User Account

All Pages

What is the accounting treatment for the mentioned situation

Assignment Help Financial Management
Reference no: EM132379690

Question

What is the accounting treatment for the below mentioned situation?

BSL Limited is a construction company in Hong Kong and involved with several situations which listed below that possibly involve contingencies. Its financial year ends 31 March, and the 2019 financial statements are issued on 16 May 2019.

In order to attract more customers, guarantees were given by BSL Ltd to certain banks in respect of performance bonds in favour of certain contract customers amounted to HK$122 million. There is no evidence for default payment from the customers.

Reference no: EM132379690

Questions Cloud

Discuss the concept of work centrality : Discuss the concept of work centrality as it relates to Japan. How is this changing in recent times?
What is her medical expense deduction for the current year : Bernadette suffers from multiple sclerosis and has great difficulty climbing stairs. Upon the recommendation of her physician, she has an elevator.
What is the amount of helgas deduction assuming : Helga had AGI of $135,000 in 2018. She donated corporate stock with a basis of $28,000 to a qualified charitable organization on April 3, 2018.
Effect of corporate governance on financial performance : Write a research paper on given topic - The effect of corporate governance on financial performance of companies within the UK
What is the accounting treatment for the mentioned situation : BSL Limited is a construction company in Hong Kong and involved with several situations which listed below that possibly involve contingencies.
ACC306 Accounting for Strategic Management Assignment : ACC306 Accounting for Strategic Management and Sustainability Assignment Help, Stotts College, Assessment Writing Service - report of a business case study
Why is this an increase in both assets and liabilities : Purchase a building by paying 20% in cash and agreeing to pay the remainder over future years. Why is this an increase in both assets and liabilities.
Discuss the difference between being able to speak : Discuss the difference between being able to speak the language of a country and being able to communicate within that culture.
Impact on conducting foreign business : Discuss the attitudes other countries have towards Americans and how this has an impact on conducting foreign business.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd