Describe the kinds of tenders
Briefly describe the kinds of tenders?
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i) Single Tender : When only one source of supply is accessible after that single tender is addressed to the selected supplier.
ii) Limited Tender : This kind of tender is addressed to a limited numeral of suppliers, who are the dependable source of supply.
iii) Open Tender : is open to all the suppliers in the country who can supply the needed quantity and quality of materials. These invitations is made through advertising in newspapers,
iv) Global Tender : is open to anyone from any division of the world to supply the needed quantity and quality of materials.
Mention out various methods for calculating depreciation?
Briefly explain the general purpose of statement of comprehensive income. As well, explain briefly the terms expenses and income as stated by the Conceptual Framework for the Financial Reporting (IASB, 2010).
Premium on redemption & period of conversion for debentures who decides the amount?
Give a brief introduction of the term ‘Going Concern Concept’?
What do you understand by the term ‘Money Market’?
Give a brief introduction of the term Equity Warrants?
How are deferred expenditures dealt with in profitability statement?
Briefly describe the accrual basis of accounting by describing the principles involved.
Describe the calculation process of cost of idle time?
Under the assets side what types of items appear?
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