how loan is different from debenture?
Answer Posted / barodianbuddy(acca)
Loan have to be repaid every month with interest according to terms & conditions. It can be short term or long term. Debentures are financial instrument issued to generate funds at fixed rate of interest. It can be redeemable or non redeemable. Debenture is not secured by any collateral but loan is.
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Capital reserve is - a) real account b) nominal account c) personal account d) none of them
Explain what is bank reconciliation?
Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?
Apportionment of expenses
examole of cash to cash contra entry
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
What is the master account?
I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
Tell me what is an over accrual?
what is capital reserve
What is definition of a cash float in accounting?
Explain the accounts payable cycle
What is the provision?
get fixed assets items
What is service tax & excise?