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COLUMNS
FOR THE ASKING
Accounting for a reduction in liability
In case a company is asked to make a settlement through a legal edict with its suppliers towards the outstandings that results in a substantial reduction in liability, what would be the accounting treatment? More
RACY CASES
A high-speed discussion on slowdown
Scene: Chennai airport passenger’s lounge. The Air India flight 172 to London has been delayed for another hour, so passengers are moving around and chatting with each other.Mrs Spendthrift, a pleasant, matronly young woman in an ...
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STICKLISH ISSUES
Sure about the quality of gold you buy?
Responses to Sticklish Issues dated December 3
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Are industrial units doing enough to prevent disastrous gas leaks?
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