Answer:
presented as noncurrent on the balance sheet.
Explanation:
GAAP is an acronym for Generally Accepted Accounting Principles, it was adopted by the U.S. Securities and Exchange Commission (SEC) and is the comprehensive accounting rules and standard used in recording and reporting financial information.
The IFRS is an acronym for International Financial Reporting Standards,International Financial Reporting Standards, it is a set of accounting rules that ensure financial statements are consistent, transparent and comparable globally.
Both IFRS and U.S. GAAP allow deferred taxes to be presented as noncurrent on the balance sheet.
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1) ERROR OF PRINCIPLE
2) Rs. 500,000/-.
3) 14,40,000
4) Profit=2,00,000
Explanation:
1)
Error Committed by Mr. Imran is "ERROR OF PRINCIPLE" . Error of Principle Means a transaction which is not in accordance with Generally accepted accounting principle( GAAP). In this case Mr. Imran has wrongly debited to revenue expenditure instead of debiting to Plant and machinery.
2)
The assets side of Balance sheet is understated by Rs. 500,000/-.
3)
Fixed Assets correct amount= Fixed assets before correcting the errors + installation charges
=9,40,000+5,00,000
=14,40,000
4)
Correct Profit= Profit/(loss) Before correcting the error+Installation Charges
Profit= (3,00,000)+5,00,000
Profit=2,00,000
Answer:
The payscale is $48k - $110k per year in the united states
Explanation: Hope this helps:).........if not then I hope you find what you're looking for:)
Answer:
Cash donations to public charities are limited to % of a taxpayer's AGI? Cash donations can be deducted to a maximum of 60% of your AGI.
Donations of capital gain property to public charities are generally limited to % of a taxpayer's AGI? If you hold the assets (whether stock or property) for more than one year, donations can be deducted (at fair market value) to a maximum of 30% of your AGI.
Donations of certain capital gain property to private non operating foundations are limited to % of AGI? When you donate short term capital gain property to private non operating foundations you can deduct up to 30% of your AGI.
