes. And it is expected to be used during more than one period. IAS 16 states that the cost of an item of property,...
by Noorjahan S. Yargatti | Apr 19, 2020 | English Topics, Uncategorized
This allows an individual to display at least annually a full collection of financial statements, with comparable amounts for the previous year (including the comparable amounts in the notes). IAS 1 applies to general purpose financial statements. which are defined as...
by Noorjahan S. Yargatti | Apr 18, 2020 | English Topics, Uncategorized
IFRS are given by the International Accounting Standards Board (IASB). They indicate how organizations must keep up and report their records, characterizing sorts of exchanges and different occasions with monetary effect. IFRS were set up to make a typical bookkeeping...
by Noorjahan S. Yargatti | Apr 18, 2020 | English Topics, Uncategorized
To avoid the hefty penalties by FTA its very important to file the returns for your business timely and accurately. Today almost more than 180 countries have accepted the procedure and this got spread worldwide at a faster pace. The middle east countries, specially...
by Noorjahan S. Yargatti | Apr 16, 2020 | English Topics, Uncategorized
As per UAE Vat Law Every taxable person should keep the record of documents like , annual accounts, general ledger, purchase day book, invoices issued, invoices received, credit notes, debit notes, VAT Ledger etc. Under the UAE VAT law the books of...
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