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Reader Comments on ::   Quarterly Accounts and comparison thereof
Thank you so much for above comments
Posted By: Sonam Choeden      Posted on: 2018-05-15 11:57:13
2. An entity’s financial year ends on 31st December 2013 and chooses to present its quarterly interim financial statements as on 30th Sept 2014.

(i) In the statement of financial position
At 30 Sept 2014 31 Dec 2013
(ii) Statement of Comprehensive Income
9 months ending 30 Sept 2014 30 Sept 2013
3 months ending 30 Sept 2014 30 Sept 2013
(iii) Statement of Cash Flows
9 months ending 30 Sept 2014 30 Sept 2013
(iv) Statement of Changes in Equity
9 months ending 30 Sept 2014 30 Sept 2013
Posted By: Sonam Wangdi      Posted on: 2018-05-15 11:57:13
1. An entity’s financial year ends on 31st December 2013 and chooses to present its half yearly interim financial statements as on 30th June 2014.

(i) Statement of Financial Position
At 30 June 2014 31 Dec 2013
(ii) Statement of Comprehensive Income
6 months ending 30 June 2014 30 June 2013
(iii) Statement of Cash Flows
6 months ending 30 June 2014 30 June 2013
(iv) Statement of Changes in Equity
6 month ending 30 June 2014 30 June 2013


2. An entity’s financial year ends on 31st December 2013 and chooses to present its quarterly interim financial statements as on 30th Sept 2014.

(i) Statement of Financial Position
At 30 Sept 2014 31 Dec 2013
(ii) Statement of Comprehensive Income
9 months ending 30 Sept 2014 30 Sept 2013
3 months ending 30 Sept 2014 30 Sept 2013
(iii) Statement of Cash Flows
9 months ending 30 Sept 2014 30 Sept 2013
(iv) Statement of Changes in Equity
9 months ending 30 Sept 2014 30 Sept 2013
Posted By: Sonam Wangdi      Posted on: 2018-05-15 11:57:13
If we are to present quarterly and half yearly accounts , then what should be the correct period for comparison, for eg , if we are to present quarterly accounts for 2014, then do we also present for 2013 quarter or for full 2013.
Posted By: Sonam Choeden      Posted on: 2018-05-15 11:57:13

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