If we have excess reserve & surplus how you allocate it.How you recognise revenue on Ind as 115.How Are Balance Sheet of Company different from the Bank

Question

Accepted Answer

Excess reserve & surplus can be allocated through various methods such as reinvestment, dividends, or debt repayment. Revenue recognition under Ind AS 115 follows a five-step model. Balance sheets of companies differ from banks in terms of assets, liabilities, and capital structure.

Excess reserve & surplus allocation methods: reinvestment, dividends, debt repayment
Revenue recognition under Ind AS 115: five-step model
Differences between company and bank balance sheets: assets, liabilities, capital structure

Accepted Answer

Allocate reserve for procurement of resources, clearing bad debts, invest on new projects, increase stakeholders wealth through equities, shares.

Secondly, balance sheets of company , maintain two different book of accounts, ledgers which project company's assets, liability, company registration number annual investment plans, display p& l statement, bottom line accounting/third line accounting.

Bank a/c statement should show the company's tax deduction at source, overdraft status, assets, liability, loan borrowed

If we have excess reserve & surplus how you allocate it.How you recognise revenue on Ind as 115.How Are Balance Sheet of Company different from the Bank

Top TCS Business Analyst interview questions & answers

Popular interview questions of Business Analyst

Top HR questions asked in TCS Business Analyst

If we have excess reserve &amp; surplus how you allocate it.How you recognise revenue on Ind as 115.How Are Balance Sheet of Company different from the Bank

Top TCS Business Analyst interview questions & answers

Popular interview questions of Business Analyst

Top HR questions asked in TCS Business Analyst

If we have excess reserve & surplus how you allocate it.How you recognise revenue on Ind as 115.How Are Balance Sheet of Company different from the Bank